Live markets: Nvidia earnings beat Wall Street's expectations
SkimNews Take
Nvidia's strong performance, while boosting broader markets, paradoxically redirected capital away from cryptocurrencies, suggesting that even a rising tide can create localized ebbs in speculative assets as investors chase perceived higher-growth opportunities.
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- Nvidia posted Q1 revenue of $81.6 billion and adjusted EPS of $1.87, beating Wall Street expectations.
- Nvidia shares rose about 1 % after hours despite volatility, ending Wednesday higher.
- CFO Colette Kress said record data‑center revenue was driven by the ramp of Blackwell 300 products and demand for InfiniBand, Spectrum‑X Ethernet, and NVLink solutions.
- Blackwell architecture products now generate the majority of Nvidia’s revenue, with the firm securing extra inventory and supply commitments for the next several quarters.
- Investors focused on demand for next‑gen Blackwell chips, upcoming Rubin product, hyperscaler AI spending, and expansion of AI beyond training into inference and enterprise use.
Why it matters: Nvidia’s stronger‑than‑expected earnings boost shareholder value and validate Blackwell‑chip demand, while the AI‑driven rally lifts broader equity markets and depresses Bitcoin significantly, hurting crypto investors.
