The artificial intelligence (AI) focused cryptocurrency is on the rise as chip manufacturing giant Nvidia is about to report its quarterly earnings. According to CoinGecko data, large AI tokens including Fetch.ai, Render, Bittensor and SingularityNET have risen by 4% -5% in the past 24 hours. The market is volatile, please do a good job of risk control.
At the same time, recent positive regulatory developments in the United States and lower bond yields due to easing inflation concerns have fueled a boom in the digital asset market. Despite this, Nvidia shares were down 1.5% by the close of trading on Wednesday. Patrick Moorhead, founder and CEO of Moor Insights & Strategy, expects Nvidia to report stronger-than-expected earnings, but it remains to be seen.
Artificial intelligence tokens perform strongly ahead of NVIDIA earnings
2024-05-22 19:56:12
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