Nvidia’s Stellar Earnings Boost Crypto Markets: Bitcoin Recovers to $90K+, AI-Driven Tokens Surge

Nvidia’s blockbuster third-quarter earnings report and optimistic outlook have calmed the jittery crypto markets after a tumultuous week. The chipmaker’s strong financial results eased investor fears about an impending AI bubble, while Bitcoin rebounded above the $90,000 mark as market risk appetite improved. AI-related crypto tokens surged, with TAO, Near Protocol (NEAR), Internet Computer (ICP), Render (RNDR) and others experiencing gains of 4-5% in after-hours trading. This positive reaction to Nvidia’s performance suggests the AI infrastructure boom continues unabated. The company’s record revenue ($57.01 billion) and strong Q4 outlook further reinforced this belief, with CEO Jensen Huang highlighting the accelerating demand for GPUs for AI training and inference applications.