After NVIDIA (NVDA) beat third-quarter earnings and issued a strong fourth-quarter outlook, stocks related to artificial intelligence (AI) and high-performance computing (HPC) have soared in premarket trading.
The beating of expectations helped calm recent market jitters sparked by delays in U.S. jobs data, fading rate cut expectations and a 30% pullback in bitcoin from its all-time high.
AI/HPC bitcoin miners have been the biggest beneficiaries of the stellar profit surge.
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. Technology in general has also recovered, with Invesco QQQ up more than 1.5% to $610 and NVIDIA (NVDA) up more than 5%. The strength in technology is supporting the DXY index, which is back above 100 for the first time since November 5.
NAKA Third Quarter Earnings
Additionally, Kindly MD (NAKA) reported third-quarter earnings 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 posted a net loss of $86 million in the third quarter of 2025, driven by non-cash charges arising from the Nakamoto merger and unrealized bitcoin losses.
As of September 30, NAKA reported $24,185 in cash on hand and holds 5,765 BTC at an average price of $118,204.
The company has deployed 367 BTC for investments, including Metaplanet (3,350), leaving 5,398 BTC in treasury 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 from pre-market.
