Chip giant NVIDIA announced its fourth-quarter earnings after the US stock market closed on Wednesday, reporting revenue of $22.1 billion, higher than analysts’ expectations. This news drove the stock price to surge by 9% in after-hours trading, and AI concept coins also experienced a collective rise.
Global financial markets are closely watching the latest financial data of AI chip leader NVIDIA. After the US stock market closed on the 21st and in the early morning of the 22nd in Taiwan, NVIDIA officially announced its fourth-quarter earnings, showing revenue of $22.1 billion, surpassing analysts’ expected $20.4 billion, with a year-on-year growth rate of 265% (adjusted EPS: $5.16, surpassing the estimated $4.2).
This data highlights the significant progress of the company in the fields of computation and generative artificial intelligence. NVIDIA CEO Huang Renxun pointed out that this data symbolizes the strong global demand for AI technology. According to the financial report, NVIDIA’s data center business revenue grew significantly, with a year-on-year increase of 409%. Additionally, the gaming, professional visualization, and automotive-related businesses also achieved steady growth.
After the impressive financial data was released, NVIDIA’s stock price jumped by 9% in after-hours trading, reaching $735, fully recovering from the previous two days’ decline.
On the other hand, with artificial intelligence becoming a hot topic, “blockchain + AI” has also become a track of interest for cryptocurrency market investors. According to Coingecko data, the current market value of tokens related to generative AI has exceeded $16.8 billion, and the top few tokens have shown a general rise in the past 24 hours.
Top five AI concept coins in terms of market value increase:
TAO: Bittensor’s native token, remained stable
RNDR: Render Network’s utility token, increased by 7.9%
FET: Fetch.ai’s token, increased by 6.2%
AKT: Akash Network’s native token, increased by 11.3%
AGIX: SingularityNET platform token, increased by 20.5%
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