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MainNewsNVIDIA Earni...

NVIDIA Earnings Crush Estimates, Sends AI Crypto Tokens Soaring


NVIDIA Earnings Crush Estimates, Sends AI Crypto Tokens Soaring
  • NVIDIA’s strong earnings propel AI token surge.
  • AI tokens like FET, RNDR, and AGIX surged between 4% and 5% in 24 hours.
  • NVIDIA reported revenue of $26.044 billion, surpassing the expected $24.65 billion.

Altcoin Buzz presenter Cody Buffington has observed a surge among Artificial Intelligence (AI) tokens following NVIDIA’s Q1 earnings report. According to Buffington, large-cap AI tokens like Fetch.ai (FET), Render (RNDR), and SingularityNET (AGIX) advanced between 4% and 5% in the 24 hours leading up to his presentation.

In a recently uploaded video, Buffington highlighted that NVIDIA’s Q1 report demonstrated its performance exceeded expectations for both sales and earnings, triggering a significant rise in its stock price. The Altcoin Buzz presenter explained that the company’s performance underscores the ongoing robust demand for AI chips, with notable gains in its data center sales and networking components.

Citing NVIDIA’s released data, Buffington noted that the American tech giant reported revenue of $26.044 billion, surpassing the expected $24.65 billion. The chip maker’s net income also increased, reaching $14.88 billion or $5.98 per share…

The post NVIDIA Earnings Crush Estimates, Sends AI Crypto Tokens Soaring appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Japanese Investors Embrace Crypto: Majority of Institutions Ready to Invest, Survey Finds

Japanese Investors Embrace Crypto: Majority of Institutions Ready to Invest, Survey Finds

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10 ASEAN Countries To Launch New Currency, Challenge US Dollar: CME

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MainNewsNVIDIA Earni...

NVIDIA Earnings Crush Estimates, Sends AI Crypto Tokens Soaring


NVIDIA Earnings Crush Estimates, Sends AI Crypto Tokens Soaring
  • NVIDIA’s strong earnings propel AI token surge.
  • AI tokens like FET, RNDR, and AGIX surged between 4% and 5% in 24 hours.
  • NVIDIA reported revenue of $26.044 billion, surpassing the expected $24.65 billion.

Altcoin Buzz presenter Cody Buffington has observed a surge among Artificial Intelligence (AI) tokens following NVIDIA’s Q1 earnings report. According to Buffington, large-cap AI tokens like Fetch.ai (FET), Render (RNDR), and SingularityNET (AGIX) advanced between 4% and 5% in the 24 hours leading up to his presentation.

In a recently uploaded video, Buffington highlighted that NVIDIA’s Q1 report demonstrated its performance exceeded expectations for both sales and earnings, triggering a significant rise in its stock price. The Altcoin Buzz presenter explained that the company’s performance underscores the ongoing robust demand for AI chips, with notable gains in its data center sales and networking components.

Citing NVIDIA’s released data, Buffington noted that the American tech giant reported revenue of $26.044 billion, surpassing the expected $24.65 billion. The chip maker’s net income also increased, reaching $14.88 billion or $5.98 per share…

The post NVIDIA Earnings Crush Estimates, Sends AI Crypto Tokens Soaring appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Japanese Investors Embrace Crypto: Majority of Institutions Ready to Invest, Survey Finds

Japanese Investors Embrace Crypto: Majority of Institutions Ready to Invest, Survey Finds

Recent insights from a survey conducted by Nomura Holdings and Laser Digital Holdings...
Jun, 26, 2024
2 min read
by Bitcoinist
10 ASEAN Countries To Launch New Currency, Challenge US Dollar: CME

10 ASEAN Countries To Launch New Currency, Challenge US Dollar: CME

The Center for Market Education has once again echoed calls for bringing in a unified...
Jun, 25, 2024
2 min read
by Watcher.Guru