The largest company in the world by market capitalization at $ 4.4 Trion, Nvidia (NVDA) Revenues reports on Wednesday after the closing of the American market.
Bitcoindata21 data show that NVIDIA income is historically correlated with the performance of a positive bitcoin. During the last 10 profits since the beginning of 2023, when the current Haussier market began, Bitcoin posted a positive price action following Nvidia results in 7 out of 10 bodies.
For the quarter, analysts expect Nvidia to declare a profit adjusted per share of $ 1.01 over a turnover of $ 46.2 billion.
According to Kobeissi’s letter, the options market is pricing in an implicit move of 6.1% post-benefit in Nvidia. This results in a potential swing of around 270 billion dollars in market capitalization. It seems big, but it would be the smallest swing implicit since May 2023.
NVIDIA shares are up 30% over a year to date and 41% in the past year. It is slightly less than Wednesday early Wednesday before quarterly results.
