Nvidia rescues Bitcoin after blockbuster earnings

• StockStory Top Pick NVDA -3.15%
• BTC-USD -10.81%

Bitcoin bounced back above $90,000 on Wednesday after Nvidia delivered another set of blowout quarterly results at 4:30 PM ET, easing slight pressure across risk assets following a week of heavy selling in crypto and tech stocks.

The AI-chip giant reported fiscal third-quarter earnings that smashed Wall Street expectations, with revenue hitting $57.01 billion versus the $54.92 billion analysts expected, and adjusted earnings per share of $1.30, beating the $1.25 consensus. Nvidia shares rose more than 3% after the announcement.

Nvidia also projected about $65 billion in revenue for the current quarter — far above the roughly $61.66 billion analysts forecast — signaling the AI boom is nowhere near slowing. Net income for the quarter surged to $31.91 billion, a 65% jump from last year.

Related: Bitcoin, XRP crash as markets react to missing Jobs report

The company, now the world’s most valuable public firm, continues to ride insatiable demand for its GPUs, which power nearly every leading AI model from Microsoft, Amazon, Google, Oracle and Meta. Nvidia’s performance is widely viewed as a bellwether for the health of the global AI cycle — and by extension, broader tech and digital-asset risk sentiment.

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Bitcoin rebounds as crypto shakes off earlier slump

The strong report sent a wave of relief through crypto markets, which had been reeling from a 24-hour drawdown triggered by rate-cut uncertainty and missing U.S. jobs data. Within hours of Nvidia’s results, Bitcoin climbed 1% to $90,042, paring losses from the previous day, within minutes of NVDA's blockbuster earnings.

Ethereum rose to $2,968 (+1.8%), Solana gained 2.1%, and XRP jumped 2.3%. Across the top 10 coins, nearly everything flipped green on the one-hour chart, even as most assets remain lower over the 24-hour period.

U.S. equities also staged a rebound. The S&P 500 rose 0.38%, the Nasdaq Composite added 0.59%, and the Dow Jones Industrial Average climbed 47 points. Alphabet jumped 3% to fresh all-time highs amid enthusiasm over Gemini 3, its new AI model.

Nvidia itself gained roughly 3% ahead of the earnings call and extended gains afterward.

Why Nvidia matters so much to Bitcoin

Nvidia’s results have become a macro event for digital assets:

• Strong GPU demand signals continued investment in AI infrastructure — a long-term bullish signal for risk markets.

• Nvidia now contributes heavily to S&P 500 earnings growth, influencing broad liquidity conditions.

• Crypto traders increasingly treat Nvidia as a proxy for risk sentiment, positioning into AI-driven rallies.

If AI infrastructure spending continues at this pace, analysts say Nvidia could remain one of the most important non-crypto catalysts for Bitcoin and Ethereum heading into 2026.

Bitcoin behaves more like a tech stock than digital gold, says analyst

Bitcoin continues to trade like a high-beta tech stock rather than the “digital gold” many of its supporters claim it to be, according to analyst Jesse Colombo.

"With a 92% correlation to the Nasdaq, Bitcoin acts as a leveraged play on tech stocks. That’s a serious problem because the tech sector is in a massive bubble that will burst, and when it does, it will take Bitcoin down with it," Colombo said.

This story was originally reported by TheStreet on Nov 19, 2025, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.