HomeAltcoinsAI tokens went up after Meta performed better than what analysts had...

AI tokens went up after Meta performed better than what analysts had expected.

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Meta’s stock is doing really well after they said they made a lot of money this quarter. They’re also planning to buy back $50 billion of their own stock. This news is making their artificial intelligence tokens go up in value.

“We did well this quarter as our community and business are getting bigger. ” “We have made a lot of progress on our idea to improve AI and the metaverse,” said company CEO Mark Zuckerberg during the phone call. The company also said that it will give out its first dividend ever.

Computing Select Index (CPUS) has gone up by almost 10% in the past day. This index holds tokens for artificial intelligence like Render (RNDR) and Fetch. ai (FET)

In comparison, the value of bitcoin (BTC) has only gone up by 2% in the same time period, according to CoinDesk Indices data.

RNDR and Akash Network’s tokens have increased by 4. 1% and 52% in the last 24 hours. These are some of the biggest AI tokens based on their value.

Meta has lost over $20 billion since 2021 because of its change to the metaverse. But Zuckerberg says he still believes in the idea. In general, Meta’s virtual world platforms have not been able to attract many customers, causing the company’s stock to drop by almost 60% in 2022.

But, since Zuckerberg said the company would focus more on AI about a year ago, its stock has gone up by more than 100%.

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