NVIDIA is set to release its earnings report on May 21, with all eyes on whether the crypto AI narrative will impact the market, particularly the FET token. Back in February 22, 2024, NVIDIA reported Q4 2023 earnings per share of $5.16, surpassing expectations, with a revenue of $22.1 billion. The FET token saw a surge of up to 15% during this time.
The big question now is whether FET will continue its momentum and lead the crypto market as NVIDIA prepares to announce its Q1 2024 earnings. There is a high likelihood that NVIDIA will post strong earnings for Q1, 2024 following the positive results from Taiwan Semiconductor (TSMC), which reported earnings of $7.3 billion in the same period.
For traders looking to capitalize on potential market movements, trade setups with target prices, stop-loss levels, and entry points have been provided in the chart. It will be interesting to see how these developments unfold and whether FET indeed heats up the crypto AI market.
Good luck to all traders navigating these exciting opportunities!
