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Crypto

AI infrastructure investment to grow; expectations rise for AI coins on Nvidia tailwind

Nvidia’s market value surpassing $5 trillion is directly affecting the cryptocurrency market as expectations grow for AI-linked tokens. Traders are watching Nvidia’s performance and AI equipment investment trends as key variables for tokens such as Bittensor (TAO), Render (RNDR) and Fetch.ai (FET). Nvidia shares recently traded around $222 to $230 and hit a record close of $236.74 on May 14. Big tech firms are expected to invest $660 billion in AI infrastructure in 2026.

Industry

Nvidia posts $81.6 billion in first-quarter revenue as data centre growth drives results

Nvidia posted first-quarter revenue of $81.62 billion, extending its streak of record quarterly sales to 12. The figure rose 20 percent from the previous quarter and 85 percent from a year earlier, and beat an LSEG-compiled consensus estimate of $78.85 billion. Data centre revenue rose 92 percent to $75.2 billion, accounting for 92 percent of total sales. Adjusted EPS came in at $1.87. The company forecast $91 billion in second-quarter revenue, excluding China data centre sales.

AI & Enterprise

Nvidia makes first delivery of Vera CPU for AI agents, including SpaceX and OpenAI

Nvidia has supplied initial volumes of its first in-house CPU for AI agents, called Vera, to SpaceX. BeInCrypto reported Nvidia also delivered early Vera silicon directly to OpenAI, Anthropic and Oracle Cloud. The company described Vera as its first processor marking an expansion of its GPU-led AI infrastructure business into CPUs. Vera includes 88 Olympus cores and supports up to 1.2 TB/s memory bandwidth, Nvidia said.