AI tokens tumble ahead of AMD's latest earnings

AI tokens tumble ahead of AMD's latest earnings
The Street Crypto
The Street Crypto
TAO-2.50%
GRT-1.84%
RENDER-2.64%
ICP-3.83%
NEAR-2.63%
INJ-5.69%
FIL-2.23%
FET-3.67%
IP-4.05%
VIRTUAL-3.03%

Advanced Micro Devices (Nasdaq: AMD), the Santa Clara, California-headquartered semiconductor company that has integrated artificial intelligence (AI) technology into its solutions, is expected to report its earnings for the second quarter of 2025 on Aug. 5.

Not only did the company's stock fall more than 0.43% ahead of the earnings, but the AI crypto tokens also tumbled. These tokens are cryptocurrencies that empower the development of blockchain-based, decentralized AI projects.

Most of these tokens have dipped during the same timeframe.

TAO, the AI token behind the decentralized ML network called Bittensor, dipped 5.83% within 24 hours to $338.30 at press time.

NEAR, another leading AI token, dropped 2.02% to $2.47.

ICP, the token powering decentralized AI solutions at the Internet Computer protocol, fell 2.80% to $5.09.

RENDER, the AI token powering the decentralized GPU rendering platform, also fell 3.98% to $3.50.

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FIL, the token supporting the digital infrastructure behind decentralized AI, dropped 2.56% to $2.33.

FET, the AI token behind the Artificial Intelligence Alliance consortium, fell 2.20% to $0.6417.

INJ, the token lying at the intersection of AI and DeFi at the Injective protocol, fell 2.31% to $13.10.

GRT, the token behind The Graph indexing protocol that supports AI agents, dipped 4.97% to $0.08882.

VIRTUAL, the token behind the AI agent-enabling Virtuals Protocol, also dipped 4.64% to $1.18.

The IP token, however, remained the sole exception among the top AI tokens. The token, which is behind the Story protocol that serves as the foundation for intellectual property (IP), rose 1.83% to $6.

The AI crypto token market cap has declined 0.6% within the last 24 hours to $27.4 billion. 

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