Nvidia Shares Edge Lower After Earnings Beat; Cryptocurrencies Little-Changed
Bitcoin and other cryptos showed some volatility, but were mostly flat in the minutes following the report.

What to know:
- Nvidia reported second-quarter earnings ahead of expectations with revenue up 56% from a year earlier.
- Shares of the chipmaker were lower by 1.7% in after hours trading, while AI-linked crypto tokens stayed flat.
- Bitcoin, ether and XRP were showing some volatility following the report, but little net movement.
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 earlier.
The results underscore the chipmaker’s role at the center of the AI boom, as demand for its high-powered processors showed little sign of slowing.
Shares 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
Bitcoin
Wall Street will parse Nvidia’s commentary closely, especially for signs that hyperscalers like Microsoft, Meta, and Amazon are still ramping up chip orders. Analysts are also looking for updates on the company’s work to develop more advanced chips for China, a market where U.S. export restrictions complicate sales.
Nvidia is set to host its earnings call at 5 p.m. E.T., where executives will field questions from analysts.