Nvidia Surges on Earnings Beat, Lifts AI-Focused Crypto Stocks
Nvidia reported $68 billion in revenue for the last quarter and guided to roughly $78 billion for the coming quarter, beating analyst forecasts and prompting a strong rally in its shares. Investors cheered the confirmation that enterprise demand for AI chips and cloud compute remains robust, and the company’s bullish outlook pushed broader market confidence in the AI hardware cycle. The jump in equity prices also boosted sentiment among AI-focused crypto projects—particularly tokenized compute platforms and marketplaces that rely on GPU capacity for model training. Traders bid up related tokens as flows chased AI exposure beyond traditional equities. The move underscores how hardware-driven AI growth can spill into crypto markets, but investors should note this is sentiment-driven and remains sensitive to Nvidia execution, macro conditions, and evolving on-chain demand for compute services.