Nvidia, Stocks and bitcoin
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Nasdaq-listed chip maker Nvidia (NVDA) is scheduled to report its third quarter earnings during Wednesday's after market hours. According to Market Pulse, Wall Street expects Q3 revenue of $54.8 billion and non-GAAP EPS of $1.25. The AI chipmaker is currently valued at about $4.42 trillion.
The U.S. stock market fell as Nvidia and other superstars created by the frenzy around artificial-intelligence technology dimmed some more.
Bitcoin dipped below $90,000 early Tuesday, only to rally swiftly after hitting that 7-month low. And early Wednesday, the crypto currency touched $90k again, triggering an immediate burst of buying.
Can Bitcoin really overtake Nvidia's massive market cap in just five years? The simple math might surprise you.
Quantum computers should be powerful enough to crack Bitcoin’s security features—by instantly solving the mining mechanism or guessing wallet passwords by brute force—shortly after 2030, according to the CEO of a company working in partnership with Nvidia on its quantum computing efforts.
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Bitcoin finally bounces, outpacing stocks ahead of Nvidia earnings: Will the BTC rally hold?
BTC outpaced US stocks with a 4% rebound, but a deeply negative Coinbase premium shows institutions aren’t buying the rally yet.
Here are three things Wall Street is watching on Monday, Nov. 17. US stock futures (ES=F, NQ=F, YM=F) are trading slightly lower while bitcoin's slide continues. A lot of attention this week will be focused on Nvidia's third quarter earnings report,
US shutdown ends but employment data delayed. Bitcoin plunges 25% while Hang Seng struggles at 27,000. Fed minutes and Nvidia earnings dominate this week's agenda.