Bitcoin miners tied to AI rise as Nvidia posts big earnings beat and strong outlook
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.
- ▪Nvidia's first-quarter revenue reached $81.62 billion, an 85% increase from the previous year.
- ▪The company forecasted approximately $91 billion in revenue for the current quarter and announced an $80 billion stock buyback.
- ▪Bitcoin miners like Core Scientific and Cipher Mining experienced slight increases in their stock prices after Nvidia's report.
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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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