Data from crypto analytics platform DYOR shows that decentralized AI tokens and DePIN tokens have performed prominently over the past seven days. According to DYOR founder Hitesh Malviya, there is a lot of talk about Nvidia's upcoming earnings report. AI tokens will continue to rise cyclically as they are directly related to the entire AI development happening around us.
NVIDIA will report Quarter 1 earnings after the stock market closes on May 22. The company is expected to report earnings of $5.49 per share, up 403% from a year ago, according to Zuckerberg. Recent results from other artificial intelligence companies have been largely positive, according to Bloomberg.
NVDA shares rose to $922 on Monday, their highest level since April 1, and have rallied more than 20 per cent from a regional low of $756 hit on April 19, according to TradingView.
Analysis: Nvidia shares hit a one-month high, AI tokens lead crypto market gains
2024-05-07 10:52:38
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