Nvidia's fourth-quarter profit beats expectations, AI tokens perform strongly

FactSet data shows that Nvidia announced on Wednesday that its fourth-quarter earnings per share were $5.16, exceeding analysts' average expectation of $4.59 per share. The chip manufacturer also reported revenue of $22.1 billion, higher than Wall Street's expectation of $20.4 billion.

After Nvidia's financial report was released, AI tokens surged. SingularityNet (AGIX) rose more than 20%, FetchAI (FET) rose more than 10%, Render rose more than 10%, and RNDR rose 8%. According to CoinGecko data, the overall market value of AI tokens has exceeded $16.5 billion.