Nvidia has once again surprised the market. The company reported record quarterly revenue of $57.01 billion—almost $2 billion above Wall Street forecasts. The report also boosted sentiment in the crypto market: Bitcoin quickly rebounded above $91,000 after dropping below $89,000.
Strong results from Nvidia gave markets new momentum at a time when investors are increasingly talking about a possible ‘AI bubble’.
Nvidia confidently beats expectations
For the third fiscal quarter, Nvidia earned $1.30 per share on revenue of $57.01 billion. Analysts’ expectations were more modest—$1.26 profit and $55.2 billion in turnover.
The main reason remained the same: data centers and AI accelerators, whose revenue reached $51.2 billion. This is a huge jump and direct confirmation of growing demand for Blackwell architecture and cloud GPUs.
CEO Jensen Huang said demand for chips remains high, with many products completely sold out. The company forecasts $65 billion in revenue next quarter—above expectations, which were at $62 billion.
According to CFO Colette Kress, another growth factor is the expansion of the CUDA ecosystem, which increases equipment lifespan for clients and strengthens Nvidia’s position in AI infrastructure.
Nvidia shares hit new highs
Nvidia’s market capitalization exceeded $5 trillion, cementing the company as the most valuable in the world. Since the start of the year, shares have risen 37 percent, and over 12 months—25 percent. After the report, the stock jumped another 5 percent. The rally also supported other sector players, including AMD and Micron, who are also riding the wave of AI interest.
Bitcoin recovers amid improving sentiment
Bitcoin started the Asian session with a confident recovery. The price rose above $91,000 after a brief dip below $89,000. For the asset, this is a notable rebound after a 27 percent drop from the all-time high above $126,000 recorded six weeks ago.
Some analysts link Bitcoin’s decline to concerns about an overvalued AI sector. Major investors began taking profits: Peter Thiel sold a $100 million stake in Nvidia, SoftBank—$5.8 billion.
Regulators are also warning of risks: the Bank of England and IMF recently stated there are possible threats to financial stability due to excessive use of AI.
Nevertheless, Nvidia’s strong report has noticeably revived risk appetite, and Bitcoin is among the beneficiaries.
Correlation between crypto and stock markets is strengthening
The decline in cryptocurrencies in recent weeks has paralleled drops in major indices: S&P 500, Nikkei 225, Hang Seng, and Stoxx Europe 600. Amid Fed tightening and little hope for rapid rate cuts, both gold and digital assets are under pressure. Global crypto market capitalization has shrunk by more than $1 trillion in six weeks.
The market is gradually seeking balance: some analysts see current levels as a re-accumulation zone, where long-term investors buy on dips. Others warn of the risk of another correction phase due to weakening momentum and rising uncertainty.
What’s next?
Nvidia’s strong results have partially reassured investors and shown that demand for AI infrastructure remains robust. But the market is still weighing risks: expensive tech companies, high Fed rates, and a nervous macro backdrop.
In the coming weeks, it will become clear whether Nvidia’s report marks the start of a broader market recovery or remains an isolated exception amid complex global dynamics.
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