The Chain Reaction of the AI Wave: How Nvidia’s Earnings Could Stir the Crypto Market

At 5:00 a.m. Beijing time on February 26, Nvidia will release its fiscal year 2026 fourth-quarter earnings report. This is not merely a chip company’s earnings disclosure. In 2026, Nvidia has become one of the world’s most valuable companies, with its stock priced at $192.21 and a market capitalization reaching $4.67 trillion. Its earnings performance is widely regarded as a barometer for the global AI industry. But what worries Wall Street is not just Nvidia’s own share price. Analysts broadly expect Nvidia to deliver results above expectations—HSBC Research forecasts quarterly revenue of $68 billion, about 3% above market consensus. The issue is that when markets grow accustomed to positive surprises, the marginal impact of those surprises diminishes. More importantly, the ripple effects of Nvidia’s earnings may extend much farther than most anticipate. I. From Chips to Tokens: A Hidden Transmission Chain How do Nvidia’s results influence the cryptocurrency market? The answer lies in