🚨BREAKING CRYPTO NEWS - NVIDIA EARNINGS WILL IMPACT CRYPTO!

okay everybody welcome back to the channel we've got breaking crypto news in this video let's get right into it it starts with Nvidia and you may be asking well Zach we're talking about crypto we're not talking about the stock market who cares about Nvidia well I feel like we should care about Nvidia because it's going to impact the stock market it's going to impact risk on assets like Bitcoin I think this is actually a huge Catalyst for us if you guys remember early on in the year Nvidia made a huge Surge and the Magnificent 7 in the stock market pulled everything up Bitcoin was setting new all-time highs yes we had new ETFs and all of that but in terms of just capital and flow and the whole AI sector and this new age and this new technology crypto fits right in there and there's a particular sector within crypto that I think could see some really nice gains here given the data we just got and received and there are some forecasts that are even more bullish than the news and data we just got and I want to share with that uh what all that is with you guys in this video I'm super excited about Q4 super excited about where we're heading here in the cryptocurrency market because I think we are literally sitting here Calm before the storm we are gearing up we are getting oursel prepared for some major major moves and I think this is truly the last consolidation capitulation phase out there now this uh news here first and foremost in Nvidia has reported their Q2 revenue of $30 billion this does beat expectations now it didn't beat Expectations by 10% some people were saying that we were discussing that a little bit early this morning but let me give you the breakdown here there's a lot to get into smash the like button subscribe down below and again we're going to bring this full circle back into crypto as well because I does I do think this all of this impacts Us in crypto nvidia's Q2 2024 Revenue hit 30 billion surpassing expectations of 28.87 billion adjusted EPS or earnings per share was about 68 beating the 64 C estimate now the adjusted gross margin was right around 76% slightly above the forecast data center Revenue reached 26.385897 Q3 revenue of 32.5 billion with a gross margin between 74.5% and 75.5% the quarterly dividend remains at 1 cent per share with Blackwell production set to start in Q4 so we expect to even see bigger numbers in Q3 out of Nvidia and this is what I mean we are in the middle of a huge Revolution when it comes to Ai blockchain and it all kind of comes together together now one particular sector that I really am going to be watching for here is the AI sector and we have seen the opposite happen to what we thought would happen of course expect the opposite but it's short term here it's very shortsighted so like near protocols down 9% icps down 4% uh artificial super intelligence Alliance which I opened up a position today uh 9% down good thing it wasn't a margin or leverage position or anything like that um because I'm willing to hold it a little bit in DCA if I have to but I do think and by the way some of the other top ones are also down uh renders down 5 a half% injective down 11% I think that's a really interesting uh place to start maybe DCA into if you're looking at some of these AI cryptos but I think the narrative as a whole with nvidia's numbers coming in today that again we're positive and just kind of where this Market is going I have a really good feeling that what Nvidia is doing is going to help prop up the crypto Market because Nvidia is probably deemed a risk risky asset anything in Tech is risky and usually crypto follows Tech in the stock market right so when we get the big volatile moves from the tech sector usually it's followed and coincided with uh crypto moving upwards too there's a lot of of parallels between these two sectors I know one's in traditional trafi the other one's crypto but there is a lot of the same type of capital moving into risk on assets right like Bitcoin like ethereum and again I think what's interesting here is we saw a selloff with the AI sector so if you were patient today now you can go hunting and even find some assets further in here on the dip Bitcoin is down 4% today uh in terms of some of the cryptos down down the hardest down the most uh injective the aforementioned one there uh super intelligence Alliance stack sooie some of my favorite ones are actually down the most today ordinals and SATs also up there uh double digits so this is not the time to run for the hills we're still at a 2.09 trillion market cap things still look really really good yes we've had $10 million liquidated from crypto in the past 60 Minutes that was at some point late last night or actually yesterday around this time we had a big flush in the market freaked people out but this to me is hey we're still trading sideways basically uh we were just at 65k okay we're back down to wherever we are what is it 50 59 just under 60k here with Bitcoin this is not the time to panic guys it's the time to look and find your favorite assets as we've been mentioning and again I think watching what Nvidia is doing and watching how the stock market moves in particular the tech sector is going to be big for us because if we get the big burst that I think we'll get out of the tech sector that's going to spill over into crypto it usually does so that's what we looking for and watching for I appreciate you guys for watching hang in there dollar cost average into your favorite plays don't forget to like comment subscribe we'll see you in the next video