Nvidia Q2 results exceeded expectations, AI-related cryptocurrencies continue to rise

According to CoinDesk, Nvidia (NVDA) easily beat expectations in its second quarter results, indicating that the AI ​​trend will continue. Nvidia reported Q2 revenue of $13.51 billion, higher than the $11.19 billion expected by FactSet data. The company's Q2 earnings per share were $2.70, exceeding the expected $2.08. The chipmaker also said it expects third-quarter revenue to reach $16 billion (plus or minus 2%), higher than the expected $12.59 billion.

“Companies around the world are shifting from general-purpose computing to accelerated computing and generative AI,” said Jen-Hsun Huang, founder and CEO of Nvidia.

Tokens such as FET, GRT, INJ, RNDR and AGIX have risen more than 4% in the past 24 hours, outperforming the 3% gain of the CoinDesk Market Index (CMI).