Artificial intelligence-based cryptocurrencies slumped after AI powerhouse Nvidia Corp. (NASDAQ:NVDA) reported its second-quarter earnings Wednesday.
What happened: The AI-based collaborative token, FET, and TAO, the native token of the decentralized AI platform, Bittensor, shed 7% in the last 24 hours.
Similarly, RENDER, underpinning the Render Network, tumbled 4%. The total market cap of AI cryptocurrency tokens contracted by 3% to $23.29 billion over the past 24 hours, according to CoinGecko.
 Cryptocurrency
| 24-Hour Losses | Price (Recorded at 1:01 a.m. EDT) |
Bittensor (CRYPTO: TAO) | 7.4% | $294.45 |
Artificial Superintelligence Alliance (CRYPTO: FET) | 7.2% | $1.17 |
Render (CRYPTO: RENDER) | 4.0% | $5.60 |
The chip-making giant's second-quarter earnings and revenue beat Wall Street estimates. But despite the better-than-expected performance, shares of the chip-making giant were down nearly 7% in after-hours trading, suggesting that investors' lofty expectations were not met.
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Despite Wednesday's pullback, AI-related tokens posted healthy gains over the week, with FET and RENDER gaining 20.8% and 16.1%, respectively.
Year-to-date, FET has soared 75%, while RENDER and TAO mopped up gains of 18% and 10%, respectively.
The surge coincided with Nvidia's staggering 160% gains since the start of the year, positioning the tech company as the market's best performer for 2024.
Price Action: Shares of Nvidia closed 2.10% lower at $125.61 during Wednesday's regular trading session, according to data from Benzinga Pro.
人工智能etf加密货币在AI巨头纳斯达克公司（纳斯达克：NVDA）周三发布其第二季度财报后出现下跌。
最近24小时内，基于人工智能的合作代币FEt和去中心化人工智能平台Bittensor的原生代币TAO下跌了7%。
同样，支撑Render Network的RENDER代币下跌了4%。根据CoinGecko的数据，人工智能加密货币代币的总市值在过去24小时内下降了3%，达到了232.9亿美元。
 数字货币
| 24小时亏损 | 价格（记录于东部时间上午1:01） |
Bittensor (CRYPTO: TAO) | 7.4% | $294.45 |
人工超级智能联盟（CRYPTO:FET） | 7.2% | $1.17 |
Render（数字货币：RENDER） | 4.0% | 5.60美元 |
这家芯片巨头的第二季度收益和营业收入超过了华尔街的预期。但尽管超出预期的表现，该芯片制造巨头的股票在盘后交易中下跌了近7％，显示投资者的高期望没有得到满足。
参见：特朗普概念对比特币态度的影响导致以太坊etf获批，分析师推测
尽管周三出现回落，与人工智能相关的代币在本周取得了健康增长，FEt和RENDER分别上涨了20.8%和16.1%。
截至今年到目前为止，FEt已飙升了75%，而RENDER和TAO分别获利18%和10%。
这一激增恰逢英伟达自年初以来暴涨了160%，使该科技公司成为市场最佳表现者。
股价走势：根据Benzinga Pro的数据，英伟达的股价在周三的常规交易中收跌了2.10%，报125.61美元。
