Artificial Intelligence-related crypto assets recorded notable gains following a surge in the Nvidia stock price.

Nvidia Corp’s stock rose by 8.15% on Sept. 11, closing the day at $116.91. The company’s market cap reached $2.86 trillion. Nvidia has experienced a 142.7% rally this year so far.

Following Nvidia’s bullish momentum, AI-focused cryptocurrencies saw a 0.3% rise over the past day. The total market cap for AI tokens is currently hovering at $23.46 billion with a daily trading volume of $1.5 billion.

Top 3 AI Tokens – Sept. 12

NEAR Protocol gained 5.3% in the past 24 hours and is trading at $4.15 at the time of writing. Another significant performer, the Artificial Superintelligence Alliance, surged 8.4% and is currently valued at $1.42.

Internet Computer, on the other hand, declined by 4.3% and is currently trading at $8.39.

The movements of Nvidia stock and AI-related tokens have shown remarkable similarity lately. Some leading tokens in the category, including FET and Render, recorded double-digit declines as the Nvidia stock price plunged 9.5%, resulting in a loss of $280 billion for the company.

Another bullish catalyst for AI cryptocurrencies was the announcement of Apple Intelligence at the iPhone 16 event on Monday, Sept. 9. Apple hinted at publicly releasing its generative AI in October with improvements to Siri, its popular voice assistant.

Stay updated with the latest news on cryptocurrencies, investing, and finance on Global Crypto News.

Post Views: 1