Nvidia Tokenised bStocks Soar Amid Record Stock High

Nvidia's tokenised bStocks (NVDAB) have risen by 0.5% to $234.51, bucking the trend in the crypto market and propelled by its underlying asset's performance.

The token's price movement is directly tied to Nvidia stock (NVDA), which reached an all-time high of $237.88 on October 2, driven by a major analyst upgrade and supportive macro data from Morgan Stanley.

A weaker-than-expected U.S. jobs report also reduced fears of another Fed rate hike, supporting growth stocks like Nvidia.

Nvidia's Q3 earnings, expected in November, will provide insight into the company's GPU demand and revenue guidance, which could impact the token's price movement.