Nvidia (NVDA) Q4 2024 Earnings Report Could Impact AI-Related Cryptocurrencies Like BitTensor (TAO)

With a staggering market cap of $3 trillion, Nvidia remains a dominant force in AI and GPU-driven technologies. However, its stock has faced significant pressure

Nvidia (NASDAQ:NVDA), one of the most influential tech giants, is set to report its Q4 2024 earnings today, Thursday, February 26. As investors closely monitor the results for any surprises or outperformance, the broader impact on AI-related cryptocurrencies like BitTensor (TAO) and the rising BTC Bull (BTCBULL) token is also under scrutiny.

Nvidia’s Stock Performance Ahead of Q4 2024 Earnings

With a staggering market cap of $3 trillion, Nvidia remains a dominant force in AI and GPU-driven technologies. However, its stock has faced significant pressure, sliding further since last month. At press time, Nvidia is trading at approximately $126, according to Google Finance data.

The downturn is attributed to multiple factors. DeepSeek’s introduction of efficient GPU chipsets is heightening competition, while economic uncertainty linked to tariffs under President Donald Trump’s administration is also a concern.

The question now is whether Nvidia can exceed earnings expectations and trigger a bullish wave across tech and AI-related assets, including TAO and BTCBULL.

Crypto AI Tokens: Will Nvidia’s Earnings Impact BitTensor (TAO)?

BitTensor (TAO) and other AI-driven crypto tokens have historically followed Nvidia’s trajectory. When Nvidia reported a revenue beat in Q1 2024—hitting $26 billion—the crypto AI tokens surged, with TAO gaining 12%, outpacing competitors like Render (RNDR).

Currently, TAO is down nearly 50% from its December 2024 highs, reflecting broader crypto market struggles. Local support is holding around $350, with resistance at $497.

If Nvidia delivers strong Q4 earnings and reignite bullish sentiment in AI stocks, TAO could break past $500, potentially surging toward $600 or even $750.

BTC Bull Presale Surges Past $2.8 Million—Is It Time to Buy?

While Nvidia’s earnings could impact AI cryptos, another token catching attention is BTC Bull (BTCBULL). The project has raised over $2.8 million in its presale, drawing investors with its unique model blending meme coin hype and Bitcoin utility.

Each BTCBULL token currently trades at $0.00238, with a price increase expected in the next 24 hours. The project’s innovative structure rewards holders with BTC airdrops when Bitcoin reaches key price levels—$150,000, $200,000, and $250,000. Additionally, BTC Bull incorporates a deflationary burn mechanism triggered at $125,000, further tightening supply and potentially boosting long-term value.

High-Yield Staking: BTC Bull Offers 151% APY

BTCBULL also provides an attractive staking opportunity, offering an annual percentage yield (APY) of 151%. As of February 26, nearly 700 million BTCBULL tokens have been staked, with more investors joining to capitalize on the high rewards.

Final Thoughts: Eyes on Nvidia and Crypto AI Market Trends

With Nvidia’s Q4 2024 earnings report set to drop, all eyes are on whether the tech giant can beat expectations and reignite bullish momentum in AI stocks and crypto AI tokens. A strong earnings beat could push TAO and similar assets higher, while BTC Bull continues to gain traction as one of the most promising meme-utility coins in early 2025.

As Nvidia’s report unfolds, investors will be watching for key market movements that could shape the next phase of AI and blockchain-driven innovation.