Nvidia's Earnings Beat May Help AI-Linked Tokens

CN
coindesk
Follow
2 days ago


Shares of Nvidia (NVDA) rose roughly 4% in post-trading hours after reporting better-than-expected earnings and revenue on Wednesday.

The AI powerhouse posted a 69% increase in revenue in the first quarter, compared to a year ago, with its data center business growing 73% year-over-year. Net income came in at $18.8 billion, up 26% from a year earlier.

The after-hours move pushed NVDA shares to a modest year-to-date gain and about a 20% year-over-year advance.

AI crypto tokens, including Bittensor TAO, NEAR Protocol NEAR and Internet Computer (CIP), moved slightly higher after Nvidia’s earnings beat, although remained sizably lower for the day. Nevertheless, it was ongoing AI demand which was a key driver in the 73% growth in the company data center business.

Turning to the outlook amid recent global trade uncertainties, Nvidia said it expects second-quarter revenue to come in below market estimates as a result of tariff-related restrictions between the U.S. and China.


免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Share To
APP

X

Telegram

Facebook

Reddit

CopyLink