Nvidia Earnings Could Trigger $270 Billion Market Swing, Bitcoin Traders Take Note
Nvidia (NVDA), the world’s largest company by market capitalization at $4.4 trillion, is set to report quarterly earnings after the U.S. market close on Wednesday. Options markets are pricing in a potential $270 billion move.
Historical data from Bitcoindata21 on X shows Nvidia earnings have often correlated with positive Bitcoin (BTC) performance. Since early 2023, during the current bull market, Bitcoin has climbed following Nvidia’s results in seven of the last ten quarters.
For the quarter, analysts expect adjusted earnings per share of $1.01 on revenue of $46.2 billion. According to The Kobeissi Letter, the options market is pricing a 6.1% post-earnings implied move—a figure that would mark the smallest expected swing since May 2023.
Nvidia shares have gained 30% year-to-date and 41% over the past 12 months, though they were slightly lower in early Wednesday trading ahead of the earnings report.
