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- Nvidia Shatters Expectations, Keeping AI Hype Alive
Nvidia Shatters Expectations, Keeping AI Hype Alive
Damon James
August 29, 2024
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August 29th, 2024
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Read Time: 10 Minutes
Today’s Menu
Nvidia Shatters Expectations, Keeping AI Hype Alive
Bitcoin Stumbles, TON Blockchain Faces Repeated Outages Amid DOGS Token Chaos
Markets
Price | 1 Day Change |
|---|
Bitcoin | $60,864 | .8% ⬆️ |
|---|---|---|
Ethereum | $2,582 | 1.3% ⬇️ |
Solana | $146 | .7% ⬇️ |
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TODAY IN AI
Nvidia Shatters Expectations, Keeping AI Hype Alive
Nvidia just delivered a powerful earnings report that reassured the entire AI industry. With its Q2 revenue surging by 122%, Nvidia not only exceeded analysts' lofty expectations but also projected even higher earnings next quarter.
As the dominant player in AI chips, controlling 90% of the market, Nvidia's success is critical for the broader tech landscape. Investors can breathe a sigh of relief—for now, the AI bubble remains intact, and Nvidia's position as the industry's cornerstone is solidified.
Today In Crypto
Bitcoin Stumbles, TON Blockchain Faces Repeated Outages Amid DOGS Token Chaos
Bitcoin briefly regained ground above $60,000 after a sharp decline earlier this week, but it remains nearly 6% below Monday’s levels. Meanwhile, the TON blockchain suffered two outages in 24 hours, both linked to the DOGS token, causing its native token to dip below $5.20 before a slight recovery.
The arrest and subsequent release on bail of Telegram CEO Pavel Durov further influenced market volatility, with Polymarket bettors losing $270,000 due to unexpected developments in his case.
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