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AI Crypto Tokens Surge
Liam Gill
February 23, 2024
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News of the Day
Nvidia, a leading chipmaker, exceeded fourth-quarter earnings expectations, positively impacting the broader equity markets and AI-related cryptocurrency tokens. With fourth-quarter earnings per share at $5.16, surpassing the average analyst estimate of $4.59, and revenue of $22.1 billion exceeding Wall Street's expectation of $20.4 billion, Nvidia's performance highlighted the growing demand for accelerated computing and generative AI. Following the announcement, AI Tokens like SingularityNet (AGIX), FetchAI (FET), and Render (RNDR) saw significant gains, with the overall market cap of AI tokens surpassing $16.5 billion. Nvidia's first-quarter revenue forecast of $24 billion also beat analysts' expectations. This financial success underscores Nvidia's pivotal role in the AI revolution, with its market cap reaching nearly $1.7 trillion at one point, surpassing tech giants like Amazon and Google. Nvidia's shares increased by over 7% in post-market trading, further emphasizing its importance in the tech and AI sectors.
Tweet of the Day
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Some Seed/Series A founder needs to use this script word for word to justify why their revenues aren't at the levels expected by VCs.
Genuinely, I'm 70% sure it would work. If you can say it as convincingly as Steve Jobs you may have found the hack to raising infinite money.
— Liam Gill (@LawyerLiam)
3:01 PM • Feb 22, 2024
Visa and Mastercard agree to historic $5 Billion Settlement! In a groundbreaking move for the payment industry, Visa and Mastercard have come to a historic $5 billion settlement, marking a pivotal moment for small business owners. If you are a small business owner, claim your share today!
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