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Luke Kawa11/3/25

Cipher Mining soars after revealing a $5.5 billion deal with Amazon to provide AI data center capacity and power

Cipher Mining is soaring in premarket trading amid another massive deal announced this morning between a bitcoin miner turned data center company and a hyperscaler.

Along with its Q3 results, CIFR revealed a $5.5 billion, 15-year pact with Amazon to provide capacity and power for AI workloads. Cipher will deliver 300 megawatts’ worth of capacity in two phases next year, and expects to begin collecting rent for this deal in August 2026.

This is Cipher’s “first direct lease with a Tier 1 hyperscaler,” CEO Tyler Page said, and comes a little over a month after the firm booked a 10-year hosting agreement with AI cloud platform company Fluidstack, with Google amassing a 5.4% equity stake in Cipher as part of the transaction.

As for those Q3 results, Cipher posted adjusted diluted earnings per share of $0.10, far better than the expected 5.4-cent loss, on revenues of $72 million, which were shy of the $76.5 million consensus estimate.

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Nvidia’s strong results, guidance lift AI ecosystem

Data center stocks Applied Digital, IREN, CoreWeave, and Nebius as well as foundry giant TSMC and optical communications company Corning are catching a bid in after-hours trading thanks to strong results and guidance from Nvidia.

The chip designer’s massive outlook for Q1 sales — with the midpoint at $78 billion, versus a consensus estimate of $72.8 billion — underscores the magnitude of the near-term demand for AI compute and chips. As if the hyperscalers’ massive capex budgets hadn’t already done that!

To be sure, the advances in these stocks in after-hours trading are fairly mild, since most had been on fire in recent sessions in anticipation of a strong quarter.

Nvidia rises after better than expected Q4 results, big upside surprise in Q1 sales guidance

Nvidia rises after better than expected Q4 results, big upside surprise in Q1 sales guidance

The chip designer’s massive outlook for Q1 sales — with the midpoint at $78 billion, versus a consensus estimate of $72.8 billion — underscores the magnitude of the near-term demand for AI compute and chips. As if the hyperscalers’ massive capex budgets hadn’t already done that!

To be sure, the advances in these stocks in after-hours trading are fairly mild, since most had been on fire in recent sessions in anticipation of a strong quarter.

Nvidia rises after better-than-expected Q4 results, big upside surprise in Q1 sales guidance

The chip designer delivered its 13th consecutive bottom-line beat and 14th on the top line.

Nvidia CEO Jensen Huang is happy

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Max Knoblauch5h

Joby posts smaller loss, larger cash pile than expected in Q4, says it expects US early operations to begin this year

Air taxi maker Joby Aviation reported its fourth-quarter earnings after the bell on Wednesday. Shares climbed more than 3% in after-hours trading.

The company posted a loss of $0.14 per share, beating estimates of a $0.20 loss.

Joby ended the fourth quarter with $1.41 billion in cash (and cash equivalents), compared to Wall Street expectations of $1.01 billion.

Investors have closely watched Joby’s progress with FAA certification, which will be the determining factor for launching commercial air taxi services in the US. As of the end of Q4, Joby said it is 80% complete with the fourth stage of its five-stage certification process, up from 77% in the third quarter. Joby is 12% complete with the fifth stage, up from 10% in Q3.

Earlier on Wednesday, Joby announced it plans to partner with Uber to offer air taxi rides on the ride-hailing app in Dubai later this year. The companies already partner on Blade helicopter rides.

Joby also said it expects US early operations to begin this year, with the White House’s eVTOL (electric vertical takeoff and landing) Integration Pilot Program “set to select at least five sites for mature eVTOL aircraft to begin operating ahead of Type Certification.”

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Matt Phillips5h

The Trade Desk plunges on weak Q1 sales guidance

Ad tech platform The Trade Desk offered weak Q1 sales guidance as part of its Q4 earnings numbers, sending the stock down sharply after-hours on Wednesday.

The advertising software company reported:

Adjusted Q4 earnings per share of $0.59 vs. the $0.58 consensus estimate, per FactSet.
Q4 revenue of $847 million vs. the $840.6 million expectation.
Q1 sales guidance of “at least” $678 million vs. Wall Street’s $688.6 million expectation.

The Trade Desk specializes in helping client advertisers shift their ads from traditional linear television toward online streaming services. And the shares posted some impressive gains at times, rising more than 400% over five years starting at the end of 2019.

But the company’s shares have cratered in recent years, in part because of a daunting competitive threat from Amazon’s demand-side advertising platform. Through Wednesday’s close, the stock was down roughly 80% from where it was trading at the end of 2024.

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Max Knoblauch5h

Paramount misses on earnings and revenue in its fourth-quarter report

Paramount Skydance reported underwhelming fourth-quarter earnings after the bell on Wednesday, in the midst of its attempt to win the Warner Bros. Discovery bidding war.

For the last three months of 2025, Paramount reported:

An adjusted loss of $0.12 per share, compared to Bloomberg estimates of $0.07 earnings per share.
Revenue of $8.1 billion, missing Wall Street’s expectations of $8.15 billion.

Looking ahead, the company expects Q1 revenue of between $7.15 billion and $7.35 billion, below the $7.39 billion Wall Street consensus estimate.

Earlier this week, Paramount hiked its offer for Warner Bros. to $31 per share. Warner’s board, which has rejected Paramount’s acquisition attempts several times in recent months, said it’s reviewing the new bid.

If WBD determines the Paramount deal to be a superior offer, Netflix will have four days to match it, beat it, or exit the process. Paramount shares have fallen 24% since it made its initial offer for WBD in December.

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