Bitcoin Updates: Doubts About AI Fade as Nvidia's Results Drive Bitcoin Rally

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Bitcoin Updates: Doubts About AI Fade as Nvidia's Results Drive Bitcoin Rally

Bitget-RWA2025/11/19 22:02

By:Bitget-RWA

- Nvidia's Q3 revenue surged to $57B, surpassing estimates, boosting Bitcoin and market sentiment as AI skepticism waned. - Data center revenue hit $51.2B, driven by AI demand, with Q4 guidance of $63.7B-$66.3B exceeding forecasts. - Bitcoin rebounded to $93,700, outpacing equities, but weak institutional demand highlighted retail-driven momentum. - Long-term risks persist with Google’s TPUs, AMD/Intel competition, and Fed policy uncertainty ahead of December meeting.

Nvidia Corp. (NVDA) experienced a sharp rise after posting third-quarter earnings that exceeded expectations, boosting

Bitcoin

and improving overall market sentiment as doubts about the AI surge momentarily faded. The company's shares climbed 4% in after-hours trading after announcing $57 billion in revenue,

beating projections of $55.2 billion

and representing a 62% increase compared to the previous year. Revenue from data centers alone reached a record $51.2 billion,

fueled by heightened demand for AI infrastructure

. These strong results supported Bitcoin’s recovery, with the digital asset regaining the $90,000 mark after dipping below it earlier in the session

as reported by market sources

The financial report, released on November 19, featured optimistic guidance for the fourth quarter,

forecasting between $63.7 billion and $66.3 billion

— well above the $62.1 billion anticipated by analysts. Adjusted earnings per share hit $1.30,

surpassing estimates by $0.04

. Nvidia’s CFO credited the company’s momentum to “three major platform shifts: accelerated computing, advanced AI models, and agentic applications”

as noted by Barrons

. The firm also emphasized its leadership in large-scale AI clusters, with three new chip lines (Blackwell, Blackwell Ultra, and Vera Rubin)

set to debut by mid-2026

The upswing in risk assets followed several weeks of turbulence, driven by skepticism in the AI sector and broader economic uncertainty. Investors had been preparing for a possible downturn after prominent short positions against

Nvidia

including hedge fund manager Michael Burry’s bet

and SoftBank’s $5.8 billion divestment. The Federal Reserve’s cautious approach to rate reductions,

along with a 43-day government shutdown

, which postponed crucial economic reports, also weighed on sentiment. Nevertheless, Nvidia’s performance reassured investors that AI demand remains robust,

even as competitors like Google and Amazon work on their own solutions

Bitcoin Updates: Doubts About AI Fade as Nvidia's Results Drive Bitcoin Rally image 0

Nvidia’s latest results further cemented its position as a leader in AI infrastructure, especially within data center operations. This achievement not only reflects the company’s technological progress but also highlights the rising significance of AI-powered solutions across various sectors

according to the WSJ

. Nvidia’s strategic emphasis on AI, together with the introduction of new chip generations,

points to a sustained competitive edge

in the fast-changing world of computing.

Bitcoin’s rally echoed the rebound in tech stocks, with blockchain data indicating speculative buying ahead of Nvidia’s earnings announcement. The cryptocurrency’s 4% surge to $93,700 briefly outperformed U.S. stocks, as the Nasdaq 100 fell 1.5% on Tuesday

as reported by Barrons

. However, analysts observed that institutional interest remained subdued, as shown by the Coinbase premium dropping to -$114, signaling that retail investors were driving the momentum

according to Cointelegraph

While short-term optimism is apparent, longer-term hurdles persist. Google’s Tensor Processing Units (TPUs) are gaining ground,

especially for inference tasks

, and both AMD and Intel continue to challenge Nvidia’s market dominance. Analysts at Bank of America recognized seasonal worries about cloud spending but highlighted Nvidia’s “demonstrated full-stack execution” as a significant advantage

as stated by Yahoo Finance

. Meanwhile, the Federal Reserve’s December meeting and the delayed release of September employment data could bring renewed market swings

according to Seeking Alpha

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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