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Nvidia Earnings Loom Large, With Bitcoin Traders Eyeying Correlation

The options market is braced for a $270 billion swing as Nvidia results approach.

By James Van Straten, AI Boost|Edited by Stephen Alpher
Aug 27, 2025, 2:39 p.m. 1 min read
Nvidia CEO Jensen Huang (Nvidia)

What to know:

  • 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.


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.

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AI 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.

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