GTC 2024: Nvidia's AI Event Fuels 72.80% Stock Surge, AI Tokens Up 16.8%

Ahead of Nvidia's highly anticipated AI conference, GTC 2024, set to take place from March 18 to 21, the AI and cryptocurrency sectors are experiencing significant attention and growth. Nvidia, a leader in GPU technology, has seen its stock soar by 72.80% year-to-date, marking a record 10-week winning run and making it one of the top performers in the S&P 500 for the year. The conference is expected to serve as a major catalyst for the AI sector, with predictions that it could turn many AI coin holders into millionaires by the end of the year. Cryptocurrency tokens associated with AI and GPU projects, such as $RNDR, $TAO, and $FET, have seen substantial price increases ahead of the event, with the price of AI tokens increasing by more than 16.8%, $RNDR up 17.4%, $TAO up 7.5%, and $FET up 14%. The crypto AI market cap has surged by 17% to a new high of $26 billion, coinciding with the opening day of the conference.