Nvidia Earnings Outperformance Seen as Catalyst for AI-Themed Tokens

Nvidia Posts 69% Revenue Growth in Q1, Shares Jump After Earnings Beat

Nvidia (NVDA) surged nearly 4% in after-hours trading Wednesday following an impressive first-quarter earnings report that beat expectations.

The tech giant reported a 69% increase in revenue compared to the same quarter last year, fueled by a 73% year-over-year rise in its data center business, a core segment driving AI development. Net income climbed 26% to $18.8 billion.

This strong showing helped Nvidia’s stock secure a modest year-to-date gain and approximately 20% growth over the past 12 months.

AI-related cryptocurrencies such as Bittensor, NEAR Protocol (NEAR), and Internet Computer (ICP) ticked up slightly following Nvidia’s earnings news, though they ended the day lower overall. The company’s robust data center growth highlights the ongoing surge in demand for AI technology.

Looking forward, Nvidia warned that second-quarter revenue could fall short of market forecasts due to tariff-driven trade challenges between the U.S. and China.