RNDR Leads AI Crypto Market During Nvidiaās Record Earnings
On Wednesday, Nvidia Corp. (NASDAQ: NVDA), a top provider of AI software and hardware, announced its first-quarter fiscal 2025 earnings.
The company reported $26 billion in revenue for the quarter, marking an 18 percent increase from the previous quarter and a substantial 256 percent rise compared to the same period last year.
Nvidia (NVDA) Reports Strong Growth and Stock Performance
Nvidia Corp. (NASDAQ: NVDA) announced impressive financial results for the first quarter of fiscal 2025. The companyās total revenue reached $26 billion, marking an 18 percent increase from the previous quarter and a remarkable 256 percent surge year-over-year. Particularly, the data center segment showed outstanding growth, achieving $22.6 billion in revenue, up 23 percent from the prior quarter and over 420 percent compared to the same period last year.
In response to its robust performance, Nvidia has increased its quarterly cash dividend by 150 percent to $0.01 per share following a ten-for-one stock split. This news bolstered investor confidence,Ā leading NVDA stock to surgeĀ over 6 percent in Wednesdayās after-hours trading, reaching approximately $1,007 per share. Year-to-date, Nvidia stock has seen an impressive rally of over 91 percent, reflectingĀ strong market optimism and investor interest in the companyās growthĀ prospects.
Surge in AI Crypto Projects Boosted by Nvidiaās Market Growth
In recent quarters, AI crypto projects have seen significant gains due to Nvidiaās strong performance in the stock market. The AIĀ crypto industry now boasts a market capĀ of approximately $35.4 billion, with a daily average traded volume of about $2.2 billion, according to the latest market data.
Leading AI-focused crypto projectsĀ include Fetch.ai (FET), Render (RNDR), The Graph (GRT), Bittensor (TAO), and SingularityNET (AGIX), among others.
Recent data from market intelligence platform Santiment highlights increased whale activity in the AI-crypto sectors, particularly driven by Render (RNDR). A notable RNDR whale recently transferred 4.89 million units valued at over $52 million to an unknown wallet address.
Following this activity, RNDRās daily traded average volume surged by more than 107 percent to approximately $836 million during Thursdayās early Asia session. This spike underscores growingĀ investor interestĀ and trading activity in RNDR and other AI crypto assets amid Nvidiaās market influence.
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