Today, Nvidia reached all-time highs while other assets saw declines in the market. This follows their report of strong earnings for Q1 2024, where revenue rose by 18% to $26 billion in the past three months.

Nvidia's impressive earnings show a 262% increase from last year, driven by growing interest in their AI chips. The company's stock rose by 6% shortly after the earnings release, continuing to climb to new highs.

In contrast, broader US stocks faced challenges with Meta's stocks at $465, down by 0.43%, and Coinbase and MicroStrategy dropping by 5.46% and 6.25%, respectively. Bitcoin mining stocks also suffered losses today amid uncertain market conditions.

Expectations were high for a rally in AI and major tech-related cryptocurrencies following Nvidia's earnings announcement. Although AI coins initially saw a 2% increase, broader market sentiments dampened these gains. Over the past 24 hours, AI coins like Render (RNDR) and The Graph (GRT) experienced declines of 4% and 5%, respectively, erasing some of their recent gains.

Despite intraday fluctuations, negative macroeconomic factors maintained a bearish trend across the market. However, optimism remains among some crypto users who foresee potential gains as Nvidia's stock price surges above $1,000.

This week, both crypto stocks and traditional tech stocks faced declines. Crypto stocks, influenced by Bitcoin, altcoins, or blockchain technology, saw a downturn despite Ethereum's 28% surge earlier in anticipation of SEC approval for spot Ethereum ETFs.

In conclusion, Nvidia's stellar performance has driven interest in AI-related cryptocurrencies, although broader market conditions have tempered initial gains. Investors and analysts are closely watching for further developments in both tech and crypto sectors amid evolving economic factors.