The giant chipmaker Nvidia beat its own high expectations for the fourth quarter, boosting the broader stock markets and tokens related to artificial intelligence (AI).

Nvidia announced on Wednesday its fourth-quarter earnings were $5.16 per share, exceeding the average analyst estimate by $4.59 per shares, according to FactSet. The chipmaker’s revenue was $22.1 billion. This is higher than Wall Street expectations of $20.4 billion.

AI Tokens surged following Nvidia’s earnings. AGIX Price Index and Live Chart – CoinDesk”>(AGIX) was up over 20%, while FetchAI’s <a data-position="autolink" href="http://coindesk.com/price/fetchai/" title="Fetch.ai Price According to CoinGecko's data , the total marketcap for AI tokens is now over $16.5 billion.

The CoinDesk 20, (CD20) is down 2.7%. This benchmark measures the largest and most liquid cryptocurrency.

“Accelerated computing, generative AI and the tipping point has arrived.” The demand is increasing across industries, companies and countries, said Jensen Huang.

Nvidia also predicted first-quarter revenues of $24 billion, exceeding analysts’ estimates of $22.2 billion.

Read more: Nvidia’s hotly anticipated earnings may ‘trigger’ Bitcoin and crypto correction, analyst says

The rally has been so hot that Goldman Sachs even called it “a href=”https://www.bloomberg.com/news/articles/2024-02-21/goldman-s-rubner’s-says”>the most important stock on planet earth/a>. Goldman Sachs called the rally ” The most important stock in planet Earth.”

BTC Price Index and Live Chart – CoinDesk”>(BTC) was down 1.2%.

UPDATE: (Feb. 21 23:40 UTC). Updates the headline and story in order to reflect an increase in AI-linked tokens prices.

Nick Baker is the editor.