Nvidia delivered a blockbuster third-quarter earnings report and stronger-than-expected guidance on Wednesday, easing fears of an AI bubble and stabilizing tech and crypto markets after a volatile week. Bitcoin, which dropped below $88,000 earlier in the day, surged back above $90,000 as risk appetite improved.What to KnowNvidia beat Q3 earnings expectations and issued a stronger-than-expected Q4 revenue outlook.CEO Jensen Huang said “Blackwell sales are off the charts, and cloud GPUs are sold out.”The results briefly calmed jittery markets, with Bitcoin rebounding from intraday lows.AI-linked crypto tokens rallied 4–5% in after-hours trading.Nvidia shares rose 4% after hours, while AI-pivoting mining stocks also jumped.Nvidia Posts Record Q3 Revenue as AI Demand SurgesNvidia reported record third-quarter revenue of $57.01 billion, a 62% year-over-year increase, beating Wall Street’s $54.7 billion expectation. Profit rose 65% to $31.9 billion, also ahead of projections, reinforcing Nvidia’s position as the central hardware supplier for the accelerating AI boom.“Blackwell sales are off the charts, and cloud GPUs are sold out,” Nvidia CEO Jensen Huang said following the earnings release. “Compute demand keeps accelerating and compounding across training and inference — each growing exponentially.”Nvidia shares rose 4% in after-hours trading.Data Center Revenue Outperforms ExpectationsThe company’s data center division, the backbone of its AI business, generated $51.2 billion in Q3 revenue, topping consensus forecasts of $49.34 billion. Demand for advanced GPUs across cloud infrastructure, hyperscalers, research labs, and large language model developers continues to exceed supply.Nvidia’s Q4 Outlook: Even StrongerNvidia expects fourth-quarter revenue of $63.7–$66.3 billion, well above analysts’ expectations of $62 billion. The guidance suggests the AI infrastructure spending wave remains intact despite broader market fears.The chipmaker will hold a conference call at 5 p.m. ET, where investors expect commentary on next-generation GPU supply, enterprise demand, and future AI-compute roadmaps.AI-Linked Crypto Tokens Surge After Nvidia’s BeatRisk appetite flowed quickly into digital assets tied to AI infrastructure and machine-learning ecosystems.Following the earnings release:TAO rose 4%Near Protocol (NEAR) climbed 4%Internet Computer (ICP) rose 5%Render (RNDR) gained 5%These tokens had been under pressure amid growing speculation of an AI bubble, but Nvidia’s results helped reverse sentiment.Bitcoin Rebounds Above $90K After Losing Key SupportBitcoin (BTC) fell to $88,540 earlier Wednesday — its first dip below $89,000 since April — before rebounding above $90,000 following Nvidia’s report. BTC last traded around $91,904, according to market data.The recovery comes despite:A 10% decline in Bitcoin over the past weekBTC trading below its 365-day moving averageA bearish death cross, with the 50-day EMA falling below the 200-day EMACrypto markets had been rattled by risk-off sentiment, macro uncertainty, and declining tech stocks. Nvidia’s strong earnings temporarily eased those pressures.Ether (ETH) also recovered above $3,000 after dropping to its lowest level since July.AI-Focused Mining Stocks Also JumpBitcoin mining companies with AI infrastructure offerings rallied sharply in after-hours trading:IREN: +8%Cipher Mining (CIFR): +11%Hut 8 Mining (HUT): +6%These miners have positioned themselves as AI data-center providers, a strategy that helped them surge earlier this year before the recent sector selloff.Big Tech Gains in After-Hours TradingNvidia’s results lifted the broader tech sector:Apple (AAPL), Microsoft (MSFT), Alphabet (GOOG), Amazon (AMZN) and Meta (META) all traded higher after the bell.Crypto-adjacent equities like Coinbase (COIN), MicroStrategy (MSTR) and Circle Internet Group (CRCL) saw modest gains after closing the day lower.Crypto exchange Bullish (BLSH) rose 1% after hours following its strongest earnings quarter since going public.Why Nvidia’s Earnings Matter for Crypto and MarketsMarkets viewed Nvidia’s results as a critical gauge of whether the AI boom is entering bubble territory or still expanding. For now, the report suggests:AI spending remains robustGPU demand continues to exceed supplyEnterprise investment is acceleratingThat narrative reassured investors, lifting both tech and crypto assets that had been sliding over the past several weeks.
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