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Nvidia’s Strong Q3 Earnings Boost AI Cloud Providers CoreWeave, Nebius, and IREN

Nvidia’s Strong Q3 Earnings Boost AI Cloud Providers CoreWeave, Nebius, and IREN

Author:

Global Cryptocurrency

Published:

2025-11-20 14:33:02

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Nvidia’s blockbuster third-quarter earnings report has reignited investor confidence in AI-focused cloud providers. The chipmaker’s revenue surged 60% year-over-year to $57 billion, surpassing Wall Street expectations. CEO Jensen Huang dismissed concerns of an AI bubble, calling the demand "real"—a sentiment that propelled Asian tech stocks and lifted shares of CoreWeave, Nebius, and IREN after recent declines.

CoreWeave (CRWV) rebounded 8% to $80.70 after a 21% drop earlier this week. Nebius (NBIS) and IREN (IREN) also saw gains, though Nebius remains down over the past week. The rally underscores the symbiotic relationship between Nvidia’s hardware dominance and the infrastructure providers enabling AI deployment.

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