There’s been a big jump in AI tokens lately, which are digital assets related to artificial intelligence. Even when other investments were shaky, AI tokens and some regular stocks had good growth on February 21st.
For example, a token called Render (RNDR), used for special computer tasks, rose by 17% in just one day. Another one, The Graph (GRT), went up by 18%. Fetch.AI (FET) and SingularityNet (AGIX) also made big gains.
The total value of AI tokens went up by 9% to $17.8 billion after Nvidia, a big tech company, shared its earnings report. The value of AI tokens more than doubled this month, from $7 billion to $17 billion.
Nvidia’s report was great news for AI tokens, but the rise has been building for a while. It got even stronger after OpenAI introduced a cool new tool called Sora.
Nvidia made a lot of money last quarter, way more than expected. They said their AI business did really well, and that’s why they made so much.
Nvidia’s success also helped other companies. For example, Taiwan Semiconductor Manufacturing Company (TSMC) and Super Micro Computer saw their stocks go up too.
The good performance of AI tokens and related stocks shows how important AI is becoming. It’s a promising sign for people who invest in technology and finance.
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