Render

Bittensor

<ul><li>Nvidia&#39;s Q2 revenue soared to $30 billion, surpassing expectations by $1.32 billion.</li><li>AI cryptos like FET, TAO, and RENDER fell by 6% shortly after Nvidia&#39;s earnings release.</li><li>Despite a revenue increase, Nvidia’s stock price dropped nearly 7% in after-hours trading.</li></ul>The cryptocurrency sector linked to <a href="https://cointelegraph.com/news/inferno-drainer-dapp-surge-crypto-scam-trends" rel="noopener noreferrer nofollow">artificial intelligence</a> (AI) experienced a significant downturn immediately following Nvidia&#39;s earnings announcement for the second quarter of 2024. Despite Nvidia surpassing financial projections, these specialized tokens did not fare well.<a href="https://cryptotale.org/nvidia-gtc-2024-highlights-and-ai-token-performance-grt-ocean-lead/" rel="noopener noreferrer nofollow">Nvidia</a>, known for pioneering GPU technology, which propels advancements in sectors like AI and gaming, reported a 15% quarterly increase in revenue, reaching $30 billion. This figure exceeded expectations by about $1.32 billion. However, this achievement did not meet the high expectations market watchers and investors set.Artificial Superintelligence Alliance (<a href="https://cryptotale.org/tao-targets-720-and-fet-eyes-4-20-after-bullish-signals/" rel="noopener noreferrer nofollow">FET</a>) saw its value drop by 6%, landing at $1.20 shortly after publicizing the earnings. Similarly, Bittensor (TAO) and Render (RENDER) each fell by 6%, to $294 and $5.59, respectively. These declines reflect a broader trend in which the performance of AI-centric cryptocurrencies often mirrors Nvidia&#39;s financial health.<a href="https://cryptotale.org/ai-cryptos-dip-following-nvidias-q2-earnings-report/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

AI Cryptos Dip Following Nvidia's Q2 Earnings Report

CryptoTale

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