AI Market Cap Reaches All-Time High after Nvidia Earnings Beat
AI-focused cryptocurrencies have seen a boost in the past week thanks to Nvidia’s impressive quarterly sales report. NEAR Protocol (NEAR) is currently leading the pack with a 20% increase in value, trading at $6.67 per coin. Other tokens like Internet Computer (ICP), Bittensor (TAO), FET, and SingularityNET (AGIX) have also seen gains ranging from 20% to 26.4% in the same period.
But the real star of the show has been Qubic (QUBIC), Virtuals Protocol (VIRTUAL), Grass (GRASS), and Livepeer (LPT), which all saw gains above 41%, with Qubic leading the charge at an impressive 79.5% increase.
All these positive movements have helped the total market cap of AI coins reach a record high of $42.19 billion.
Nvidia’s stellar third-quarter earnings report, boasting record sales of $35.1 billion, triggered this surge in the AI sector. CEO Jensen Huang’s announcement of strong demand for the Blackwell chip has investors excited, with expectations of revenue exceeding $7 billion in Q4 2025.
Nvidia’s stock has also been on a tear this year, climbing over 180% as a result of robust sales growth and investments in AI technologies. Analysts at Citi are optimistic about Nvidia’s future, predicting a price target of $175 within the next 90 days, driven by the Blackwell chip’s success.
This rally in AI-related cryptocurrencies is not new. Positive news about Nvidia often fuels gains in these tokens, as we saw in November when Nvidia briefly overtook Apple as the most valuable company. Additionally, recent policy changes in the U.S., including the appointment of an “AI czar” to oversee AI policy, have also contributed to the current bullish sentiment in the sector.
