Nvidia (NVDA) Reported stronger than expected earnings for the second quarter of Wednesday, sending a turnover of $ 46.7 billion, a 56% increase from one year earlier.
The results emphasize the role of the chipmaker’s in the center of AI boom as the demand for its high-powered processors showed some signs of slowing down.
Business shares dropped 1.7Maintaining In trading after hours, with some listing of data center income as a bit soft to $ 41.1 billion against $ 41.29 billion estimates.
AI-bound tokens such as Internet computer Near protocol and bittensor showed poor reaction to the news and acted roughly flat from before the results.
Bitcoin ether (Eth) and XRP The knee-pressure lower on the news, but quickly withdrew these losses and showed roughly some net movement from before earnings.
Wall Street will analyze Nvidia’s comment closely, especially for signs that hyperscalators such as Microsoft, Meta and Amazon are still increasing chip orders. Analysts are also looking for updates on the company’s work to develop more advanced chips for China, a market where US export restrictions complicate sales.
Nvidia is set to host its earnings call at. 17 one where leaders will ask questions from analysts.
