Nvidia Earnings Surge, AI Demand Soars; Bitcoin Climbs Above $90K
Nvidia CEO Jensen Huang reported, “Blackwell sales are off the charts, and cloud GPUs are sold out,” highlighting the ongoing surge in AI-driven demand.
The chipmaker beat Wall Street expectations in its third quarter and delivered a strong outlook for the fourth quarter, easing fears of an AI bubble—at least temporarily. Nvidia posted revenue of $57.01 billion, up 62% from a year ago, as enterprises continue investing heavily in AI infrastructure.
“Compute demand is accelerating across both training and inference, each growing exponentially,” Huang added.
Following the announcement, Nvidia shares jumped 4% in after-hours trading.
Data Center Revenue Exceeds Forecasts
Data centers, Nvidia’s largest revenue source, generated $51.2 billion, surpassing analyst estimates of $49.34 billion. For the fourth quarter, the company projects revenue of $63.7-$66.3 billion, well above Wall Street’s $62 billion estimate.
Impact on Crypto and AI-Linked Stocks
The positive earnings report buoyed jittery crypto markets. Bitcoin (BTC) rebounded above $90,000 after falling near $88,000 earlier Wednesday. AI-focused crypto tokens also surged 4%-5%, including TAO, Near Protocol (NEAR), ICP, and RNDR.
Shares of bitcoin mining companies pivoting toward AI infrastructure also gained. Wednesday’s notable movers included IREN (+8%), Cipher Mining (CIFR) (+11%), and Hut 8 Mining (HUT) (+6%), after recent declines driven by broader tech and crypto selloffs.
Nvidia Solidifies Role in AI Supply Chain
Nvidia continues to cement its position as a cornerstone of the AI ecosystem. Its GPUs power data centers, train large language models, and support machine-learning workloads for top tech firms.
Investors will be closely watching a 5 p.m. ET conference call for insights into how Nvidia’s aggressive investments in AI infrastructure, software, and next-generation chips are translating into long-term revenue growth
About The Author
More Stories
According to Galaxy Digital’s research chief, Bitcoin faces a highly unpredictable 2026.
According to Fidelity’s Jurrien Timmer, 2026 could be underwhelming while Bitcoin’s four-year cycle remains intact.
BlackRock’s Bitcoin ETF attracts $25 billion over the year, defying the recent Bitcoin downturn.