Nvidia Q4 Earnings Boost Some Crypto; This AI-Token Is Rallying 25%
Portfolio Pulse from Mehab Qureshi
Nvidia Corp (NASDAQ:NVDA) reported higher than expected Q4 earnings and revenue, leading to a significant increase in AI token values, including Fetch.AI (CRYPTO: FET), SingularityNET (CRYPTO: AGIX), and Render (CRYPTO: RNDR). Nvidia's success, driven by its advanced graphics processors for AI development, contributed to a 9.2% jump in its shares in after-hours trading. The company's positive outlook for the current quarter further boosted AI token prices, with notable gains observed across several cryptocurrencies.
February 22, 2024 | 4:07 am
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Nvidia Corp reported higher than expected Q4 earnings and revenue, leading to a 9.2% jump in its shares in after-hours trading.
Nvidia's earnings report exceeded Wall Street predictions, indicating strong financial health and growth prospects, especially in AI development. This positive news directly impacts investor sentiment and stock price, leading to a likely short-term increase in NVDA's stock value.
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