After NVIDIA (NVDA) topped its third-quarter earnings and issued a strong fourth-quarter outlook, artificial intelligence (AI) and high-performance computing (HPC)-related stocks surged in premarket trading.
The beat on expectations helped ease recent market jitters caused by delays in U.S. jobs data, dwindling expectations for rate cuts and a 30% decline in bitcoin from its all-time high.
AI/HPC bitcoin miners were the biggest beneficiaries of the strong earnings performance.
IREN (IREN) is up over 8% to around $50, Cipher Mining (CIFR) is up 11% to over $16, and Hive Digital (HIVE) is up over 6% to $3.28. Broader technology also rebounded, with Invesco QQQ up more than 1.5% to $610 and NVIDIA (NVDA) up more than 5%. The strength of the technology sector supports the DXY index, which returns above 100 for the first time since November 5.
NAKA Third Quarter Results
Additionally, Kindly MD (NAKA) reported its third quarter results after initially delaying results. The company reported revenue of $0.4 million for its medical business, up from $0.6 million in the third quarter of 2024.
NAKA reported a net loss of $86 million in the third quarter of 2025, due to non-cash charges related to the Nakamoto merger and unrealized Bitcoin losses.
As of September 30, NAKA reported $24,185 in cash and held 5,765 BTC at an average price of $118,204.
The company deployed 367 BTC for investments, notably in Metaplanet (3,350), leaving 5,398 BTC in cash as of November 12; it also carries $203 million in convertible notes. NAKA trades at 0.916 times mNAV, with shares at $0.54, little changed pre-market.
