Analysts Anticipate Impact of Nvidia Earnings on AI Cryptocurrencies

Tuesday, 14 May 2024, 15:50

Nvidia is gearing up for its earnings report, drawing attention from analysts and investors in the AI space. Analysts forecast strong results amid heightened interest in AI-related cryptocurrencies. The growing AI sector and Nvidia's strong performance are key drivers of anticipation.
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Analysts Anticipate Impact of Nvidia Earnings on AI Cryptocurrencies

Nvidia Earnings Could Boost AI Coins

Nvidia is set to release its earnings report in nine days, capturing the attention of analysts and investors. With the chipmaker's strong track record and the booming AI sector, expectations are high. This anticipation also stirs interest in AI-related cryptocurrencies as market watchers speculate on potential impacts.

Analysts Predictions and Market Sentiment

  • Deutsche Bank analysts expect multi-billion dollar beats from Nvidia due to soaring demand for AI computing. They maintain a 'hold' rating on Nvidia shares, considering them 'fully valued'.
  • Wells Fargo analysts project an upside in Data Center revenue, leading to a target price raise for Nvidia.
  • Mister Crypto and The Crypto Dog foresee a surge in AI coins post-Nvidia's earnings.

AI Projects Making Waves

  1. PALM AI: Focuses on multi-platform AI solutions.
  2. GraphLinq: A no-code automation platform.
  3. VoluMint: Enhances crypto market-making.
  4. Atlas: Real-time road conditions with AI.
  5. ChainGPT: AI tools for Web3.
  6. Sleepless AI: AI and blockchain for gaming.
  7. Node AI: Offers AI and GPU resources.
  8. enqAI: Creates bias-free AI models.
  9. EMC Network: Blockchain for AI applications.
  10. AQTIS: Provides AI-powered DeFi tools.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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