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.