Artificial intelligence-focused cryptocurrencies climbed Wednesday, defying the muted action of the broader digital asset market ahead of the quarterly earnings report of chip-making heavyweight Nvidia due later.when its co-founder spoke at an Nvidia conference earlier this year – saw a 2% gain during the same period and was the best performing asset – in theNvidia shares were lower by 1.5% just ahead of the close of regular trading Wednesday, with the earnings results due after the bell.
Patrick Moorhead, founder and CEO of Moor Insights & Strategy, said in anearlier this week that"the company is going to clearly beat expectations." The stock has climbed 90% this year and more than 200% year-over-year.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.
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