The market value of AI tokens has increased by 16% due to Nvidia's success

The prices of artificial intelligence tokens FET, TAO, RENDER, and NEAR have risen as the world's largest chip manufacturer, Nvidia, has surpassed Apple in market capitalization.

The AI tech giant Nvidia has reclaimed its position as the leading company globally, boosting its stock price by 2.84% and surpassing major tech rivals Apple and Microsoft.

Currently, Nvidia's market capitalization stands at $3.43 trillion, while Apple and Microsoft are valued at $3.38 trillion and $3.06 trillion, respectively.

In light of Nvidia's success, AI-related assets have begun to experience significant growth. For instance, after a week of declines, FET surged by 21.8% over the past day, raising its market cap to $3.65 billion.



Price chart of the FET token

The token of the decentralized AI platform Bittensor increased by 19.4% in the last 24 hours, reaching a market capitalization of $3.76 billion. Other AI assets are also seeing price increases: Render, NEAR Protocol, The Graph, and Akash Network prices rose by 10.97%, 10.47%, 9.44%, and 7.65%, respectively.

Over the past day, the combined market capitalization of AI tokens has grown by 16.8% to $28.5 billion.