Nvidia reported strong financial results for the first quarter of 2026 for the period ended April 27, 2025, which led to a 4.8% increase in its shares in after-hours trading.
The chipmaker reported revenue of $44.1 billion, up 69% year-on-year, and net income of $18.7 billion, up 26% from last year.
The data center division led the way with $39.1 billion, or 88% of total revenue. Gross margin was 61%, but would have reached 71.3% had it not been for $4.5 billion in expenses related to restrictions on exports of H20 products to China. This also reduced earnings per share from the forecast $0.96 to $0.81.
CEO Jensen Huang said global demand for artificial intelligence infrastructure is accelerating, with AI token generation increasing tenfold in a year. He compared AI computing to vital infrastructure comparable to electricity or the internet.
The news had little effect on AI tokens. The sector’s market capitalization rose only 0.6%, according to CoinGecko. NEAR and FET rose more than 5%, while GRASS fell 5.7%.
The cautious reaction follows a broader cooling off after Nvidia’s key announcement at GTC earlier this year.
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Bitcoin-focused investment firm Strategy Inc. (formerly MicroStrategy) is facing mounting legal pressure as at least five law firms have filed class-action lawsuits over the company’s $6 billion in unrealized Bitcoin losses.
Digital banking platform SoFi Technologies is making a strong return to the cryptocurrency space, relaunching its crypto trading and blockchain services after stepping away from the sector in late 2023.
Digital assets are gaining ground in corporate finance strategies, as more publicly traded companies embrace cryptocurrencies for treasury diversification.