Artificial intelligence (AI) and high performance computing (HPC) stocks soared in pre-market trading after Nvidia (NVDA) beat third-quarter results and reported strong fourth-quarter guidance.
The increased expectations helped calm recent market turmoil caused by lagging U.S. jobs data, fading expectations for interest rate cuts and Bitcoin’s 30% drop from its all-time high.
AI/HPC Bitcoin miners are the biggest beneficiaries of this impressive return.
IREN (IREN) is up over 8% to around $50, Cipher Mining (CIFR) is up over 11% to over $16, and Hive Digital (HIVE) is up over 6% to $3.28. Broader tech stocks also rose, with Invesco QQQ up more than 1.5% to $610 and Nvidia (NVDA) up more than 5%. Strength in tech stocks supported the DXY index, which rose above 100 for the first time since November 5th.
NAKA 3rd quarter earnings
Additionally, Kindly MD (NAKA) reported third-quarter earnings after initially postponing earnings. Revenue from the company’s medical business was $400,000, down from $600,000 in the third quarter of 2024.
NAKA recorded a net loss of $86 million in the third quarter of 2025 due to non-cash charges from the Nakamoto merger and unrealized Bitcoin losses.
As of September 30th, NAKA reported $24,185 in cash on hand and held 5,765 BTC at an average price of $118,204.
The company has deployed 367 BTC in investments such as Metaplanet (3350), and as of November 12, 5,398 BTC remains in the treasury. It also holds $203 million in convertible debt. NAKA is trading at 0.916 times mNAV and the stock is trading at $0.54, little changed from pre-market.
