AI Tokens Surge Ahead of Nvidia's Earnings Report: What's Behind the Buzz?

Bitget App

Trade smarter

Cointime2024/08/26 08:42

By:Cointime

The value of AI-based crypto assets has been rising significantly in the past week, with tokens such as FET, RENDER, TAO, and NEAR all recording massive gains ahead of Nvidia's Q2 earnings report. FET, the token of the Artificial Superintelligence Alliance, saw the most impressive surge with a nearly 70% gain. Other tokens in this category, such as RENDER and NEAR, also saw remarkable leaps. The recent gains of these AI-based assets may be linked to the demand for new data center capacity to power the growing list of AI chatbots, which is driving the tech bull market, according to experts. Nvidia's earnings report is widely anticipated, with positive expectations after the company's revenue soared 18% in Q1 from Q4 2023 and surged 262% from the same period a year ago.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

Explore why Qubetics, Cardano, and Toncoin are the best cryptos to buy now in 2025, with groundbreaking innovations and real-world applications.Qubetics ($TICS): Bridging Real-World Assets with BlockchainCardano (ADA): Pioneering Sustainable Blockchain SolutionsToncoin (TON): Revolutionizing Digital InteractionsUnderstanding Real World Asset TokenizationConclusion

Coinomedia•2025/05/10 23:44