Bitcoin and other major cryptocurrencies showed brief volatility but remained mostly flat following Nvidia’s earnings report on Wednesday.

The chipmaker reported second-quarter revenue of $46.7 billion, a 56% increase year-over-year, exceeding analysts’ expectations and highlighting its central role in the ongoing AI boom. Demand for Nvidia’s high-performance processors remains strong, underscoring the company’s continued influence in AI and data center markets.

Despite the upbeat results, Nvidia shares fell 1.7% in after-hours trading. Some investors pointed to slightly softer-than-expected data center revenue of $41.1 billion, compared with estimates of $41.29 billion, as a possible factor.

Cryptocurrencies linked to AI and blockchain, including Internet Computer (ICP $5.12), NEAR Protocol, and Bittensor (TAO $334.82), showed little reaction, trading near pre-report levels. Bitcoin (BTC $112,904.98), ether (ETH), and XRP ($2.9950) experienced a quick dip following the news but retraced those losses, ending with roughly no net change.

Wall Street analysts are paying close attention to Nvidia’s commentary for signs that hyperscalers like Microsoft, Meta, and Amazon continue to ramp up chip orders. Updates on Nvidia’s development of advanced chips for China, where U.S. export restrictions limit sales, are also highly anticipated.

Nvidia will host its earnings call at 5 p.m. ET, during which executives will address analyst questions.