Nvidia Is Predicted To Break Through $1,100, The Crypto Market Can Also Be Bullish!

<p>&nbsp;"Wow let's be right? That's how crypto investors have to prepare from now on."</p><p><br /></p><p>Nvidia which is one of the biggest artificial intelligence (AI) players has managed to record second quarter revenue of $13.51 billion, which is higher than expected at $11.19 billion.</p><p><br /></p><p>Following Nvidia's earnings per share (EPS) of $2.70, the chipmaker expects its third-quarter revenue to rise further to $16 billion from its estimate of $12.59 billion.</p><p><br /></p><p>Several investment banking companies such as Rosenblatt, BofA, JPMorgan, Morgan Stanley, and Deutsche Bank have predicted that NVDA's stock price will be in the range of $560 to $1,100 in the future.</p><p><br /></p><p>It is already known that BTC reached a low of $25,800 in the past day, but the price rose slightly to reach $26,800 shortly after Nvidia's decision was released.</p><p><br /></p><p><br /></p><p>However, AI-related digital assets are the cryptos that have had the most positive impact as The Graph (GRT), Injective (INJ), Render (RNDR), SingularityNET (AGIX) and 0x0 have climbed by 2% to 22% in a day.</p><p><br /></p><p>According to Andrew Parkerson, the founder of Brush Creek Digital said that the crypto market could jump higher in the next few days if the price of NVDA can continue its increase of more than 5%.</p><p><br /></p><p>Pleased to be informed that mining companies Applied Digital, Hut 8, Hive and Iris Energy are strengthening their data centers to integrate AI then Applied Digital recently announced 'Elite Partner' status in the NVIDIA Partner Network.</p><p><br /></p><p>As a result, all mining company stocks mentioned above have recorded gains of 6% to 10% throughout the past day.</p><p><br /></p><p>So here it can be seen that the latest growth driven by Nvidia could signal a resurgence for the mining industry.</p>