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Artificial Intelligence (AI) Cryptos Fetch.AI (FET), Render (RNDR), Bittensor (TAO) Gain in Price Ahead of Nvidia (NVDA) Earnings
Artificial intelligence-driven cryptocurrencies climbed on Wednesday, defying muted action in the broader digital assets market ahead of chipmaking heavyweight Nvidia’s (NVDA) quarterly earnings report expected later.
Large-cap AI tokens such as those from Fetch.ai FETRendering RNDRBittensor and SingularityNET TAO AGIX advanced by 4 to 5% over the last 24 hours, CoinGecko data watch. Decentralized Physical Infrastructure Network (DePin) AIOZ Network Token (AIOZ) jumped 7% within the day following news that the chipmaker listed the project on the Nvidia Accelerated Applications Catalog where users can search for tools and services built on Nvidia platforms.
The native token of the Near Protocol Layer 1 (L1) network (CLOSE) – which attracted some buzz when its co-founder spoke at an Nvidia conference earlier this year – recorded a 2% gain during the same period and was the best performing asset – in the CoinDesk20which fell 0.6% alongside modest declines for bitcoin (BTC) and ether (ETH).
Nvidia shares were down 1.5% just before the close of regular trading on Wednesday, with results expected after the bell. Patrick Moorhead, founder and CEO of Moor Insights & Strategy, said in a statement. interview with Yahoo Finance earlier this week, “the company will clearly exceed expectations.” The stock has climbed 90% this year and more than 200% year-over-year.