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Analysis: Nvidia shares hit one-month high, AI tokens lead crypto market gains

Analysis: Nvidia shares hit one-month high, AI tokens lead crypto market gains

Bitget2024/05/07 10:59

Golden Finance reported that data from the crypto analysis platform DYOR showed that decentralized AI tokens and DePIN tokens have performed outstandingly in the past seven days. DYOR founder Hitesh Malviya said that there is a lot of talk about Nvidia's upcoming earnings report. AI tokens will maintain cyclical rises because they are directly related to the entire AI development happening around us. Nvidia will announce first-quarter earnings after the stock market closes on May 22. Zacks Investment Research expects the company to report earnings per share of $5.49, a year-on-year increase of 403%. According to Bloomberg, the recent performance of other artificial intelligence companies has been largely positive. NVDA shares rose to $922 on Monday, the highest level since April 1. Data from TradingView shows that its stock price has rebounded more than 20% from the regional low of $756 hit on April 19.

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