Nvidia Shares Edge Lower After Earnings Beat; Cryptocurrencies Little-Changed

Nvidia (NVDA) reported stronger-than-expected earnings for the second quarter on Wednesday, posting revenue of $46.7 billion, a 56% increase from a year ￰0￱ results underscore the chipmaker’s role at the center of the AI boom, as demand for its high-powered processors showed little sign of ￰1￱ of the company fell 1.7% in after-hours trading, with some noting data center revenue as a bit soft at $41.1 billion against estimates of $41.29 billion. AI-linked tokens such as Internet Computer (ICP), NEAR Protocol, and Bittensor (TAO) showed little reaction to the news, trading roughly flat from prior to the ￰2￱ (BTC), ether (ETH) and XRP (XRP) knee-jerked lower on the news, but quickly retraced those losses, showing roughly no net movement from prior to the ￰3￱ Street will parse Nvidia’s commentary closely, especially for signs that hyperscalers like Microsoft, Meta, and Amazon are still ramping up chip ￰4￱ are also looking for updates on the company’s work to develop more advanced chips for China, a market where ￰5￱ restrictions complicate ￰6￱ is set to host its earnings call at 5 p.

m. E. T., where executives will field questions from analysts.