Nvidia's Stock Performance and Earnings Preview

The correlation between Bitcoin and Nvidia suggests that BTC could climb as high as $60,000 per coin if Nvidia continues to maintain its momentum in the stock market. Nvidia's leadership role in powering AI models like ChatGPT has contributed to its recent rally in share prices, which has surprised stock market bears by revisiting all-time highs set back in 2021. The correlation between BTCUSD and NVDA goes back a decade, and historically, there is a strong correlation between the two assets. The buzz surrounding AI could be a catalyst for a dot com-like boom in tech stocks, which ultimately would also spill into crypto, adding to the breadth in financial markets.