Nvidia’s share price saw a 15% increase after a brief slump during the previous trading week, prompting analysts to speculate about the price movements of AI crypto tokens.
The share price of Nvidia (NVDA), one of the biggest producers of graphics processing units (GPUs), has recovered by 15% this week, leading analysts to speculate whether “bottomed out” artificial intelligence (AI) crypto tokens will follow suit.
“This is absolutely insane,” trading resource The Kobeissi Letter declared in an April 27 post on X, while pointing out the major climb seen in Nvidia’s market cap within the past trading week:
“The stock has jumped from a low of $756 to $880+, adding ~$320 BILLION in market cap,” it added.