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Artificial Intelligence tokens hold their gains after Nvidia's strong results
Artificial intelligence (AI)-based cryptocurrencies continue to post high gains as NVIDIA Corporation beat second-quarter earnings estimates. The development points to the persistence of the AI trend.
According to FactSet data, Nvidia reported second-quarter revenue of $13.51 billion versus consensus estimates of $11.19 billion. The company's earnings per share reached $2.70, beating estimates of $2.08. The chipmaker said it expects to hit around $16 billion in the third quarter, against estimates of $12.59 billion.
AI tokens such as FET, GRT, INJ, RNDR, and AGIX have risen more than 4 percent over the past 24 hours, outperforming the 3 percent of the CoinDesk Market Index (CMI).
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