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BiyaPay Analyst: NVIDIA Earnings Report May Impact US Stock Market AI Craze
BlockBeats News, August 28th, NVIDIA announced a revenue of 46.743 billion U.S. dollars for the second quarter of its 2026 fiscal year, a year-on-year increase of 56%, slightly higher than the analyst's expected 462.3 billion U.S. dollars. Among them, the data center revenue in the second quarter was 41.1 billion U.S. dollars, slightly lower than the analyst's expected 41.29 billion U.S. dollars. Moreover, the performance guidance provided was not impressive enough, raising concerns in the market about the slowing momentum of AI spending.
After the financial report was released, NVIDIA's stock price fell by more than 5% in after-hours trading. U.S. chip stocks and AI concept stocks followed suit with declines, with AMD and Broadcom falling by more than 1%, and AMD falling by more than 2%. Bitcoin briefly fell below $111,000, and ETH also came under pressure, falling to $4,482.
BiyaPay analysts stated that the financial report has impacted investor confidence and fund flows. The NVIDIA financial report may affect the continuation of the U.S. stock market's AI boom. The BiyaPay multi-asset trading wallet will continue to provide users with one-stop services such as global remittances, cryptocurrency trading, and U.S.-Hong Kong stock investments, helping investors remain agile in the complex market environment.
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