Nvidia's performance boosted its stock price by 6%, while AI coins barely moved?
Despite Nvidia's impressive first-quarter earnings report, contrary to the expectations of cryptocurrency traders, the price of cryptocurrency tokens related to artificial intelligence (AI) briefly fell.
Nvidia's first-quarter revenue increased by 18% from the fourth quarter of 2023 and 262% from the same period last year, exceeding analysts' expectations of $24.6 billion. Nvidia then soared 6.06% in after-hours trading.
In just 5 hours after the earnings report was released, Render fell 12%, and its price plummeted to $10.38. It fluctuated with the broader market two days later before soaring.
During Nvidia's fourth-quarter earnings conference in February, RNDR rose 38% in 48 hours. If history repeats itself, this could mean that RNDR will soar from its current price to more than $15 in 48 hours!
On May 22, a known "whale" wallet sent approximately $52.1 million to an unknown wallet, seemingly waiting for a sell-off opportunity in advance?
Normally, many native tokens or theme coins are positively correlated with real finance. Will the encrypted AI sector rebound in the future?
Other tokens related to artificial intelligence are worth paying attention to, such as The Graph.
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