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Bitcoin miners tied to AI rise as Nvidia posts big earnings beat and strong outlook

Bitcoin miners tied to AI rise as Nvidia posts big earnings beat and strong outlook

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Nvidia reported a significant increase in revenue driven by demand for AI infrastructure, leading to a positive outlook for the company. Despite this, Nvidia's stock fell slightly due to concerns about future growth amid rising competition. Bitcoin miners associated with AI and high-performance computing saw modest gains following Nvidia's earnings report.

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Original publisherCoinDesk
Canonical URLhttps://www.coindesk.com/markets/2026/05/20/bitcoin-miners-rise-as-nvidia-posts-blowout-earnings-and-strong-outlook
Publication timeWed, 20 May 2026 22:22:52 +0000
Retrieval time2026-05-20T22:35:03.084Z
Last seen2026-05-20T22:35:03.084Z
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ClustertKJr0tGW8Bw9 · 2 stories
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MarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailBitcoin miners tied to AI rise as Nvidia posts big earnings beat and strong outlookNvidia's stronger-than-expected results and bullish AI outlook lifted crypto mining stocks tied to data center and high-performance computing demand, even as the chipmaker's shares fell due to growth concerns. By Helene Braun, AI Boost|Edited by Aoyon Ashraf May 20, 2026, 10:22 p.m. 3 min readMake preferred on What to know: Nvidia reported first-quarter revenue of $81.62 billion, up 85 percent from a year earlier and above Wall Street expectations, as AI infrastructure demand continued to surge.Data Center now accounts for more than 90 percent of Nvidia’s revenue, prompting the company to reorganize its reporting into two segments:…

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