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NVIDIA, the undisputed leader in artificial intelligence production, released its fiscal first-quarter reports. It recorded staggering sales of over $26 billion over the past three months, ending the month of April with a whopping profit of $14.9 billion. This raised its profit margin to over 600% and generated an increase in revenue of 200% compared to the previous year.
NVIDIA’s report came at a time when the stock market is experiencing great momentum, with the price of NVIDIA trading over $1,000 hitting a new all-time high. Much of NVIDIA’s success has been attributed to high demand and interest in AI; NVIDIA witnessed a straight quarter growth of 200%, signalling a boom in the AI sector.
In the past few months, NVIDIA has seen sales of its chips and graphic processing units (GPU) hit new highs, attracting competition from big tech companies and new AI startups looking to enter the AI market and make more powerful models.
NVIDIA’s impressive report is expected to have a positive impact on top cryptocurrency tokens related to AI and Big data. Previous price data suggests a correlation leading to massive price rallies for many AI and big data crypto projects, and this would not be an exception.
NVIDIA's report signals AI boom and a big narrative in the crypto bullrun
NVIDIA’s rising stock has attracted many cryptocurrency enthusiasts who believe it could provide a clear direction to artificial intelligence (AI) and the future of AI crypto tokens. The trend for NVIDIA stocks is closely correlated with the trend for AI crypto tokens, as these tokens tend to rally behind NVIDIA.
According to the data from Santiment, an Intelligence on-chain data platform on its X account, it provided a precise performance of AI tokens and big data projects rallying with NVIDIA's stock after such an outstanding first-quarter report beyond many analysts' expectations.
NVIDIA's monstrous surge from its reports shows that AI tokens are also surging, with many AI tokens up over 500% during the past months. This price rally has stemmed from a renewed euphoria around the AI market and the potential it possesses ahead of the crypto bullrun.
AI tokens such as Render token (RNDR) and Fetch.ai (FET) have gained much momentum following recent price gains in NVIDIA stocks, which show a close correlation with the top-traded crypto AI tokens.
With the current bullrun focusing on AI tokens after witnessing many price rallies in the past few months, many retailers and analysts are creating awareness regarding a shift in market sentiments. Many traders and users have traded more AI tokens, recording greater success compared to other tokens.
Many of these user trading strategies have been employed using the Margex automated copy trading system with over 90% profitability return. Combining AI tokens market trends and adapting strategies of copy traders, many users have experienced a better win ratio than spot trading.
The growth of NVIDIA’s stocks has positively influenced crypto AI tokens. It could fuel more AI token rallies, generating high-profit returns for copy traders as AI tokens remained the better performers in Q1.
AI crypto tokens available on The Margex copy trading platform
Artificial intelligence (AI) is reshaping the financial market, with many users looking for simplified and more promising strategies to trade AI tokens, reducing the time spent analyzing the market and maximizing profitability.
NVIDIA’s report hints at a thriving market that could be worth trillions of dollars in the next few months, ahead of an impending bullrun that has created much excitement among users and traders about AI tokens.
AI tokens such as Fetch.ai (FET), Render Token (RNDR), Near Protocol (NEAR), and others are all listed on the Margex platform and can be traded using the Margex automated copy trading platform.
Margex copy trading is a platform that allows different users to replicate the trades of experienced traders in real time. This enables users to diversify their portfolios and focus on improving their copy trading strategies and other investment techniques.
The future of trading lies with copy trading. This strategy is gaining much popularity in the cryptocurrency market, allowing users to trade highly profitable AI tokens on a highly intuitive platform.
Margex has spent over $3 million redesigning its platform. Enabling its zero-fee converter has improved trading experiences, as users can easily swap tokens within the platform.
Margex also plans to unveil its ultra-modern wallet for users, promoting self-custody and safety and improving asset management. Margex allows users to mirror trades and become profitable with as little as $10.
Here is a short guide needed to avail yourself the opportunity to remain profitable using the Margex automated copy trading platform:
1. Select a trader to follow
Owning an account on the Margex copy trading platform is required to access all of its robust features that make its platform stand out in the cryptocurrency space. On successful login, head to the copy trading page to pick a professional trader to mirror trades. This trader should meet your risk level and profit goal and have a good track record of profitability.
2. Click follow to mirror trades
Clicking on the follow button mirrors all trades by the professional trader. Users can follow multiple successful traders.
3. Choose a desired amount for trading
Decide on a fixed amount you wish to set aside for copy trading.
4. Confirm copy trading
Carefully review all information before initiating your copy trading strategy. Click on Continue to start your copy trading journey.
Yuri Molchan
Denys Serhiichuk