Artificial Intelligence-focused cryptocurrencies and stocks are set to be in the spotlight next week as Nvidia publishes its quarterly results after the closing bell on Wednesday, Aug. 28.

Leading up to this event, Akash Network has seen a 10% rise in the past seven days. Similarly, Bittensor, Render Token (RNDR), and Artificial Superintelligence Alliance (FET) have all surged by over 30% during this period.

According to recent data, the market cap of all AI tokens increased by over 13.7% on Aug. 24, with trading volume reaching $1.7 billion.

These gains were influenced by Federal Reserve’s Jerome Powell hinting at potential interest rate cuts in September.

Nvidia’s stock has experienced a remarkable rise of over 161% this year, achieving a market cap of over $3.1 trillion, making it the third-largest company globally.

The upcoming results are expected to indicate whether the demand for AI is increasing. In its first-quarter results, Nvidia’s revenues jumped by over 240% to more than $26 billion. Analysts predict its revenue will grow to $28.6 billion in the second quarter.

A former Nvidia employee shared his insights, stating that Nvidia has an aggressive roadmap. He mentioned that by 2026, Nvidia plans to release a chip called Rubin. However, he noted that the most significant risk for Nvidia is failing to execute its roadmap effectively.

Strong revenues and positive forward guidance could bode well for the industry, potentially leading to higher prices for associated assets. Conversely, results that fall below estimates could lead to a sharp reversal.

Both Akash Network and Render Token are closely aligned with Nvidia’s business as they operate at the intersection of blockchain and the semiconductor industry. They provide distributed GPU rendering solutions on the blockchain network.

For instance, data from Akash Network shows that one can hire Nvidia’s H100 GPU for less than $1 an hour, offering an affordable option for a product that retails for over $30,000.

Bittensor offers a platform that decentralizes the creation of machine intelligence solutions, and its token has risen by 106% from its lowest point in August.

Other top AI tokens to watch as Nvidia publishes its earnings include AIOZ Network (AIOZ), Arkham (ARKM), The Graph (GRT), and Internet Computer (ICP).

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