After Beating Earnings Estimates, Nvidia Shares Fall Slightly; Crypto Markets Flat

Nvidia (NVDA) reported second-quarter revenue of $46.7 billion, a 56% year-over-year increase, highlighting its central role in the AI boom as demand for high-performance processors continues to surge.

Despite the earnings beat, Nvidia shares fell 1.7% in after-hours trading, with slightly softer-than-expected data center revenue of $41.1 billion—below analyst projections of $41.29 billion—cited as a factor.

Cryptocurrencies reacted minimally. AI-linked tokens such as Internet Computer (ICP $5.12), NEAR Protocol, and Bittensor (TAO $334.82) remained largely flat, while Bitcoin (BTC $112,905), Ether (ETH), and XRP ($2.995) dipped briefly but recovered to near pre-report levels.

Investors are closely watching Nvidia’s guidance for indications of chip demand from hyperscalers including Microsoft, Meta, and Amazon, as well as updates on advanced chip development for China, where U.S. export restrictions apply.

Nvidia is scheduled to host its earnings call at 5 p.m. ET, fielding questions from analysts.