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AI tokens expected to rally after NVIDIA's impressive Q1 '24 report

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After NVIDIA's Q1 earnings report on Wednesday beat analysts' expectations, history suggests AI tokens could be set for an impressive rally.

TAO and

reported earnings per share of $6.12, beating expectations of $5.65. AI & Big Data-related tokens have shown a positive correlation with reported revenue of $26.04 billion in its Q1 '24 earnings report on Wednesday, beating analysts' $24.69 billion estimate by 5.4%. The company's year-on-year earnings growth is about 262%.

earnings this week Crypto tokens related to AI and Big Data are expected to rally after the

 

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