The financial markets remain in suspense before the imminent publication of the third quarter results of the company Nvidia. The report, scheduled for today after the US market closes (at approximately 4:00 pm ET), is emerging as a determining factor for global risk sentiment, with the potential to impact – as a collateral effect – the price of bitcoin (BTC).
The expectation focuses on NVIDIA due to its dominant position in the manufacturing of specialized chips for Artificial Intelligence (AI)which makes it the “barometer” of risk appetite in the technology sector. A quarterly result that does not meet the market’s high projections could trigger a wave of selling in the Nasdaq index, impacting the price of bitcoin.
There is a consensus revenue estimate for the third quarter that is situated at 54.8 billion dollars. However, for the shares to react favorably, it would be required—according to financial analysts—that revenues reach at least $55 billion. If they only meet or fall below consensus, it will be perceived as a slowdown and a price correction is likely.
Market analyst Daniel Muvdi assured that “the key of the week is Nvidia and it will be fundamental for what happens in the market in the coming days.” Muvdi emphasizes that the company “is at very high multiples and is maintaining almost all the euphoria about artificial intelligence and the million-dollar contracts they are making.”
It also warns about a panorama of overvaluation. “There are an excessive number of upside options near $200 or beyond,” he noted.
The risk of a correction in the technology and bitcoin market
The high valuation of technology, driven by the AI narrative, exposes the market to an abrupt correction if the results are not as expected.
Muvdi is emphatic in pointing out that “any small error, any small situation that NVIDIA gives to its earnings negatively could generate a brutal, very strong fall in NVIDIA, and that would enormously drag down the stock market indices and, consequently, bitcoin.”
The implications of a potential NVIDIA correction could be severe for bitcoin. The analyst warns that if there is “a breakdown in artificial intelligence, and the indices fall 20%, bitcoin could fall 40%.”
This risk scenario coincides with the recent weakness of the digital asset. BTC has seen a significant drop since the beginning of October, losing more than 25% from its October 2025 high above $126,000. Yesterday, November 18, bitcoin hit a seven-month low below $90,000erasing all its gains for the year and leaving its annual return at -2.10%.
Muvdi considers that the correlation between the digital asset and risk markets is undeniable: «Bitcoin is not a refuge and it is going to fall, it has been falling with the risk market. In fact, bitcoin is anticipating a sharper drop in the indices. “I think he is being the leader of what can come,” he says.
Bitcoin volatility and the FED’s stance
However, this volatility is not a total surprise. David Trainer from New Constructs explained Bloomberg that “there is too much money chasing too few stocks, and many AI stocks are priced far above expectations.”
Trainer added that they consider that “the stock market decline in November was a pause, as the market is adapting 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 Alemán points out that the correction “is an artificial fall, a forced fall,” as it does not comply with the common patterns of a prolonged bearish cycle.
Along the same lines, analyst Jaime Merino told CriptoNoticias that “the fall of bitcoin is not a crypto winter. What we are seeing is a correction within a much larger bullish trend.
While attention focuses on NVIDIA, the United States Federal Reserve (FED) remains a key factor in market liquidity. For your next meeting on December 10, there is a probability 48% expect the FED to decide to apply a rate cut of 25 basis points, while 51% expect it to keep the rate unchanged. NVIDIA’s result will not only impact stock indices, but will also inject a new risk variable into the volatile bitcoin market.