The chipmaker Nvidia (Nasdaq: NVDA), based in California, is getting ready to release its Q1 2025 earnings report after the trading day ends on May 28. This is why the artificial intelligence (AI) tokens suffered.
The market value of AI tokens fell 0.5% in a single day to $29.7 billion as of this writing. The prices of all of the top AI tokens decreased throughout the previous day.
At the time of writing, TAO, the AI token that drives the decentralized machine learning network Bittensor, had dropped 2.6% to $434.76.
Another well-known AI token, NEAR, fell 3.58% to $2.79.
The Internet Computer Protocol token, ICP, which powers decentralized AI applications, dropped 2% to $5.26.
The decentralized GPU rendering platform’s AI token, RENDER, dropped as much as 9% to $4.38.
The Artificial Intelligence Alliance consortium’s AI token, FET, fell 3.2% to $0.88.
The currency that underpins the decentralized AI’s internet infrastructure, FIL, dropped 2.42% to $2.82.
The Virtuals Protocol token, which powers AI agents, VIRTUAL, fell 7.5% to $2.30.
The Injective protocol’s token, INJ, which sits at the nexus of AI and DeFi, dropped a meager 1% to $14.75.
This year, Nvidia, led by CEO Jensen Huang, saw an enormous threat because to the hype generated by the Chinese artificial intelligence firm DeepSeek. The chipmaker’s operations were also negatively impacted by President Donald Trump’s strong tariff strategy against China, which went into effect on April 2. This was because semiconductors were among the products that were most severely impacted by the tariff hikes.
The business said on April 14 that it will only build its AI supercomputers in the United States, and Trump pledged to obtain the required licenses.
As of this writing, the price of NVDA stock was $136.32, up 0.62% for the day. Despite a 27% increase in value since Trump’s “Liberation Day” tariff announcement, the stock is only 1.54% higher year-to-date (YTD).
