The AI and semiconductor giant announced its second-quarter earnings on Aug. 28 with a net income increase to $16.6 billion.The bullish revenue report could boost the burgeoning artificial intelligence sector and have a knock-on effect on crypto assets, but that has yet to be seen today.The firm beat Wall Street estimates with the jump in profit but investors were not impressed as company stock tanked almost 8% in after-hours trading with NVDA falling to around $117.
“The size of the beat this time was much smaller than we’ve been seeing. Even future guidance was raised, but again not by the tune from previous quarters.” The firm’s chief financial officer, Colette Kress, attributed the growth to GPU sales and excitement over the company’s new Blackwell chips.
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