**AI Cryptos Take a Hit After Nvidia Earnings Report**

AI-related cryptocurrencies saw a significant drop following Nvidia’s Q2 2024 earnings release. Despite Nvidia posting $30 billion in revenue, a 15% increase from Q1, the results didn't meet investors' high expectations.

- **Artificial Superintelligence Alliance (FET)**: Down 7.8% to $1.1663

- **Bittensor (TAO)**: Fell 4.5% to $295.22

- **Render (RNDR)**: Dropped 6.8% to $5.47

Nvidia's stock also took a hit, closing at $125.61 and falling further in after-hours trading. Analysts had predicted a strong performance, but the market expected even more. AI crypto tokens have historically mirrored Nvidia's performance, and this quarter was no exception.