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.
Kazakhstan is considering allocating a portion of its gold and foreign currency reserves, along with National Fund assets, into crypto-related investments.
Grayscale Investments announced today that it has confidentially submitted a draft registration statement on Form S-1 to the U.S.
In the volatile world of cryptocurrency, investor psychology is one of the most powerful forces behind price movement.
Bank of England Governor Andrew Bailey has voiced strong concerns about the rising push for stablecoin adoption, calling on banks to steer clear of issuing their own digital currencies.