Nvidia (NVDA) news: rises 4% after earnings beat, lifting AI-related crypto stocks
Nvidia shares rose after its Q4 revenue significantly beat expectations, projecting strong future AI-driven growth.Summary
Nvidia, the world's largest public company by market value and AI bellwether, surpassed Wall Street expectations for the fourth quarter, reporting $68.1 billion in revenue, a 73% year-over-year increase, driven by sustained AI capital spending.
The company provided a strong outlook, expecting first-quarter revenue of around $78 billion, significantly higher than analyst estimates of $72.9 billion, signaling continued AI infrastructure buildout. Data Center revenue hit a record $62.3 billion.
Following the positive report, Nvidia's stock rose in post-market trading, and this sentiment lifted related assets, including Bitcoin, which held session highs, and AI-focused crypto tokens and miners like CIFR, IREN, and WULF, which saw modest gains.
(Source：CoinDesk)