- Nvidia to dig deeper into Artificial Intelligence processors.
- AI cryptocurrencies have surged over 24 hours.
- The global crypto market seems to be recovering from earlier losses.
Nvidia faces competition but remains unhindered by confirming its commitment to Artificial Intelligence processors. This is one of the factors that has brought a significant bull run for AI cryptocurrencies, with some of the top tokens leading the charge. Overall, the crypto market seems to be recovering from earlier downtrends as the market cap is up and FGI has shifted upward slightly.
Nvidia and Artificial Intelligence Processors
Nvidia is reportedly taking a deeper dive into Artificial Intelligence processors. This has brought out its above-market-estimates forecasts for the ongoing quarter. As for its Wednesday rollout, the chip-maker posted better results for the January quarter despite a flat stock performance.
For now, Nvidia CEO Jensen Huang has expressed the company’s commitment to keep building the AI infrastructure.
A major concern, however, is around how much shareholders get back from the projected cash generation of around $100 billion. The concern stems from the flat stock price, which last closed at $195.56, up by 1.41%. It has gained 0.59% during overnight hours to $196.73. Another concern is around the supply of chips – Nvidia has clarified having sufficient inventory per the demand.
AI Cryptocurrencies Surge
The impact has been more than evident on the prices of AI cryptocurrencies. TAO surged by 7.12%. Other top tokens jumped more significantly. For instance, NEAR gained 15.74% during the last 24 hours. While the AI crypto continues to trade in red over a month-time, an uptick marks a recovery at the time of global uncertainty.
ICP and FIL each gained 10.54% and 11.80%, respectively, during the same timeline. Some of the top gainers, at the time of writing this article, are RVV, BDP, and WARD. They have added 51.72%, 48.38%, and 44.47% to their respective values.
The growth of AI cryptocurrencies is also reportedly attributed to a blend with traditional AI and the structural evolution, along with the concept of smart blockchains.
Recovery for Cryptocurrencies in General
The crypto market seems to be recovering from recent downtrends, given that the market cap is up by 4.71% and the FGI has shifted upwards to 16 points. The CMC20 Index has also jumped by 5.60%. Growth of BTC has been overshadowed by ETH as Ether is up by 9.03% while Bitcoin tokens have only gained 4.82% in a single day.
It is important to understand that the content of this article is neither advice nor a recommendation – do thorough research and risk assessment before crypto investments.
Highlighted Crypto News Today:
ETHZilla Shares Jump Following Rebrand to Forum Markets
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Crypto Market Prepares for Major March 2026 Events and TGEs
March is pivotal for crypto events, featuring significant token generation events for projects like Katana, Lombard, and Playnance. A busy schedule includes various unlocks and initiatives, presenting ample opportunities for investors and traders.
BlockChainReporter16m ago
USDC circulation increased by approximately 1.7 billion in one week, with total circulation reaching 78.7 billion
Gate News reports that on March 15, according to data from Circle's official website, during the week ending March 12, USDC issued approximately 5.2 billion tokens and redeemed approximately 3.6 billion tokens, with circulating supply increasing by approximately 1.7 billion tokens. As of March 13, USDC's total circulating supply was approximately 78.7 billion tokens, with reserve assets valued at approximately $78.9 billion.
GateNews2h ago
Binance Adds Support for NIGHT as Midnight Expands Web3 Privacy Reach
Binance has announced the listing of Midnight Network’s NIGHT token on the exchange and distributed 240 million NIGHT tokens to its HODLer Airdrops page members.
Charles Hoskinson described the listing as a ‘major accomplishment’ for the Cardano ecosystem, which will introduce NIGHT to 500 mi
CryptoNewsFlash4h ago
Osmosis Proposal Aims to Align Cosmos Around ATOM as Core Coordination Asset
Osmosis has proposed merging its chain into the Cosmos Hub to make its DEX native infrastructure for the Hub.
The merger would swap OSMO tokens for ATOM at a rate of 0.0355:1.998, based on price patterns in the past 30 days.
Osmosis, the largest decentralized application in the Cosmos
CryptoNewsFlash4h ago
VeChain StarGate Staking Platform Shows Strong Growth Three Months After Hayabusa Fork
VeChain's StarGate staking platform has experienced significant growth post-Hayabusa fork, cutting annual VTHO emissions by 50.2% and increasing active stakers by 93.9%. The platform now holds 10.7 billion VET, enhancing user participation and rewards structure.
CryptoNewsFlash4h ago
