Nvidia's financial forecast is optimistic due to the increasing demand for hardware to power the AI revolution. This news caused the company's stock price to soar and may encourage more mining companies to diversify into AI applications.

However, the transition may not be easy as it requires a different level of infrastructure build and firms will need to hire engineers and sales staff. The positive market reaction to Nvidia's news has also lifted AI-linked crypto tokens such as SingularityNET, Fetch.ai, and Render.