Crypto
Nvidia's Q2 Earnings Could Spark AI Crypto Rally or Crash
Nvidia's Q2 earnings are set to be released on August 26, with Wall Street expecting around $92.16 billion in revenue and adjusted earnings of about $2.09 per share.
The company's previous quarter already generated $81.6 billion, including $75.2 billion from its Data Center business, which jumped 85% year over year and 20% from the previous quarter.
The Blackwell chips are expected to remain a key growth driver as cloud companies and AI developers continue expanding their AI systems.
A strong revenue report could have a bigger effect on AI-related crypto tokens than the overall market, with historically high beta extensions of 10-30% within 24 hours of major results for tokens like FET, TAO, NEAR, and RNDR.