AI Crypto Tokens Crack Despite Nvidia's Q2 Earnings Beat—But YTD Performance Aligns With Tech Stock's Blockbuster Run
Portfolio Pulse from Aniket Verma
AI-based cryptocurrencies fell after Nvidia's Q2 earnings beat expectations but failed to meet investor expectations, causing a 7% drop in Nvidia's after-hours trading. Despite this, AI tokens like FET and RENDER have seen significant year-to-date gains.
August 29, 2024 | 6:41 am
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Nvidia's Q2 earnings beat expectations, but shares fell 7% in after-hours trading, indicating investor expectations were not met.
Despite Nvidia's strong earnings report, the 7% drop in after-hours trading suggests that investors had even higher expectations, leading to a negative short-term impact on the stock price.
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