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By James Van Straten, AI Boost|Edited by Stephen Alpher
Aug 27, 2025, 2:39 p.m.
- Nvidia earnings have coincided with positive bitcoin price action in 7 of the last 10 quarters since early 2023.
- The options market is pricing in a 6.1% implied move, the smallest expected swing since May 2023.
The largest company in the world by market cap at $4.4 trilion, Nvidia (NVDA) reports earnings after the U.S. market close on Wednesday.
Data from Bitcoindata21 on X shows that Nvidia earnings have historically correlated with a positive Bitcoin’s performance. Over the last 10 earnings reports since early 2023, when the current bull market began, bitcoin has posted positive price action following Nvidia results in 7 out of 10 instances.
STORY CONTINUES BELOW
For the quarter, analysts expect Nvidia to report adjusted earnings per share of $1.01 on revenue of $46.2 billion.
According to The Kobeissi Letter, the options market is pricing in a 6.1% post-earnings implied move in Nvidia. That translates to a potential swing of roughly $270 billion in market capitalization. It sounds large, but this would be the smallest implied swing since May 2023.
Shares of Nvidia are up 30% year to date and 41% over the past year. It’s modestly lower in early Wednesday trading ahead of the quarterly results.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
James Van Straten is a Senior Analyst at CoinDesk, specializing in Bitcoin and its interplay with the macroeconomic environment. Previously, James worked as a Research Analyst at Saidler & Co., a Swiss hedge fund, where he developed expertise in on-chain analytics. His work focuses on monitoring flows to analyze Bitcoin’s role within the broader financial system.
In addition to his professional endeavors, James serves as an advisor to Coinsilium, a UK publicly traded company, where he provides guidance on their Bitcoin treasury strategy. He also holds investments in Bitcoin and Strategy (MSTR).
“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk’s AI Policy.
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What to know:
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- Hut 8 Tuesday announced 1.53 GW of new U.S. energy capacity under development, more than doubling its total to 2.55 GW, the report noted.
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