Render (RNDR) Dominates AI Crypto Market Amid Record Nvidia Profits

On Wednesday, Nvidia Corp. (NASDAQ: CORP), a leading global provider of artificial intelligence (AI) software and hardware products, announced its fiscal 2025 revenue for the first quarter ended April 28. According to announcement, Nvidia reported revenue of $26 billion in the first quarter, up 18% from the previous quarter and 256% year-over-year.

The company’s data center reported an increase in revenue of $22.6 billion, an increase of 23% from the previous quarter and more than 420% year-over-year. Ultimately, the company increased its quarterly cash dividend by 150 percent to $0.01 per share after the ten-for-one stock split.

As a result, NVDA stock gained more than 6 percent in Wednesday’s after-hours session to trade around $1,007. Remarkably, NVDA stock is up more than 91% year to date.

AI crypto projects follow Nvidia in tandem

Over the past few quarters, AI crypto projects have benefited significantly from Nvidia’s impressive stock market growth. According to the latest market data, the AI ​​crypto industry has a market capitalization of approximately $35.4 billion and an average daily trading volume of approximately $2.2 billion.

Some of the leading AI-focused crypto projects include Fetch.ai (FET), Render (RNDR), The Graph (GRT), Bittensor (TAO), and SingularityNET (AGIX), among others.

According to market intelligence platform Santiment, whale activity in the AI ​​and crypto sectors has seen a surge led by Render (RNDR). Specifically, a known RNDR whale sent 4.89 million units worth over $52 million to an unknown wallet address.

As a result, RNDR’s daily average trading volume soared more than 107 percent to around $836 million on Thursday at the start of the Asian session.

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