NVDA and AI tokens rise after White House AI debate
After tech executives discussed AI at the White House, AI tokens rose.
According to Nvidia CEO Jensen Huang, a new industrial revolution is underway.
After NVDA shares rose, NEAR, TAO, ASI, and RENDER rose.
After Nvidia CEO Jensen Huang hinted at the "beginning of a new industrial revolution" at a White House AI discussion, many AI tokens rose on Thursday.
AI tokens like NEAR, TAO, and RENDER witnessed price increases on Thursday due to remarks by Nvidia's CEO. After meeting at the White House with OpenAI CEO Sam Altman, Anthropic CEO Dario Amodei, Microsoft President Brad Smith, Google President Ruth Porat, and Amazon Web Services CEO Matt Garman, Jensen Huang made the statements.
Earlier, CNBC claimed that the conference focused on AI energy infrastructure. Huang said a new industrial revolution is coming in an interview following the conference.
After his comments, NVDA shares rose 2%, extending its 11% gains from Wednesday. In the crypto market, AI tokens have experienced significant price increases.
Top AI gainers include NEAR, which jumped over 7%; ASI, which rose 2%; TAO, which rose over 3%; and RENDER and GRT, which grew 2% and 5%, respectively. In line with market history, all of these coins rose with NVDA.
Nvidia's stock and AI tokens indicate a rising AI market trend. World's biggest AI business, Nvidia, controls approximately 60% of the AI market. Other assets are particularly sensitive to NVDA stock fluctuations, producing market synergy.
ASI also gained from alliance occurrences. The Artificial Superintelligence Alliance revealed Wednesday that it wants a fourth member. This raised its price in the prior 24 hours before the market learnt.
