Nvidia Q1 Revenue Hits $81.62B, Crypto Miners Rally as AI Capex Outlook Lifts Data Center Bets

NVDA News

Nvidia delivered another record quarter, posting fiscal Q1 revenue of $81.62 billion against Wall Street consensus near $79.19 billion and adjusted earnings per share of $1.87. Data center revenue, the engine of the artificial intelligence buildout, reached $75.2 billion and outpaced estimates of $73.48 billion. Forward guidance came in equally strong, with management projecting second-quarter revenue between $89.18 billion and $92.82 billion, well above the Street's $87.36 billion target. The results reinforced Nvidia's grip on AI infrastructure spend, signaling that hyperscalers remain committed to aggressive capex through the back half of the year despite broader macro pressure.

Heading into the print, Bitcoin failed to reclaim $78,000 as US trading desks took risk off the table. The flagship altcoin tagged $77,678 on Bitstamp before sellers stepped in, mirroring a 1.3% intraday slide in the S&P 500. The Coinbase Premium Index, which compares Coinbase BTC/USD pricing to Binance BTC/USDT, fell to its lowest reading since February near -$66.80, signaling soft US spot demand. On-chain analytics flagged the gap as evidence that domestic exchange flows are weakening even as offshore venues hold steadier bids through the macro uncertainty.

Crypto majors traded in a tight band through the European session as traders awaited both the FOMC minutes and the chipmaker's results. Bitcoin held a narrow $77,000 corridor for a third consecutive day, down roughly 4% on the week, while Nasdaq futures clawed back small gains after three negative sessions. The April Fed minutes carried added weight given four dissents on the committee, including a call from Stephen Miran for rate cuts and three members pushing back on easing language. Resurgent inflation and stronger-than-expected growth data have since forced bond traders to reprice the curve, tightening conditions for risk assets.

Overnight, sentiment flipped decisively risk-on as oil pulled back sharply, with WTI down 2.1% to $101.72 and Brent off 2.2% to $104.30. Bitcoin reclaimed $77,400 while ETH ticked up to $2,128 and SOL traded near $84. HYPE led majors with a 5% advance to $49.80, extending a seven-day rally above 27% on the back of Hyperliquid volume records and a Coinbase/USDC integration. Polymarket and Nasdaq announced a partnership opening private-company prediction markets to retail, while Truth Social withdrew its spot Bitcoin ETF filing and ZEC spiked to $585 after the SEC closed its investigation.

Bitcoin mining stocks tied to high-performance computing caught a bid after Nvidia's print, even as NVDA shares slipped roughly 1.5% on growth concerns and competitive worries in the AI chip market. Core Scientific and Cipher Mining each edged higher in after-hours trade as investors priced in continued demand for data center capacity, power infrastructure, and AI compute. IREN gave back early gains to trade about 1% lower. Hyperscalers contributed more than half of Nvidia's $75 billion data center revenue, with that cohort alone generating roughly $38 billion, up 12% sequentially. The board also authorized an additional $80 billion buyback and lifted the quarterly dividend to 25 cents from one cent.

The setup heading into the print had been priced for perfection, with NVDA closing Tuesday at $220.61 after rallying from $165 in late March and tagging $235 last week. A JPMorgan-distributed buyside survey pegged revenue near $80.97 billion against a Street figure of $78.6 billion and official guidance of $78 billion. Forward whispers ran hotter, with buyside desks pencilling in $89.71 billion for the July quarter and $9.42 in full-year FY27 EPS. Jim Cramer warned of the familiar post-earnings choreography — a 10-12 minute pop followed by a relentless fade — cautioning that options markets had already priced an 8-10% move and positioning unwinds tend to overpower fundamental beats in this name.

NVDA trades around $220.50 with a 24-hour change of -0.53% on $152.6 million in volume, holding a sideways structure after the print. With RSI and MACD readings unavailable and no defined support or resistance bands plotted, traders are leaning on prior swing references: the $235 all-time high caps the upside while the late-March $165 base anchors the downside. Sustained acceptance above $230 would re-open the path to fresh highs and reinforce the AI capex thesis, while a daily close back below $200 would invalidate the post-earnings continuation and risk a deeper retest. A break under $165 would mark a confirmed bear market structure, while continued bull market follow-through requires hyperscaler order momentum to hold through the next guide. Position sizing should respect the implied 8-10% post-earnings range; avoid FOMO chasing on the initial spike Cramer flagged.