NVIDIA is expected to release its earnings report, and AI concept coins pump before the announcement, with FET and TAO rising by 8.8% and 4.7% respectively.

2024-08-26 08:08:56

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Golden Finance reported that this Monday, AI concept tokens led the market. Before the release of NVIDIA’s expected profit report, FET and TAO rose by 8.8% and 4.7% respectively. Historically, NVIDIA’s stock price has always been a bellwether for the rising AI concept token field, and its token price has pumped due to expectations of its profitability. FactSet analysts expect earnings per share to reach a record high this quarter, with earnings per share at 65 cents, a rise of 141% compared to the same period last year. Revenue is expected to reach $28.72 billion, a rise of 113%. This will be NVIDIA’s fifth consecutive quarter of achieving triple-digit growth. Given the possibility of a rate cut by the Federal Reserve in September, the technology zone is expected to perform strongly for the remainder of the year.

FET3.66%

TAO-5.03%

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