TechFlow news, August 28: NVIDIA reported revenue of $46.743 billion for the second quarter of fiscal year 2026, a 56% year-on-year increase and slightly above the analyst expectation of $46.23 billion. Data center revenue for the second quarter was $41.1 billion, slightly below the expected $41.29 billion. Its forward-looking guidance also appeared lackluster, sparking market concerns over a slowdown in AI spending growth.
Following the earnings release, NVIDIA's after-hours trading dropped more than 5%, dragging down U.S. chip and AI-related stocks. AMD and Broadcom fell over 1%, while Super Micro Computer dropped more than 2%. Bitcoin briefly dipped below $111,000, and ETH declined under pressure to $4,482.
A BiyaPay analyst noted that the earnings report impacts investor confidence and capital flows. NVIDIA's results may affect the sustainability of the AI boom in U.S. markets. BiyaPay’s multi-asset trading wallet will continue providing users with one-stop services including global remittance, cryptocurrency trading, and U.S. stock and Hong Kong stock investments, helping investors remain agile amid complex market conditions.
