The price of Bitcoin (BTC) reacted with a first upward movement after NVIDIA, the largest chips manufacturer for artificial intelligence (AI), presented on Wednesday, May 28, its quarterly financial balance and offered an optimistic projection for the next quarter.
Next, in the graphic provided by TrainingViewthese BTC movements are observed. The yellow line is the moment in which Nvidia’s novelties were known:
This bullish trend could be extended, although with high volatility in the short term Because many traders are taking profits or “selling the news.”
The presentation of results Nvidia was an event expected by markets this week. This company reported revenues of USD 44.1 billion in the first fiscal quarter, an year -on -year increase of 69%. In parallel, its benefit adjusted per share was USD 0.81, exceeding USD 0.75 forecasts.
As for the forecast for the second fiscal quarter – which ends in July – NVIDIA expects income of approximately USD 45,000 million. This figure includes a negative impact of USD 8,000 million for the restrictions imposed by the United States to international trade. In addition, the company revealed that USD 2.5 billion in products could not be sent in the first quarter due to these limitations.
Despite the brake on the Chinese market, the CEO of Nvidia, Jensen Huang, highlighted the global strength of demand: “Our Supercomputer of the Blackwell NVL72 is already in full production. The worldwide demand for the infrastructure of Nvidia is incredibly strong,” he said.
What does all this have to do with Bitcoin?
Bitcoin’s market no longer operates as an isolated entity: His behavior is increasingly correlated with that of great actions and global macroeconomic narrative.
In his early years, Bitcoin was an asset mostly oblivious to the dynamics of traditional financial markets. But today, with a market capitalization superior to the billion dollars that positions it among the 10 most valuable financial assets in the world, Its price is intimately intertwined with capital flows that move Wall Street.
That’s why, Events such as the presentation of Nvidia results —A of the world’s largest companies by stock value and a central actor in the rise of artificial intelligence – They also have the price of BTC.
Bitcoin, like the actions of high growth technological companies, is perceived by the market as an asset sensitive to events that affect the market, in general. An optimistic environment, marked by good corporate results, expectations of greater investment in technology or advances in disruptive sectors such as AI, also benefit BTC. On the contrary, negative news of great macroeconomic impact can drag Bitcoin to steep falls, even if they are not directly linked to the cryptocurrency ecosystem.
That’s why, Understand the situation of the technological sector and stock markets It is no longer something alien to those who follow the price of Bitcoin. On the contrary: It is an increasingly key piece of the puzzle that explains its movements.
Clarification: This article is written as an informative way, does not constitute an investment recommendation or financial council. Each investor is responsible for conducting their own research.
