Nvidia’s Q1 results sent its stock soaring 6%, but AI tokens barely moved

May 23, 2024 Coin Telegraph

Nvidia’s strong earnings report didn’t have the immediate effect on AI crypto tokens that traders expected.

The price of artificial intelligence (AI)-related cryptocurrency tokens briefly tumbled despite Nvidia’s impressive first-quarter earnings report, contrary to crypto traders’ expectations.

Nvidia — which produces chips companies use to train and deploy AI models — saw Q1 revenue jump 18% from Q4 2023 and surge 262% from a year ago, beating analyst estimates of $24.6 billion, Cointelegraph reported on May 23.

The earnings report was released after the New York Stock Exchange (NYSE) market closed on May 22. Nvidia spiked 6.06% in after-hours trading, reaching $1,007 at the time of writing, according to data from Yahoo Finance.

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Top-50 Solana-Based Altcoin Primed for a ‘Much Higher’ Price, According to Crypto Trader – Here’s the Timeline

May 18, 2024 The Daily Hodl

Altcoins

A closely followed crypto strategist believes one Top-50 artificial intelligence (AI)-related altcoin is preparing to witness big rallies in the coming months. Pseudonymous analyst Altcoin Sherpa tells his 215,400 followers on the social media platform X that Render (RNDR), a project related to Graphics Processing Units (GPUs), will likely hold a range low as support. […]

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‘Smart Money’ Whales Accumulating Two AI Altcoins From Binance, According to On-Chain Analysts

May 8, 2024 The Daily Hodl

Deep-pocketed investors are scooping up massive amounts of two artificial intelligence (AI)-related altcoins, on-chain data suggests. Blockchain-monitoring service Lookonchain noticed that a Binance wallet linked to crypto investment firm DWF Labs suddenly received a large amount of Fetch.ai (FET), a decentralized machine learning project. “Wallet ‘0x633c’ transferred 1 million FET ($2.25 million) to DWF Labs […]

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Trader Names One Altcoin As ‘AI Bet’ for 2024, Updates Outlook on Two Additional Crypto Assets

May 7, 2024 The Daily Hodl

A popular crypto trader says he’s long-term bullish on an artificial intelligence (AI)-related altcoin even though its chart is flashing some potential warning signs. The pseudonymous crypto analyst known as Altcoin Sherpa tells his 215,900 followers on the social media platform X that Render (RNDR) is his top AI pick for this market cycle. “Going […]

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This Week’s Crypto Gainers: Worldcoin Leads Surge, ZBC and SEI See Largest Declines

May 6, 2024 Bitcoin.com

bitcoin.com

Although last week saw some progress compared to the previous one, bitcoin has only experienced a slight 2% increase, whereas ethereum has incurred a 1.6% loss during the same period. Among alternative cryptocurrencies, worldcoin (WLD) emerged as the standout performer, surging by 32.4% against the U.S. dollar, while render (RNDR) experienced a notable spike of […]

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Trader Predicts One Blue-Chip Altcoin Will Explode 260%+ This Year, Updates Outlook on Fetch.ai and Render

April 27, 2024 The Daily Hodl

Altcoins

A closely followed crypto strategist is predicting an explosive rally later this year for one Ethereum (ETH) competitor. Pseudonymous analyst Altcoin Sherpa tells his 215,500 followers on the social media platform X that Solana (SOL) could soar 267% from its current value. “SOL: averaging into SOL is never a bad idea in my opinion. I […]

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Analyst Predicts Corrections for Two AI Altcoins, Says One Low-Cap Coin in Danger of Significant Pullback

April 22, 2024 The Daily Hodl

Altcoins

A closely followed crypto strategist known for his timely altcoin calls believes two coins in the artificial intelligence (AI) subsector are going to see more downside price action. Pseudonymous analyst Altcoin Sherpa tells his 215,200 followers on the social media platform X that Render (RNDR), a project related to Graphics Processing Units (GPUs), could revisit […]

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Trader Says He’s Still ‘Hugely Bullish’ on This Gaming Altcoin, Updates Outlook on Arbitrum and Render

April 12, 2024 The Daily Hodl

Altcoins

A widely followed crypto strategist is remaining bullish on one gaming altcoin this market cycle. Pseudonymous analyst Altcoin Sherpa tells his 214,300 followers on the social media platform X that Beam (BEAM) seems to have a lot more upside potential. “BEAM: one of my bags. It’s just chilling the last several weeks. Still hugely bullish […]

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Analyst Says Next Leg up Incoming for Altcoins, Updates Outlook on Solana and Two Other Crypto Assets

March 27, 2024 The Daily Hodl

Altcoins

A popular crypto trader believes altcoins are on the verge of big rallies after a pullback in the digital assets market. The pseudonymous analyst known as Altcoin Sherpa tells his 212,400 followers on the social media platform X that Render (RNDR), a project related to Graphics Processing Units (GPUs), seems to be consolidating in preparation […]

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Trader Says He’s Still Incredibly Bullish on Top Ethereum Rival, Updates Outlook on Bitcoin and Three Altcoins

March 21, 2024 The Daily Hodl

Altcoins

A closely followed crypto strategist remains bullish on a top Ethereum (ETH) competitor despite a sudden correction. Pseudonymous analyst Altcoin Sherpa tells his 212,100 followers on the social media platform X that Solana (SOL) is showing strength after retesting the $165 Fibonacci retracement level. “SOL: good first reaction to that $165 level. To be determined […]

The post Trader Says He’s Still Incredibly Bullish on Top Ethereum Rival, Updates Outlook on Bitcoin and Three Altcoins appeared first on The Daily Hodl.

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