AI tokens slide as Nvidia jumps 7% — but ‘don’t expect that to last’
AI crypto tokens are “quiet now,” bleeding red across the board, but a crypto trader says that won’t last.
Artificial intelligence-linked crypto tokens have declined over the past 24 hours amid Nvidia’s (NVDA) share price surging over 7% on May 28, but the downturn won’t last forever, says a crypto trader.
“NVDA surging, AI coins quiet now but don’t expect that to last,” trader Matthew Hyland wrote in a May 28 X post.
Nvidia produces computer chips that AI companies are increasingly using to run their AI models. Crypto traders see its stock price as an indicator of how AI tokens could move, with NVDA’s performance a gauge of the market’s AI sentiment.
Go to Source
Author: Ciaran Lyons
