Nvidia's recent quarterly results have sent shockwaves through the market, driving a surge in AI-related cryptocurrency tokens.
According to data from various sources, these tokens have seen significant gains, with NEAR Protocol leading the pack at over 16%. This uptrend coincides with Nvidia's better-than-expected earnings report, which exceeded analyst expectations and marked a quarterly record for the company's data center business.
The spike in AI token prices is not unexpected, given Nvidia's status as a barometer of broader AI sentiment. The company's revenue from its data center business has been steadily increasing, driven by growing demand for AI applications.