With chipmaker Nvidia (Nvidia) releasing its quarterly financial report soon, artificial intelligence (AI)-focused cryptocurrencies are on the rise. Major AI tokens, including Fetch.ai, Render, Bittensor, and SingularityNET, are up 4%-5% in the past 24 hours, according to CoinGecko data.
“Meanwhile, recent positive U.S. regulatory developments and easing inflation concerns have caused bond yields to fall and fueled the digital asset market. However, Nvidia's share price fell 1.5% before the close of trading on Wednesday. Moor Insights & Strategy's Founder and CEO Patrick Moorhead predicts Nvidia will report a stronger-than-expected financial report, but the situation remains to be monitored."
