AI tokens surge after tech executives discuss AI at the White House.
According to Nvidia CEO Jensen Huang, a new industrial revolution is underway.
After NVDA stock rose, NEAR, TAO, ASI and RENDER also rose.
After Nvidia CEO Jensen Huang hinted at “the beginning of a new industrial revolution” at a White House AI discussion, many AI tokens surged on Thursday.
AI tokens like NEAR, TAO, and RENDER saw their prices surge on Thursday due to comments from Nvidia CEO Jensen Huang. After a White House meeting with OpenAI CEO Sam Altman, Anthropic CEO Dario Amodei, Microsoft President Brad Smith, Google President Ruth Porat, and Amazon Web Services CEO Matt Garman, Huang made the statements.
CNBC previously reported that the conference would focus on AI energy infrastructure. Huang said a new industrial revolution is coming in an interview after the conference.
NVDA shares rose 2% following his comments, extending an 11% gain from Wednesday. In the cryptocurrency market, AI tokens have seen significant price gains.
The top gainers in AI include NEAR, up more than 7%; ASI, up 2%; TAO, up more than 3%; and RENDER and GRT, up 2% and 5% respectively. Consistent with market history, all of these coins rose alongside NVDA.
Nvidia’s stock and AI token reflect the rising AI market trend. Nvidia, the world’s largest AI company, controls about 60% of the AI market. Other assets are particularly sensitive to NVDA stock movements, creating synergies in the market.
ASI also got a boost from alliance events. The Artificial Super Intelligence Alliance revealed on Wednesday that it wanted a fourth member. This sent the price up in the 24 hours before the market learned.
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