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NVIDIA's profit growth drives the development of AI and DePIN tokens
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NVIDIA's profit growth drives the development of AI and DePIN tokens

May 22, 2024

NVIDIA, a company manufacturing computer chips, holds key positions in various areas of the cryptocurrency business, including artificial intelligence and decentralized physical infrastructure network (DePIN). Analysts expect the upcoming NVIDIA earnings report to shed light on the role of cryptocurrencies in innovative technologies.

NVIDIA's influence extends beyond hardware, contributing to the development of AI and DePIN in cryptocurrencies. Previous reports reflected its performance and impacted related digital assets. The new financial data from NVIDIA is expected to influence key asset prices in these sectors.

DePIN has become one of the most discussed topics following statements from tech giants like OpenAI, Microsoft, and Google. These events and partnerships have led to the growth of related cryptocurrencies. The positive correlation between technological achievements and cryptocurrency performance represents new opportunities for investors.

Currently, the main players in these sectors include:

  • Internet Computer (ICP)
  • Fetch.ai (FET)
  • Render (RNDR)
  • The Graph (GRT)
  • Bittensor (TAO)
  • Filecoin (FIL)
  • Arweave (AR)
  • Theta Network (THETA)

On Monday, prices of five of these assets fell, while three others saw slight growth. Overall, investors remain optimistic and expect NVIDIA to revitalize the market.

NVIDIA shows interest in tokens related to its core operations and technological innovations. Analysts at @ourcryptotalk highlighted several tokens that could bring significant profits through integration with NVIDIA. For example, Render (RNDR) rewards users with tokens for providing GPU computing power. Bittensor (TAO) supports openness in the AI sector and rewards machine learning models. Theta Network, focusing on streaming and blockchain, attracts professionals from companies like Netflix and Amazon. These projects demonstrate growth potential and impact the cryptocurrency market.

These efforts not only enhance technological potential but also significantly impact the market with NVIDIA's development. As this leading tech company continues to reveal its financial and strategic plans, the value of AI and DePIN-related cryptocurrencies will fluctuate. This provides investors with numerous opportunities to benefit from the convergence of finance, technology, and virtual assets.

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