AI Tokens Surge as Nvidia's 'Super Bowl' Earnings Report Looms

According to Cointelegraph: Artificial intelligence-based crypto tokens are experiencing significant gains ahead of Nvidia's highly anticipated second-quarter earnings report, with some tokens surging as much as 70% in the past week. AI-focused tokens like Near Protocol (NEAR), Artificial Superintelligence Alliance (FET), Bittensor (TAO), and Render (RENDER) have outperformed the broader crypto market, fueled by expectations surrounding Nvidia's earnings.FET price, one week chart. Source: CointelegraphKey highlights:FET token surged nearly 70% in a week, while NEAR saw a 35% increase.TAO and RENDER also posted gains, with TAO up 26% and RENDER climbing 40%.Nvidia's earnings report on August 28 is expected to be a "blockbuster event," with analysts forecasting a 141% increase in earnings per share.Market sentiment is closely tied to Nvidia's performance, which has been a significant driver for AI-related assets. As the market awaits Nvidia's results, AI tokens are leading the charge, positioning themselves as key players in the ongoing AI revolution. Nvidia stock price year-to-date. Source: MarketWatch