AI Tokens Defy Logic: Nvidia’s Stellar Quarterly Earnings Fail to Spark Rally
Nvidia posts another blowout quarter—yet AI tokens sleep through the alarm.
The Disconnect Deepens
While Nvidia's hardware continues to dominate, the crypto tokens supposedly leveraging that very tech barely flinch. No surge, no momentum—just sideways action that would put insomniacs to sleep.
Market Realities Bite
Speculators bet big on AI narratives, but delivery remains MIA. Tokens promise disruption—Nvidia just delivers it. Another quarter, another reminder that hype doesn’t always hash into gains.
Maybe the algo-traders took a day off—or maybe the 'AI' in these tokens stands for 'Absent Intelligence'.
AI crypto sector fails to react to Nvidia's Q2 earnings
Nvidia surpassed Wall Street's expectations on Wednesday with a higher-than-expected Q2 revenue of $46.74 billion, marking a 56% year-on-year growth. Adjusted earnings per share (EPS) ROSE to $1.05, up 54% in the past year.
Although Nvidia excluded China sales from its third-quarter forecast, CEO Jensen Huang stated on an earnings call that he views the China market as a $50 billion opportunity for the company this year.
Nvidia's Q2 results underscore the company's role in the global AI sector. On the earnings call, Huang shared that he anticipates a $3 to $4 trillion AI infrastructure scale within five years.
"Over the next five years, we're gonna scale into effectively a $3 to $4 trillion AI infrastructure opportunity," said Huang.
The company's stock took a different turn following the release of the report, dropping over 3% in after-hours trading.
Alongside a decline in NVDA's shares, the Artificial Intelligence (AI) token sector saw price changes between -3% to +1%.
Nvidia's earnings reports are crucial to understanding the growth of the AI industry, and often influence investor sentiment across AI-related assets, including cryptocurrencies tied to AI developments.
Top AI tokens, including Bittensor (TAO), Near Protocol (NEAR), Internet Computer (ICP), RENDER and Artificial Superintelligence Alliance (FET), experienced minimal price changes over the past 24 hours.
Top AI tokens. Source: CoinGecko
