Financial markets remain tense ahead of Nvidia’s third-quarter earnings release. The report, scheduled for after the US market closes today (around 4:00 PM ET), has emerged as a determinant of global risk sentiment and could have an impact on the price of Bitcoin (BTC) as a side effect.
Expectations are concentrated on NVIDIA Due to its dominant position in the production of chips specialized in artificial intelligence (AI)this is a “barometer” of risk appetite in the technology sector. If the quarterly results do not meet the market’s high expectations, there could be a sell-off in the Nasdaq index, which could impact Bitcoin prices.
The consensus estimate for third-quarter revenue is $54.8 billion. But financial analysts say sales would need to reach at least $55 billion for the stock to react favorably. If it meets or falls below consensus, it is considered a slowdown and a price correction is likely to occur.
Market analyst Daniel Mbudi asserted that “NVIDIA is the key this week and that will be the basis for what happens in the market over the next few days.” Mabdi emphasizes that the company “maintains very high multiples and pretty much all the euphoria around artificial intelligence and the multi-million dollar deals that they have.”
It also warns against overestimating the panorama. “There are too many upside options near or above $200,” he said.
Risks of technology and Bitcoin market corrections
High evaluation of technology through AI narrative, If the results are not as expected, the market is subject to sudden corrections..
Muvdi emphasized that “any small mistake or small situation by NVIDIA that adversely affects its earnings could cause a brutal and very large decline in NVIDIA, which would lead to a significant decline in stock market indexes and, in turn, Bitcoin.”
A possible NVIDIA fix could have serious implications for Bitcoin. The analyst warned that “if artificial intelligence fails and the index falls by 20%, Bitcoin could fall by 40%.”
This risk scenario is consistent with recent weaknesses in digital assets. BTC has seen a significant decline since early October, dropping more than 25% from its October 2025 high of over $126,000. Yesterday, November 18th, Bitcoin falls below $90,000, hitting a seven-month lowerases all gains for the year, leaving the annual return at -2.10%.
Muvdi believes the correlation between digital assets and risk markets is undeniable. “Bitcoin is not a haven, it is going to fall, and it continues to fall along with the risk market.” In fact, Bitcoin is predicting further declines in the index. “I think he’s becoming a leader for what’s going to happen,” he says.
Bitcoin volatility and FED stance
However, this volatility is not entirely surprising. “Many AI stocks are priced much higher than expected because there’s too much money chasing too few stocks,” David Trainer of New Constructs told Bloomberg.
The trainer added that he believes “the stock market decline in November was a lull as the market adapted to a more realistic view of the world.”
In the digital asset sector, some analysts disagree with the idea of a crypto winter. Researcher Carmelo Aleman said the correction does not follow the general pattern of a long bearish cycle and is “an artificial decline, a forced decline.”
Analyst Jaime Merino echoed similar sentiments, telling CriptoNoticias, “The Bitcoin decline is not a crypto winter. What we are seeing is a correction within a larger bullish trend.”
While NVIDIA is attracting attention, the US Federal Reserve (FED) is also remains an important factor in market liquidity. By its next meeting on December 10th, there is a 48% chance that the Fed will decide to cut interest rates by 25 basis points, and a 51% chance that it will leave rates unchanged. NVIDIA’s results will not only impact stock indexes but also inject a new risk variable into the volatile Bitcoin market.
