🤖 Nvidia reports on Tuesday. Here's why crypto traders should care
🔹 Nvidia releases Q3 results on Tue, Nov 17. Analyst forecasts compiled by CMC Markets: revenue around 109B USD (up about 91%) and EPS around 2.47. Options imply a move of about 8–9% either way
🔹 It's the first report since Jensen Huang's sudden exit as CEO. CFO Colette Kress is interim CEO
🔹 Nvidia shares fell about 2% on Friday and about 12.75% this week
🔹 CoreWeave reports Tuesday after the US close (consensus EPS about 0.09). Nebius reports Thursday before the open
Why crypto cares:
🔹 On Friday (Nov 13) the Nasdaq fell 0.91% while Bitcoin dropped toward 67,000. AI stocks and crypto are both trading as "risk on" bets right now
🔹 A strong Nvidia number could lift tech sentiment. A miss, with the 10-year yield above 5.1%, could add pressure everywhere
Chip levels traders are watching (CMC Markets): resistance around 200, support around 150 and 140.
If Nvidia beats, does $BTC bounce with it? 👇
(Not financial advice)
📷 Photo: Laura Ockel / Unsplash
🔹 Nvidia releases Q3 results on Tue, Nov 17. Analyst forecasts compiled by CMC Markets: revenue around 109B USD (up about 91%) and EPS around 2.47. Options imply a move of about 8–9% either way
🔹 It's the first report since Jensen Huang's sudden exit as CEO. CFO Colette Kress is interim CEO
🔹 Nvidia shares fell about 2% on Friday and about 12.75% this week
🔹 CoreWeave reports Tuesday after the US close (consensus EPS about 0.09). Nebius reports Thursday before the open
Why crypto cares:
🔹 On Friday (Nov 13) the Nasdaq fell 0.91% while Bitcoin dropped toward 67,000. AI stocks and crypto are both trading as "risk on" bets right now
🔹 A strong Nvidia number could lift tech sentiment. A miss, with the 10-year yield above 5.1%, could add pressure everywhere
Chip levels traders are watching (CMC Markets): resistance around 200, support around 150 and 140.
If Nvidia beats, does $BTC bounce with it? 👇
(Not financial advice)
📷 Photo: Laura Ockel / Unsplash
