AI tokens down, but #Nvidia shares up 7%

AI Crypto Tokens Are 'Quiet Now', Bleeding Red Across the Board, But One Trader Says That Won't Last

AI-linked crypto tokens have declined over the past 24 hours amid Nvidia's (NVDA) share price surge by more than 7% on May 28, but the drop won't last forever, trader says .

“NVDA rising, AI coins are quiet now, but don't expect that to last,” trader Matthew Hyland wrote in a post on X on May 28.

Nvidia produces computer chips that artificial intelligence companies are increasingly using to run their large language models. Cryptocurrency traders view its share price as an indicator of how AI tokens could move, with NVDA's performance as a measure of market sentiment towards AI.

Nvidia has risen 22% in the last five days to close on May 28 at an all-time high of $1,140, ​​with the stock seeing year-to-date growth of nearly 137%, according to Google Finance.