Why Nvidia’s 20% Rise Ignited Rally In Crypto AI Tokens
Crypto tokens with Artificial Intelligence (AI) applications have outperformed other assets as chipmaker Nvidia reached an all-time high. The legacy company’s stock price saw important gains as its bet on the AI sector paid off. Related Reading: SOL Tallies 5% Gains In One Day After Shopify Integrates Solana Pay As of this writing, crypto market tracker Coingecko data records double-digit gains for AI-based cryptocurrencies. Render (RNDR) and Akash Network performed best in the last 24 hours and the previous week, respectively, with the former recording a 6% profit and a 10% gain.....
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The California chipmaker says Q1 financials for fiscal 2022 are on track to surpass initial estimates with demand for crypto mining graphics cards on the rise. Nvidia says the positive performance of its various market segments has seen the company revise its initial forecasts for Q1 of fiscal 2022.The company made this known during its annual investor day on Monday revealing total revenue for Q1 is already tracking above the $5.30 billion forecast included in its previous end-of-year earnings call.This positive market performance has also extended to Nvidia’s graphics processing unit, or....
Leaked screenshots of the latest Nvidia GPU mining Ether at full power leaves gamers worried and miners rubbing their hands. Nvidia’s RTX 30 series of graphics cards have been subject to unending speculation, rumors and even ridicule since the firm first announced it would ship its latest GPU’s with a built-in Ether (ETH) mining limiter. A series of missteps saw the mining limiter on Nvidia’s RTX 3060 card first undone by crafty hackers and then completely removed by one of Nvidia’s own driver updates. The latest in a series of leaks now suggests Nvidia’s next major GPU release — the RTX....
Nvidia’s RTX 3070 and 3080 Ti models will go on sale over the course of the coming month. Nvidia’s new 3070 Ti and 3080 Ti graphics cards will launch with Ethereum hash rate limiters built in when they go on sale later this month. Nvidia announced the pending release of the new cards during its Computex 2021 livestream on Monday, where it unveiled specifications and release dates for both models.Of particular interest to cryptocurrency enthusiasts is Nvidia’s decision to launch the cards with in-built limiters aimed at curbing their Ether-mining utility. The company had previously pledged....
The California chipmaker says GeForce RTX 360 is for gamers, not cryptocurrency miners. The latter camp will get its own CMP mining infrastructure in the near future. Nvidia, a California-based hardware company known for developing industry-leading graphics cards, is doing everything it can to ensure that its upcoming GeForce RTX 3060 GPU ends up in the hands of gamers. To achieve that end, the company announced Thursday that it will limit the GeForce hash rate to make it less desirable to cryptocurrency miners. The company said the new RTX 3060 software drivers are designed to detect....
Both Bitcoin and Nvidia saw major growth in 2020, but Bitcoin’s market cap wins today. Amid a meteoric bull run in the cryptocurrency market, Bitcoin (BTC) is overtaking another major American company in terms of market capitalization.As Bitcoin price briefly crossed the $18,000 threshold on Nov. 18, Bitcoin’s market cap surged above $336 billion, outstripping the market cap of Nvidia — one of the world’s most well-known manufacturers of graphics cards.On Nov. 17, Nvidia’s shares closed at $330.7 billion, according to data from Macro Trends. The close follows a significant decline from a....