{"id":252527,"date":"2024-02-23T04:25:28","date_gmt":"2024-02-22T22:55:28","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=252527"},"modified":"2024-02-23T04:25:28","modified_gmt":"2024-02-22T22:55:28","slug":"singularitynet-agix-soars-45-in-24-hours-as-ai-chipmaker-nvidia-profits-surge-by-triple-digits-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/singularitynet-agix-soars-45-in-24-hours-as-ai-chipmaker-nvidia-profits-surge-by-triple-digits-crypto-news\/","title":{"rendered":"SingularityNET (AGIX) Soars 45% in 24 Hours As AI Chipmaker Nvidia Profits Surge by Triple-Digits – Crypto News"},"content":{"rendered":"

<\/p>\n

\n

An artificial intelligence (AI)-focused altcoin is skyrocketing as tech giant Nvidia\u2019s profits leap by triple digits.<\/p>\n

According to a press release detailing Nvidia\u2019s Q4 financial report, the AI chipmaker hauled<\/a> in a revenue of $22.1 billion during Q4, up 23% from Q3 and 265% from a year ago.<\/p>\n

News of Nvidia\u2019s success preceded blockchain-based decentralized AI marketplace SingularityNET (AGIX<\/a>) jumping about 45% in 24 hours, going from a price of $0.506 on February 21st to trading for $0.738 at time of writing.<\/p>\n

\u201cNvidia today reported revenue for the fourth quarter ended January 28, 2024, of $22.1 billion, up 22% from the previous quarter and up 265% from a year ago. <\/em><\/p>\n

For the quarter, GAAP (generally accepted accounting practices) earnings per diluted share was $4.93, up 33% from the previous quarter and up 765% from a year ago. Non-GAAP earnings per diluted share was $5.16, up 28% from the previous quarter and up 486% from a year ago.\u201d <\/em><\/p>\n

The data also reveals that Nvidia profited $12.3 billion during Q4, up a staggering 769% year over year.<\/p>\n

As stated by Jensen Huang, founder and chief executive of Nvidia, in the press release,<\/p>\n

\u201cAccelerated computing and generative AI have hit the tipping point. Demand is surging worldwide across companies, industries and nations. <\/em><\/p>\n

Our data center platform is powered by increasingly diverse drivers \u2013 demand for data processing, training and inference from large cloud-service providers and GPU-specialized ones, as well as from enterprise software and consumer internet companies. <\/em><\/p>\n

Vertical industries \u2013 led by auto, financial services and healthcare \u2013 are now at a multibillion-dollar level.\u201d<\/em><\/p>\n

Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
\n
\nCheck Price Action<\/a><\/span><\/em>
\n
\nFollow us on Twitter<\/a>, Facebook<\/a> and Telegram<\/a><\/span><\/em>
\n
\nSurf The Daily Hodl Mix<\/a><\/span><\/em>
\n<\/p>\n

\n

Check Latest News Headlines<\/span><\/a><\/p>\n

&nbsp<\/p>\n

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n

Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

An artificial intelligence (AI)-focused altcoin is skyrocketing as tech giant Nvidia\u2019s profits leap by triple digits. According to a press release detailing Nvidia\u2019s Q4 financial report, the AI chipmaker hauled in a revenue of $22.1 billion during Q4, up 23% from Q3 and 265% from a year ago. News of Nvidia\u2019s success preceded blockchain-based decentralized […]<\/p>\n","protected":false},"author":2,"featured_media":115499,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-252527","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/252527","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=252527"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/252527\/revisions"}],"predecessor-version":[{"id":252529,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/252527\/revisions\/252529"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/115499"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=252527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=252527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=252527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}