@baggier
AI token rallies stalled despite Nvidia's earnings beat due to several factors. While Nvidia's strong performance typically fuels optimism in AI-related assets, investor expectations may have already been priced in after prior surges, leading to profit-taking. Additionally, broader market dynamics, such as macroeconomic concerns or shifts in sentiment toward cryptocurrencies, likely overshadowed Nvidia's results. For instance, despite a Q2 2024 revenue of $30 billion exceeding estimates, AI tokens like FET and RNDR dropped, mirroring Nvidia’s post-earnings dip. Historical patterns show that token rallies often fade if Nvidia’s beat isn’t exceptionally large, as seen in August 2024.
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