Shares in Nvidia reached a record high during Wednesday’s post-market hours after the company beat analyst estimates to report record revenue of $26.04 billion for the first quarter. The rally might be a positive signal for cryptocurrencies, including tokens supposedly associated with AI technology. This is because, historically, the inflow of money into the crypto market and the so-called AI coins has been partly contingent on outsized gains in NVDA and the tech-heavy Nasdaq index. Top AI coins such as FET, ICP, RNDR and GRT traded mixed, having rallied in the lead-up to the NVDA announcement, according to data by CoinGecko.
BTC, ETH Consolidate Ahead of Ether ETF Decision
