Coinspeaker
AI Tokens Rise Following News of Meta Platform’s Positive Quarterly and Full-Year Figures
Artificial intelligence (AI) tokens have climbed on news that Meta Platforms (NASDAQ: META) announced positive quarterly earnings, including an increase in revenue. Meta stock jumped 14% in after-hours trading on the news, which included a higher forecast for the company and a stock buyback worth $50 billion.
Meta Pumps AI Tokens
According to CoinMarketCap data, some of the largest AI tokens by market cap recorded healthy 24-hour gains, including Internet Computer’s (ICP) 8.51%, Injective’s (INJ) 3.47%, and 4.85% from NEAR Protocol. CoinGecko’s list of the largest AI tokens reflected a 4.5% rise in Akash Network (AKT), and 4.4% in Render (RNDR).
On Thursday, Meta reported fourth quarter and full year 2023 results. Meta’s revenue for Q4 was $40.1 billion, a 24.7% increase from the $32.2 billion recorded in Q4 2022. In addition, there was a 16% increase in the company’s ful
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