Nvidia delivered better-than-expected Q3 results late Wednesday, triggering a positive reaction across both tech and crypto markets. The chipmaker reported $57.01 billion in revenue and earnings per share of $1.30, beating analyst estimates on both metrics. The company also issued a strong Q4 forecast, projecting $65 billion in revenue, driven by surging demand for its Blackwell AI chips.
Following the report, Nvidia stock rose over 4%, with CEO Jensen Huang describing the current demand as “off the charts” and saying the AI ecosystem is expanding “across more industries, and in more countries”.
Crypto Market Reacts Quickly
Bitcoin rose over 1.5% within an hour of the earnings release, pushing back above $90,000 after dipping below $89K earlier in the day. Ethereum, Solana, and XRP also posted quick gains of over 2% in the same timeframe.
The rebound follows a week of cautious sentiment, with the Fear & Greed Index stuck in “Extreme Fear” territory. Today’s gains may ease some of that pressure, though overall momentum remains fragile.
Read also: How To Use Crypto Fear and Greed Index To Your Advantage?
Outlook Still Tied to Broader Market Moves
Crypto remains closely linked to tech sector sentiment. Nvidia’s strong results provide short-term support, especially as AI-related optimism continues to influence broader markets. However, traders are still monitoring macroeconomic signals, especially interest rate expectations and global policy risks, which could affect investor appetite for risk assets.
For now, crypto markets appear to be stabilizing – helped in part by Nvidia’s earnings surprise and renewed investor interest in growth sectors.
