AI Token Prices Surge Following Nvidia Report

Nvidia exceeded profit expectations in the fourth quarter, as detailed in their report, which contributed to a rise in the prices of tokens associated with artificial intelligence.

According to company representatives, the figure reached $22.1 billion, surpassing analysts’ forecasts by nearly $2 billion.

“Accelerated computing and generative AI have reached a tipping point. Demand for them is growing worldwide”, said Nvidia’s founder and CEO Jensen Huang.

Following the report’s release, the market value of some AI tokens surged. For example:

• AGIX increased by 33%;
• AIOZ by 26%;
• RNDR by 17%;
• GRT by 16%.

Earlier, on February 20, AI tokens showed growth following the launch of Sora by OpenAI.