Cryptocurrency investors were eagerly awaiting the earnings report of the giant in the artificial intelligence field. The earnings report, expected after the US market closes, could affect cryptocurrencies for two reasons. First, it could trigger a significant rise or fall in the prices of AI-focused tokens. Second, considering its market value, it could benefit or harm the stock market.
NVIDIA Earnings Report
Most expert predictions regarding the expected earnings report for the second quarter were positive. Dan Ives from Wedbush views Nvidia‘s report as the most important of the year. According to him, the earnings report would come in impressively strong. Deutsche Bank was optimistic due to the continued magnitude of artificial intelligence demand. Ross Seymore said:
“Although some margins are reducing orders before Blackwell’s launch, we expect overall demand trends to remain healthy.”
Consensus estimates for NVIDIA were as follows:
- Revenue estimate: $28.86 billion
- Data center revenue estimate: $25.08 billion
- Gaming revenue estimate: $2.79 billion
- Professional Visualization revenue estimate: $451.1 million
- Adjusted operating income estimate: $18.85 billion
- Adjusted EPS estimate: 65c
The details of the report were as follows:
- Revenue: $30 billion
- Annual Gross Profit Margin: 75.7%
- EPS: 0.68
The figures in the report exceeded expectations, which is positive for AI tokens. Stock markets might also open positively tomorrow. Although BTC surged to $59,500, the rise triggered by the earnings report was not permanent.
