NVIDIA Earnings Released: Why Today’s Numbers Could Sway Tech and Crypto

Core Insights - NVIDIA reported Q3 fiscal earnings of $57 billion, surpassing Wall Street's expectation of $54.92 billion, with an EPS of $1.30, exceeding the anticipated $1.25 [1] - The company forecasts Q4 fiscal 2026 revenue to be around $65 billion, with gross margins expected at approximately 74.8% for GAAP and 75.0% for non-GAAP [2] Group 1: Earnings Performance - NVIDIA's Q3 earnings exceeded expectations, indicating strong performance amid cautious crypto market conditions [1] - The reported EPS also surpassed analyst forecasts, reflecting robust profitability [1] Group 2: Future Guidance - The company anticipates Q4 revenue of about $65 billion, signaling confidence in sustained AI-driven demand [2] - Expected GAAP operating expenses are projected at $6.7 billion, with a tax rate of 17%, further indicating a positive outlook for profitability [2] Group 3: Market Sensitivity - Equity indices are currently sensitive to trends in AI-hardware demand, which could impact tech-sector performance and cross-asset correlations [3] - A revenue mix indicating slower data-center orders could increase volatility across semiconductors, potentially affecting crypto markets [4] Group 4: Market Reactions - A stable earnings report could help stabilize equity futures and mitigate defensive rotations in digital assets [5] - Thin liquidity in crypto markets may lead to outsized moves in response to news, particularly during key U.S. timestamps [6] Group 5: ETF and Stablecoin Trends - Net outflows from Bitcoin ETFs on risk-off days have correlated with increased pressure in late sessions, while rising stablecoin supply has supported firmer spot settlements [8]