AI Crypto Tokens Surge Ahead of Pivotal Nvidia Earnings Report
Aug 26, 2024
AI-focused crypto tokens have seen significant gains, with some surging as much as 70% in the past week, ahead of Nvidia's highly anticipated second-quarter earnings report. Tokens such as Near Protocol (NEAR), Artificial Superintelligence Alliance (FET), Bittensor (TAO), and Render (RENDER) have outperformed the broader crypto market. NEAR jumped 35%, while FET surged nearly 70%, driven in part by unusual whale activity. The surge in AI-related assets comes as Nvidia, a key player in the AI revolution, prepares to release earnings that are being dubbed the "most important tech earnings in years," with its stock already up 180% over the past 12 months.
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