Nvidia jumps after earnings beat and helps Bitcoin reclaim $90,000
Nvidia's strong earnings beat and raised guidance boosted risk sentiment, causing its stock to jump and Bitcoin to reclaim $90,000.Summary
Nvidia reported better-than-expected third-quarter results, with revenue reaching $57.0 billion against estimates of $55.2 billion, and provided strong fourth-quarter revenue guidance between $63.7 billion and $66.3 billion. This performance, which included data center revenue of $51.2 billion, caused Nvidia shares to rise 4% after the close and triggered a broader rally in risk assets. Following the positive news, Bitcoin rebounded to $90,000 after having briefly dropped below $89,000 earlier in the session. The renewed interest in high growth and high liquidity assets was attributed to traders reacting positively to Nvidia's profitable quarter and strong forward guidance, which also lifted major equity benchmarks like the S&P 500 and Nasdaq.
(Source：Crypto Briefing)