Sam Altman's Worldcoin pops with AI tokens as Nvid
Cryptocurrencies tied to artificial intelligence projects soared overnight following Nvidia’s fourth quarter earnings release.
Smashed estimates
The world’s largest chip company smashed analysts’ estimates on Wednesday. The firm posted revenue of $22.1 billion for the fourth quarter, above analyst estimates of $20.5 billion. Shares in the firm rose over 12% in early hours trading on Thursday.
“This is really the earnings heard around the world,” Dan Ives, a senior research analyst at Wedbush, told Bloomberg TV on Wednesday. “It shows that this AI party is just getting started.”
In its outlook Nvidia forecasted revenue for the current quarter will reach $24 billion.
