NVIDIA reported record revenues of $57.0 billion in the third fiscal quarter of 2026, driven by demand for its GPUs for data centers, while Bitcoin experienced a technical rebound above $91.000 after a wave of liquidations. This dual movement links the commercial strength of the AI industry with the volatility and growing institutionalization of the crypto market, framing a landscape where regulatory pressures and market signals intersect. The developments underline how AI hardware demand and crypto market flows are shaping risk and liquidity conditions across sectors.
NVIDIA reached $57.0 billion in revenue in Q3 FY2026, a year-on-year increase of 62% and a sequential rise of 22%, with net income of $32 billion, according to the quarterly results. The Data Center segment was the main lever, contributing $51.2 billion and showing a sequential jump of 25%. These numbers reinforce the company’s dominant position in AI accelerators and its software ecosystem, reflecting sustained global demand.
However, growth was not uniform: sales in China (including Hong Kong) fell 63% to $3 billion, attributable to export restrictions. That decline illustrates how regulatory brakes and geopolitical tensions can condition the expansion of AI infrastructure providers, despite the broader momentum in the market.
Bitcoin traded around $91.000 in the second half of November 2025, with a rebound after a wave of liquidations that reached approximately $1 billion; nevertheless, it later fell back below $90.000, a level it had not lost in seven months. This sequence highlights the coexistence of sharp short-term moves and fragile support levels in the crypto market.
The pullback from the October high ($126.000) represented a decline of 29%, and in the same period about $5 billion was liquidated in crypto markets in one week. These conditions underscored the pressure on leveraged positions and the sensitivity to liquidity shocks.
NVIDIA results and geopolitical tensions
At the same time, ETF activity and large institutional players remained relevant: BlackRock’s iShares Bitcoin Trust (IBIT) reached volumes of up to $4.2 billion on certain days, accompanied by episodes of outflows. Firms like MicroStrategy and Metaplanet continued buying the dips; Metaplanet holds 6.796 BTC valued at around $707 million with an average cost close to $91.000 per coin, pointing to ongoing accumulation strategies.
The convergence between massive demand for AI hardware and the dynamics of digital assets suggests cross-effects: the centralization of compute capacity facilitates AI deployments at scale, while the inflow of institutional capital into Bitcoin alters liquidity and risk patterns. For users and managers, it implies paying simultaneous attention to the evolution of GPU demand and to liquidity in spot and derivatives markets.
NVIDIA’s results confirm the commercial resilience of the AI sector even in the face of geopolitical frictions, while Bitcoin shows the coexistence of short-term volatility and institutional accumulation.
