Nvidia (NVDA) news: CEO Jensen Huang's keynote fuels AI crypto token rally
Summary
AI-linked cryptocurrencies, including NEAR, FET, WLD, and Grass, experienced significant gains following Nvidia CEO Jensen Huang's keynote at the GTC developer conference. During the speech, Huang reinforced Nvidia's central role in the AI boom, predicting approximately $1 trillion in chip demand backlog through 2027, with hyperscale cloud providers making up 60% of their business. He also praised the rise of agentic AI systems, specifically mentioning the OpenClaw project and Nvidia's enterprise adaptation, NemoClaw. Although Huang did not mention crypto, many blockchain projects are positioning themselves to provide the transactional and coordination rails for these autonomous AI agents, or to offer decentralized infrastructure for computing power and AI training as an alternative to centralized platforms. Nvidia's stock (NVDA) also closed about 1.5% higher on the day.
(Source:CoinDesk)