Nvidia’s $81.62 billion Q1 revenue and $91 billion guidance boosted crypto mining stocks tied to AI infrastructure demand.
Nvidia’s first-quarter revenue surged 85 percent year-over-year to $81.62 billion, exceeding Wall Street estimates of $78.9 billion. Adjusted earnings reached $1.87 per share, topping forecasts of $1.76. The chipmaker’s Data Center segment now drives over 90 percent of revenue, prompting a restructuring into Data Center and Edge Computing units.
The company guided current-quarter revenue to roughly $91 billion and announced an $80 billion stock buyback alongside a dividend increase. Nvidia’s outlook excludes Data Center compute revenue from China, despite strong global AI demand.
Shares of Bitcoin miners with AI exposure climbed, even as Nvidia’s stock dipped on growth concerns. The results underscored robust demand for high-performance computing and data center infrastructure.