AI Tokens Surge Ahead of Nvidia Earnings

IconCryptoNewsTerminal Staff22 May, 2024

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AI Tokens Surge Ahead of Nvidia Earnings

AI-themed tokens are rallying ahead of Nvidia's (NVDA) earnings report, which is scheduled for release on Wednesday, February 22nd. According to CoinGecko data, Fetch.ai (FET), Render Token (RNDR), Tao Network (TAO), and SingularityNET (AGIX) are currently up in the range of 4-5%. Multi-chain Web 3 content delivery network AIOZ Network (AIOZ) jumped 7% after it announced a listing on Nvidia's Accelerated Applications Catalog. The surge in AI-themed tokens suggests that investors are optimistic about the prospects for AI technology and its applications in various industries. Nvidia is a leading provider of graphics processing units (GPUs), which are essential for training and deploying AI models. Investors will be closely watching Nvidia's earnings report for any updates on the company's AI business. Analysts expect Nvidia to report strong revenue growth in this segment, driven by demand from cloud computing providers and enterprise customers.

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