AI Crypto Tokens Surge Ahead of Pivotal Nvidia Earnings Report

Aug 26, 2024

AI Crypto Tokens Surge Ahead of Pivotal Nvidia Earnings Report
AI Crypto Tokens Surge Ahead of Pivotal Nvidia Earnings Report
AI Crypto Tokens Surge Ahead of Pivotal Nvidia Earnings Report

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.