Nvidia Earnings Beat, $80B Buyback Lifts Mining Stocks
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- Nvidia reported first‑quarter revenue of $81.62 billion, up 85 % year‑over‑year and beating Wall Street estimates of $78.9 billion.
- Nvidia forecast current‑quarter revenue of roughly $91 billion, announced an $80 billion stock buyback and raised its quarterly dividend to $0.25 per share.
- Nvidia reorganized its reporting into Data Center and Edge Computing segments, with Data Center now accounting for more than 90 % of total revenue.
- Nvidia said its outlook excludes any Data Center compute revenue from China because of U.S. export restrictions.
- Core Scientific shares rose modestly in after‑hours trading as investors view the miner as a beneficiary of growing AI data‑center demand.
- Cipher Mining also posted a slight after‑hours gain, reflecting similar investor optimism toward AI‑linked mining exposure.
Why it matters: The earnings beat and $80 billion buyback directly increase shareholder value, while the rise in Core Scientific and Cipher Mining shares shows crypto miners benefit from AI data‑center demand; however, Nvidia’s share decline and its exclusion of China revenue underscore growth concerns.
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