JPMorgan’s “Everything Rally” gained momentum right after NVIDIA’s Q3 results, where the company’s data-center division delivered $51.22 billion and its adjusted EPS came in roughly 3% above expectations. This surprise performance reshaped capital flows across tech and crypto, reinforcing institutional forecasts of up to $60 billion in crypto inflows by 2025 and fueling optimism for both Bitcoin and altcoins.
NVIDIA Momentum and the Everything Rally
NVIDIA served as the spark: its massive data-center revenue and earnings beat triggered a sweeping move into technology stocks, prompting analysts to lift price targets — some projecting the stock near $500 by 2025 as AI-driven GPU demand continues accelerating. JPMorgan stood firmly inside this narrative. Not only did its own Q3 results exceed expectations, but its exposure to major tech names — including NVIDIA, Apple, Microsoft, and Amazon — gave the bank an outsized role in shaping market sentiment.
SETUP POISED FOR AN "EVERYTHING RALLY"
JPMORGAN TRADING DESK:
"Given that there have not been any changes to the fundamental story, nor does our investment hypothesis rely on the Fed easing, we are dip-buyers. As we look at the two key events this week, (i) Sept's NFP and (ii)…
— *Walter Bloomberg (@DeItaone) November 19, 2025
Before NVIDIA reported, JPMorgan’s strategists had already recommended bullish option plays on the company, a signal of confidence that many traders now see as part of what amplified the market’s euphoric reaction. This blend of strong corporate results and aggressive derivatives activity shows how investment banks can simultaneously influence and accelerate market trends, especially during periods of intense sector repricing.
The optimism soon spilled into crypto markets. JPMorgan-cited projections point to potential institutional inflows of $60 billion into digital assets in 2025, while comparisons to traditional assets have tilted even further: the bank argued that “Bitcoin is now more attractive than gold after the recent pullback.” External forecasts referenced in the research place Bitcoin at $100,000 in a bullish scenario supported by ETF flows and strong momentum heading into Q3 and Q4 2025. Meanwhile, altcoins connected to AI and smart-contract ecosystems — such as Solana, Chainlink, and Sui — have shown relative leadership, reflecting a broader rotation toward projects with compelling technological narratives.
Still, labeling the phenomenon an “everything rally” comes with a caution flag. Historically, markets that rise this broadly and this fast are vulnerable to sharp corrections, particularly after strong earnings seasons. The same caution that investors apply to concentrated tech exposure and derivatives strategies should also guide their decisions in crypto. High risk appetite combined with aggressive options activity increases the market’s sensitivity to sudden mood shifts.
Together, NVIDIA’s explosive quarter and JPMorgan’s active positioning have created a reinforcing loop across traditional and digital markets, where corporate earnings, derivatives flows, and institutional crypto adoption push each other higher. For traders and managers, the operational takeaway is straightforward: track ETF flows closely, manage derivatives exposure carefully, and watch the Q3–Q4 2025 window as a decisive phase to confirm whether this rally can truly sustain itself — especially as Bitcoin-Ethereum rotations and the performance of AI-linked altcoins continue to define market leadership.
