The chip giant posted $68.1 billion in quarterly revenue, up 73% year over year, lighting up equity markets. But the reaction was not limited to stocks. AI-linked crypto tokens like Bittensor (TAO) and Internet Computer (ICP) jumped alongside the news.
That raises the obvious question. Why does a chipmaker’s earnings report send decentralized AI tokens ripping higher?
To see why a stock can move a token, look at how capital flows.
Investors now bundle AI stocks and AI crypto into the same “future tech” trade. When optimism hits the AI sector, it lifts the whole basket. Nvidia becomes a proxy for the industry’s health.
When Nvidia beats earnings, it signals that demand for AI compute is still surging. That sparks a risk-on reaction. Traders rotate into AI-themed tokens, betting that growth in centralized compute will eventually spill into decentralized networks.
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TAO, ICP, and Stocks: The Tokens Leading the Rally
Nvidia jumped in after-hours trading, but AI-linked tokens like Bittensor (TAO) and Internet Computer (ICP) moved even harder. Bitcoin held near $69,000, but the real volatility showed up in the AI-crypto corner.
Why TAO and ICP? They are marketed as a decentralized AI infrastructure. When Jensen Huang says AI demand is only accelerating, traders treat it as validation for any protocol tied to compute, data, or on-chain AI coordination.
The numbers were strong across the board. Revenue beat. EPS beat. Guidance beat. That reinforces the idea that AI growth is not slowing.
The bigger shift is narrative. AI stocks and AI tokens are increasingly trading as one thematic basket. When traditional tech confirms demand, crypto AI gets speculative beta. Some argue Nvidia pulls capital away from crypto. But right now, the relationship looks more complementary than competitive.
As long as the market believes AI and blockchain will converge, this correlation is likely to stick.
Read original story Nvidia Earnings Beat Lifts AI Crypto Tokens and Stocks by Ahmed Balaha at 99bitcoins.com