Nvidia Reports Q2 Revenue of $46.7 Billion as Shares Dip
Nvidia (NVDA) reported second-quarter earnings of $46.7 billion, a 56% year-over-year increase. This reflects strong demand for its processors amid the AI boom.
- Data center revenue was $41.1 billion, slightly below estimates of $41.29 billion.
- Shares fell 1.7% in after-hours trading.
- AI-linked tokens like Internet Computer, NEAR Protocol, and Bittensor remained stable post-announcement.
- Bitcoin, ether, and XRP initially dipped but quickly recovered, showing no significant movement.
- Analysts will scrutinize Nvidia’s commentary for insights on chip orders from major clients like Microsoft, Meta, and Amazon.
- Updates on advanced chips for China will also be of interest due to U.S. export restrictions.
Nvidia's earnings call is scheduled for 5 p.m. E.T., where executives will address analyst questions.