AI crypto tokens are on the frontline for market recovery on Wednesday, with some posting double-digit gains. The optimism likely stems from Nvidia’s upcoming fourth-quarter (Q4) earnings, due today.
Meanwhile, Bitcoin remains in murky waters, trading below the psychological $90,000 level with prospects for further losses amid a brewing bearish cycle.
AI Crypto Tokens Outperform Bitcoin Ahead of Nvidia Earnings
AI cryptos token prices are surging. Some, including Story (IP), AI Rig Complex (ARC), Livepeer (LPT), and aixbt by Virtuals (AIXBT), are posting double-digit gains, data on CoinGecko shows.
Meanwhile, others like Near Protocol (NEAR), SingularityNET (AGIX), Internet Computer (ICP), and Render (RNDR) are also rising, although by single digits.
The performance of AI tokens is notable, given the broader market lull. As BeInCrypto reported, Bitcoin was trading in the $88,000 range. Meanwhile, the total crypto market cap lost almost 3% in 24 hours on Wednesday.
According to analysts, the optimism reflected among AI crypto coins is likely ascribed to Nvidia’s Q4 earnings. Featuring among the top crypto news this week, the report is due for release later in the day.
“The crypto market rebounded today, with AI-related tokens leading the way. Will NVIDIA’s earnings push AI tokens even higher?” a popular account on X posed.
Nvidia will release its Q4 fiscal year 2025 (FY2025) earnings today after market close. The highly anticipated report, covering the period from November 1, 2024, to January 31, 2025, highlights the company’s dominant role in AI and GPU technology.
A strong report may fuel bullish sentiment in AI crypto tokens, often tracking Nvidia’s performance as a proxy for AI sector growth.
“If Nvidia earnings are good AI coins are going to put in god candles,” a popular user on X observed.
Conversely, concerns over AI efficiency improvements reducing the need for Nvidia’s high-end chips could create volatility in AI crypto markets.
Insights from Nasdaq indicate that analysts project Nvidia to report revenue of $38.32 billion for Q4 FY2025. This would mean a 73% year-over-year (YoY) increase, surpassing its prior guidance of $37.5 billion.
Similarly, net income is expected to soar to $21.08 billion, up from $12.84 billion a year ago. Nvidia’s data center chips, particularly its new Blackwell platform, are key revenue drivers amid rising AI infrastructure demand.
Investor confidence remains high, with 17 out of 18 analysts rating Nvidia as a “buy” and a consensus price target of $175. This indicates a 38% potential upside from its current price of $126.50.
However, the stock has faced a 15% decline from its January highs. This was due to concerns over a Chinese research lab, DeepSeek, developing methods to train AI models with reduced computing power.
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