Earnings Season Spotlight: Nvidia Results Could Influence Bitcoin Market Moves

Nvidia Earnings Set to Move Markets, Bitcoin Traders Monitor Historical Correlation

Nvidia (NVDA), the world’s largest company by market cap at $4.4 trillion, is set to report quarterly earnings after the U.S. market close on Wednesday. The options market is bracing for a potential $270 billion swing in valuation.

Data from Bitcoindata21 on X shows a historical link between Nvidia results and Bitcoin (BTC) performance. Since early 2023, during the current bull market, Bitcoin has moved higher after Nvidia earnings in seven out of ten quarters.

Analysts expect Nvidia to post adjusted earnings per share of $1.01 on revenue of $46.2 billion for the quarter. Options markets are pricing in a 6.1% post-earnings implied move, translating to roughly $270 billion in market capitalization—a level that would mark the smallest expected swing since May 2023.

Shares of Nvidia are up 30% year-to-date and 41% over the past 12 months, though trading slightly lower early Wednesday ahead of the earnings report.