According to Shenchao TechFlow news, on August 28, Nvidia reported a revenue of $46.743 billion for the second quarter of fiscal year 2026, a year-on-year increase of 56%, slightly above analysts' expectations of $46.23 billion. Among them, revenue from the data center in the second quarter was $41.1 billion, slightly below analysts' expectations of $41.29 billion, and the performance guidance provided was not impressive enough, raising concerns in the market about a slowdown in AI spending growth.
After the financial report was released, Nvidia's shares fell by more than 5% in after-hours trading, with US chip stocks and AI concept stocks following suit. AMD and Broadcom dropped over 1%, while Advanced Micro Devices fell over 2%. Bitcoin temporarily dropped below $111,000, and ETH also faced pressure, falling to $4,482.
BiyaPay analysts indicate that financial reports affect investor confidence and capital flows. Nvidia's financial report may impact the continuation of the AI boom in the US stock market. BiyaPay's multi-asset trading wallet will continue to provide users with one-stop services such as global remittances, digital currency trading, and investments in US and Hong Kong stocks, helping investors remain flexible in a complex market.
