Are Nvidia Earnings Bullish For Crypto? Trader Highlights The 'Only Crypto With Significant Ties To NVDA'
Portfolio Pulse from Khyathi Dalal
Nvidia's upcoming earnings announcement is generating significant buzz in the crypto world, particularly around AI and DePIN projects. Notable traders are highlighting Render (RNDR) and Fetch.ai (FET) as key cryptos with ties to Nvidia. Nvidia's earnings are expected to impact AI-related stocks and cryptos, with its quarterly revenue projected to triple.
May 22, 2024 | 6:26 pm
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POSITIVE IMPACT
Nvidia's earnings announcement is expected to significantly impact AI-related stocks and cryptos. Nvidia's quarterly revenue is projected to triple, which could drive up its stock price.
Nvidia's strong earnings projection and its significant weighting in major indexes and ETFs suggest a positive impact on its stock price. The anticipation around AI and DePIN projects further supports this outlook.
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