Investing.com – NVIDIA Corporation's (NASDAQ:) quarterly results expected this Wednesday after the close of the US stock markets will be the most important event of the week not only for the company, but also for the markets in general.
Nvidia stock is indeed universally considered the barometer of the AI investment theme. This means that disappointing results for NVDA could penalize all AI-related investments.
Conversely, a pleasant surprise could keep the AI rally going. This is true in the stock market, but it is also true for the cryptocurrency market.
First of all, remember that cryptocurrencies display a fairly solid historical correlation with US technology stocks. However, certain tokens will undoubtedly be called upon to react more than others to Nvidia's results.
These are those whose theme is closely linked to Artificial Intelligence. The Coinmarketcap site also has a page listing these cryptocurrencies linked to AI. The most important are:
- (top 21)
- (top 28)
- (top 30)
- (top 34)
- (top 37)
These will therefore be the tokens to watch as a priority given Nvidia's results this Wednesday evening.
However, major cryptocurrencies could also be affected in the event of good or bad surprises, and caution will therefore remain in general until we know more about Nvidia's financial performance in Q3.
Finally, it will be recalled that the queen of cryptocurrencies, the , marked a new all-time high at $93,750 on Tuesday, helped by solid inflows into Bitcoin ETFs, among other bullish factors.
