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Thursday Nov 20 2025 01:30
2 min
Technology and cryptocurrency stocks saw gains in after-hours trading on Wednesday after chip manufacturer Nvidia released its third-quarter earnings report, exceeding expectations both in revenue and profit. This performance helped alleviate concerns regarding a potential artificial intelligence (AI) bubble.
Nvidia reported a record revenue of $57 billion for the third quarter, which ended on October 26. This represents a 62% increase compared to the same period last year and surpasses Wall Street's projections of $54.7 billion. The company's profits reached $31.9 billion, a 65% rise year-over-year, exceeding analysts' forecasts. Furthermore, Nvidia provided a higher-than-expected revenue guidance of $65 billion for the fourth quarter, indicating continued strong demand for AI-related technologies.
Recent weeks have witnessed a decline in tech stocks amid fears of an AI bubble. Cryptocurrency values also decreased as investors sold off riskier assets. The broader market awaited Nvidia's earnings report as a crucial indicator of the health of the AI-driven tech sector.
Following the Q3 earnings release, Nvidia (NVDA) shares jumped over 5% in after-hours trading, reaching $196 after closing the regular trading session at $186.52, up 2.85%. The positive earnings also lifted shares of crypto-related companies, including Coinbase (COIN), MicroStrategy (MSTR), and Circle Internet Group (CRCL), all of which saw modest gains after closing the day down.
Crypto exchange Bullish (BLSH) also experienced a 1% increase in post-trading activity, despite closing the day down 3.7%, even though the company's earnings surpassed Wall Street estimates and marked its strongest quarter since its IPO in August.
Major tech stocks also benefitted, with Apple (AAPL), Microsoft (MSFT), Alphabet (GOOG), Amazon (AMZN), and Meta (META) all posting gains after the market close.
Nvidia's earnings report contributed to the recovery of Bitcoin (BTC), which had declined over 10% in the past week amid a broader market downturn. Bitcoin fell to a 24-hour low of $88,540 in late trading on Wednesday, dipping below $89,000 for the first time since late April. Subsequently, it recovered to around $91,500, coinciding with Nvidia's earnings announcement. According to CoinGecko, Bitcoin is down 0.6% over the past day. Ether (ETH) also rebounded after falling to approximately $2,873 on Wednesday, marking its first dip below $2,900 since mid-July. It has since risen above $3,000 and is down 1.9% for the day.
Risk Warning: This article is provided for informational purposes only and does not constitute investment advice, investment research, or a recommendation to trade. The views expressed are those of the author and do not necessarily reflect the position of Markets.com. When considering shares, indices, forex (foreign exchange), and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and may not be suitable for all investors. Leveraged products can result in capital loss. Past performance is not indicative of future results. Before trading, ensure you fully understand the risks involved and consider your investment objectives and level of experience. Cryptocurrency CFD trading restrictions may apply depending on jurisdiction.
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