NVIDIA's revenue surged by 56%, why are AI tokens still unmoved?

Chip giant NVIDIA announced impressive second-quarter financial results, with revenue increasing 56% year-over-year to $46.74 billion, further solidifying its dominance in the global artificial intelligence field. However, surprisingly, despite the financial data exceeding market expectations, the artificial intelligence (AI) Token zone barely reacted, with price fluctuations only between -3% and +1%.

NVIDIA Financial Report Highlights: AI Industry Size Estimated to Reach 4 Trillion Dollars

Revenue: 46.74 billion USD, a year-on-year increase of 56%

Adjusted EPS: 1.05 USD, year-on-year increase of 54%

Market Outlook: CEO Jensen Huang predicted during the earnings call that the global AI infrastructure scale will reach 3 trillion to 4 trillion dollars in the next five years.

Opportunities in the Chinese Market: Despite excluding Chinese sales in the third quarter forecast, Jensen Huang still believes that the Chinese market represents a significant opportunity worth $50 billion.

This financial report again highlights NVIDIA’s core position in the AI chip and infrastructure sector.

Stock prices and AI Token market reaction: both cool down

(Source: Trading View)

Despite the impressive financial report data, NVDA’s stock price still dropped over 3% in after-hours trading, indicating a profit-taking sentiment in the market following high expectations.

Meanwhile, the AI Token market is responding lukewarm:

1、Bittensor (TAO)

2、Near Protocol (NEAR)

3、Internet Computer (ICP)

4、Render (RNDR)

5. Artificial Superintelligence Alliance (FET)

The prices of these top AI Tokens have fluctuated only between -3% and +1% in the past 24 hours, without any upward trend corresponding to NVIDIA’s financial report.

Investor Sentiment and Market Observation

NVIDIA’s financial report is often seen as an important barometer of the health of the AI industry, theoretically able to boost crypto assets related to the AI concept. However, this time the “indifferent” reaction of AI tokens may reflect:

The market has already priced in the good news: NVIDIA’s strong performance was anticipated by investors even before the earnings report.

Increased Independence of the Crypto Market: AI Token prices are more influenced by internal capital flows and technical factors within the crypto market.

Short-term capital wait-and-see: Investors are awaiting more direct news on the implementation of AI blockchain applications.

Conclusion

NVIDIA’s revenue in the second quarter has grown significantly, indicating that the AI industry is continuing to expand, but this positive news has not immediately transmitted to the AI Token market. In the short term, AI Tokens may continue to fluctuate with the overall sentiment of the cryptocurrency market, rather than being solely driven by the financial reports of traditional tech giants. For investors, observing the actual progress of AI blockchain applications may provide a better basis for judging long-term trends than individual financial report data.