The largest company in the world with market capitalization at $ 4.4 Trilion, Nvidia (NVDA) Informs profits after the closing of the US market on Wednesday.
Bitcoindata21 data shows that NVIDIA profits have historically correlated with a positive Bitcoin performance. In the last 10 profit reports since the beginning of 2023, when the current Alcista market began, Bitcoin has published a positive price action after Nvidia results in 7 out of 10 instances.
For the quarter, analysts expect NVIDIA to report profits adjusted per share of $ 1.01 in revenue of $ 46.2 billion.
According to Kobeissi’s letter, the options market has a price in an implicit movement of 6.1% after the profits in NVIDIA. That translates into a potential blow of approximately $ 270 billion in market capitalization. It sounds big, but this would be the smallest implicit swing since May 2023.
Nvidia’s shares rose 30% to date and 41% during the past year. It is modestly lower in the early negotiation on Wednesday before the quarterly results.
