{"id":12534,"date":"2024-02-26T15:20:00","date_gmt":"2024-02-26T15:20:00","guid":{"rendered":"https:\/\/blockwind.io\/hk-en\/?p=12534"},"modified":"2026-09-12T15:22:47","modified_gmt":"2026-09-12T15:22:47","slug":"ai-linked-cryptocurrency-tokens-rise-after-nvidia-identifies-tipping-point-2","status":"publish","type":"post","link":"https:\/\/blockwind.io\/hk-en\/ai-linked-cryptocurrency-tokens-rise-after-nvidia-identifies-tipping-point-2\/","title":{"rendered":"AI-Linked Cryptocurrency Tokens Rise After Nvidia Identifies \u2018Tipping Point\u2019"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">By Anjali Kochhar<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Giant chipmaker Nvidia (NVDA) exceeded its already high fourth-quarter earnings projections, lifting both the broader equity markets and AI-related tokens.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to <a href=\"https:\/\/www.globenewswire.com\/news-release\/2024\/02\/21\/2833153\/0\/en\/NVIDIA-Announces-Financial-Results-for-Fourth-Quarter-and-Fiscal-2024.html\"><strong>Nvidia<\/strong><\/a>, its fourth-quarter earnings per share stood at $5.16, surpassing the average analyst estimate of $4.59 per share, as per FactSet data. Additionally, the chipmaker reported revenue of $22.1 billion, exceeding Wall Street\u2019s projection of $20.4 billion.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Following Nvidia\u2019s earnings, AI Tokens noticed an increase. While FetchAI\u2019s (FET) and Render\u2019s (RNDR) stocks are up over 10% and 8%, respectively, SingularityNet (AGIX) was up more than 20%. According to data from <a href=\"https:\/\/www.coingecko.com\/en\/categories\/artificial-intelligence\"><strong>CoinGecko<\/strong><\/a>, the total market capitalization of AI tokens has exceeded $16.5 billion.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The CoinDesk 20 (CD20), a benchmark for the largest and most liquid cryptocurrencies, has decreased by 2.7% in contrast.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cGenerative AI and accelerated computing have reached a tipping point. Global demand is rising across businesses, sectors, and countries,\u201d according to Jensen Huang, the founder and CEO of NVIDIA.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Nvidia also predicted sales for the first quarter of $24 billion, exceeding experts\u2019 projection of $22.2 billion.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The beat coincides with shares of the business that makes the chips that have powered the AI revolution rising more than 200% over the past year, surpassing the values of IT giants Amazon and Google to reach a market cap of about $1.7 trillion at one point. Because of how strong the surge has been, Goldman Sachs has dubbed it \u201cthe most important stock on planet earth.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>About the author<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Anjali Kochhar covers cryptocurrency stories in India as well as globally. Having been in the field of media and journalism for over three years now, she has developed a sharp news sense and works hard to present information that goes beyond the obvious. She is an avid reader and loves writing on a wide range of subjects.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Anjali Kochhar Giant chipmaker Nvidia (NVDA) exceeded its already high fourth-quarter earnings projections, lifting both the broader equity markets and AI-related tokens. According to Nvidia, its fourth-quarter earnings per share stood at $5.16, surpassing the average analyst estimate of $4.59 per share, as per FactSet data. Additionally, the chipmaker reported revenue of $22.1 billion, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12535,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12534","post","type-post","status-publish","format-standard","has-post-thumbnail","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Nvidia Earnings Boost AI Crypto Tokens as Market Rallies<\/title>\n<meta name=\"description\" content=\"AI-linked crypto tokens including FET, RNDR and AGIX rallied after Nvidia beat earnings estimates and CEO Jensen Huang called generative AI a \u201ctipping point.\u201d\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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