Bitcoin miners tied to AI rise as Nvidia posts big earnings beat and strong outlook
Key takeaways
- By Helene Braun, AI Boost|Edited by Aoyon Ashraf May 20, 2026, 10:22 p.m.
- The chipmaker reported first-quarter revenue of $81.62 billion, up 85% from $44.06 billion a year earlier and above Wall Street estimates of $78.9 billion, according to FactSet data.
- Meanwhile, the company also moved to return more cash to shareholders.
By Helene Braun, AI Boost|Edited by Aoyon Ashraf May 20, 2026, 10:22 p.m. 3 min read Make preferred on What to know: Nvidia reported first-quarter revenue of $81.62 billion, up 85 percent from a year earlier and above Wall Street expectations, as AI infrastructure demand continued to surge.Data Center now accounts for more than 90 percent of Nvidia’s revenue, prompting the company to reorganize its reporting into two segments: Data Center and Edge Computing.Nvidia forecast roughly $91 billion in revenue for the current quarter, announced an $80 billion stock buyback and a sharply higher dividend, and said its outlook excludes any Data Center compute revenue from China.Nvidia (NVDA) posted another blockbuster quarter on Wednesday, as demand for artificial intelligence infrastructure pushed revenue, profit and cash flow to record levels.
The chipmaker reported first-quarter revenue of $81.62 billion, up 85% from $44.06 billion a year earlier and above Wall Street estimates of $78.9 billion, according to FactSet data. Adjusted earnings came in at $1.87 per share, beating analyst expectations of $1.76 per share. The company also gave stronger-than-expected guidance for the current quarter, forecasting revenue of roughly $91 billion.
Meanwhile, the company also moved to return more cash to shareholders. Nvidia’s board authorized an additional $80 billion in stock buybacks and raised the quarterly dividend to 25 cents per share from 1 cent previously.