AI tokens rally alongside NVDA following White House talk on AI technology

• AI chips are on the rise as key tech leaders met at the White House to discuss artificial intelligence.
• Jensen Huang, CEO of Nvidia, noted that we are at the beginning of a new industrial revolution.
• NEAR, TAO, ASI and RENDER are all up following NVDA’s share price increase.

More AI chips rallied on Thursday after a rally in Nvidia’s share price as its CEO Jensen Huang hinted at “the beginning of a new industrial revolution” in an artificial intelligence meeting held at the White House.

NEAR, TAO, RENDER we see gains on key statements from Nvidia CEO

The AI ​​chip category posted gains on Thursday after a series of comments from Nvidia’s CEO sent their prices higher. The comments came after Jensen Huang and other top tech leaders, including OpenAI CEO Sam Altman, Anthropic CEO Dario Amodei, Microsoft President Brad Smith, Google President Ruth Porat and Amazon Web Services CEO Matt Garman, s -they met at the White House.

CNBC previously reported that the meeting focused on the future of AI energy infrastructure. In an interview after the meeting, Huang stated that we are on the threshold of a new industrial revolution.

Following his statement, NVDA’s share price rose 2%, extending its 11% gains from Wednesday. The growth trickled down to the AI ​​tokens in the crypto market, which saw notable increases in their prices.

Among the top gainers in the AI ​​category were NEAR, which was up more than 7%; ASI, which increased by 2%; TAO, which rose over 3%; and RENDER and GRT, which were up 2% and 5%, respectively. All of these tokens have rallied alongside NVDA stock, which is a common historical trend for the market.

The relationship between Nvidia stock and the AI ​​token category reflects a bullish trend around the general AI market. Nvidia is the largest artificial intelligence company in the world, holding more than 60% of the overall market share of the artificial intelligence industry. This makes other assets highly sensitive to NVDA stock movements, thereby creating synergy in their markets.

Meanwhile, ASI has also seen gains thanks to recent events surrounding its alliance. The Artificial Superintelligence Alliance announced Wednesday that it is looking to add a fourth member to its community. This caused its price to rise in the last 24 hours before the general market learned about the news.