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Nvidia's much-anticipated earnings report will be released after the U.S. stock market closes on Wednesday. Nvidia's earnings report is considered by many industry insiders to be the most important tech stock earnings report in years, the "Super Bowl" of the U.S. Spring Festival Gala during earnings season, and the current zeitgeist stock.

Some analysts pointed out that judging from the recent performance of AI tokens, the cryptocurrency community seemed to have given a positive vote to Nvidia's financial report.

It is worth mentioning that some Wall Street traders closely monitor the trend of Bitcoin as a sign of whether speculative enthusiasm is high. They believe that this is a barometer of market sentiment. Morgan Stanley once pointed out that Bitcoin has become a valuable leading indicator. "New Bond King" Jeffrey Gundlach has also expressed similar views.

AI crypto tokens have surged over the past week. Near Protocol, FET, Bittensor (TAO), Render (RENDER) and other AI tokens have significantly outperformed the overall cryptocurrency market, and most major AI tokens have fully recovered from the market crash in early August:

• The native token of proof-of-stake layer-one network Near has gained 35% over the past week, reaching a four-week high of $5.20 on Aug. 25.
• The Artificial Superintelligence Alliance FET token saw even greater gains, surging by about 70% in a week to $1.39 on August 26.
• RENDER has risen by about 40% in the past seven days, climbing to $6.45 on August 26.
• TAO has also performed well, rising 26% over the past week and breaking through $350 on August 26.

In the long run, the market value of AI crypto tokens has soared by nearly 80% in the past three weeks, an astonishing increase that highlights the renewed confidence of cryptocurrency investors.

Analysis platform Lookonchain posted on the X platform on August 26 that it had observed a huge surge and pointed out strange whale trading behavior in FET:

One whale seemed to regret selling at a lower price, spending $2.385 million in USDT (Tether) to buy back 1.79 million FET tokens from Binance at a high price of $1.33 on August 25.

The whale sold 2.33 million FET tokens at $1.02 between August 11 and August 23, earning $2.385 million in USDT (Tether).

Looking back at August 6, the total market value of AI crypto tokens fell to $18.21 billion, a new low for the year, which was related to the poor performance of the overall digital currency market. On that day, the price of Bitcoin plummeted sharply during the trading session and once fell below the $50,000 mark.

AI Token is a digital asset designed to promote and support projects, applications and services based on artificial intelligence. This type of cryptocurrency supports various AI-related functions.

However, it should be noted that the general rise in the cryptocurrency market paused on Tuesday. Bitcoin fell and has fallen back to the level before Powell's important speech at the Jackson Hole Global Central Bank Annual Meeting last Friday. After the US stock market closed on Tuesday, Bitcoin fell by $1,059 in 5 minutes to $60,203. AI tokens fell across the board, indicating that the market showed a certain degree of caution before the release of Nvidia's financial results.

Morgan Stanley believes that Nvidia's financial report is likely to exceed expectations, and the market's expectations for the company's revenue guidance for the next quarter have also increased again. But more importantly, Nvidia needs to appease investors' concerns about whether Blackwell will be delayed.

Bank of America believes that the market may underestimate the risk of disappointing Nvidia's performance. The implied stock price volatility of Nvidia options is 10%, which means that the stock price may fluctuate 10% in either direction.

Dan Ives of Wedbush Securities, one of Wall Street's most influential tech bulls, said he believes the bull run in U.S. tech stocks is driven by demand for new data center capacity, which is necessary to drive the swarm of AI chatbots that have emerged in recent years. "There is one company in the world that is fundamental to the AI ​​revolution, and that's Nvidia."