Artificial intelligence projects are undoubtedly among the projects that will be present in our lives both today and in the future. Therefore, I believe that investments made in artificial intelligence projects will eventually bear fruit. Especially projects that provide power to artificial intelligence tools and offer GPU storage and selling services will reach significant milestones.
Among these projects, prominent ones in the cryptocurrency ecosystem include Render Network (RNDR), Fetch.ai (FET), SingularityNet (AGIX), Ocean Protocol (OCEAN), Worldcoin (WLD), and Bittensor (TAO). These projects, along with artificial intelligence technologies, follow the footsteps of pioneers that have become one of the world's largest companies in recent times. One such company is NVIDIA. NVIDIA is positioned as one of the companies that will dominate the field of artificial intelligence and the energy needs provided to these technologies. Therefore, NVIDIA and its financial reports are a significant factor in the future and pricing of projects in this area.
Nvidia's first-quarter financial results for 2024 will be announced on May 22nd.
In the table above, you can see Nvidia's expected and realized earnings per share figures. The earnings per share have consistently exceeded expectations over the past four quarters. A similar situation may occur in this period as well. This would indicate a strong financial report from Nvidia. Following this report, I expect artificial intelligence-focused projects in the cryptocurrency market to experience an uptrend. Therefore, I will closely monitor this financial report and consider making purchases in artificial intelligence projects.