Render Token (RNDR) experienced a notable 11% surge in its value after receiving a brief but significant mention of its Octane software during Apple's recent keynote presentation. The mention of Octane, a cutting-edge 3D design software powered by the Render Network, came as part of Apple's unveiling of its latest iPad featuring the M4 chip.

In a mere three-second reference within a four-minute presentation by Tim Millet, Apple's vice president of platform architecture, Octane was highlighted for its impressive performance capabilities on the new iPad. Traders swiftly picked up on this mention, attributing it to RNDR's upward trajectory, which had already been on an incline since May 6.

The impact of Apple's nod to Octane was palpable, with RNDR's price spiking by 11% immediately following the announcement, contributing to an overall 40% increase over the past seven days. Notably, Render is currently trading at $11.16, according to data from CoinMarketCap.

While Bitcoin saw a modest 5.5% gain over the same period, RNDR's resilience and growth stood out, prompting one trader to remark, "Bitcoin is falling, but RNDR just doesn't care."

The positive sentiment surrounding RNDR echoed across the broader artificial intelligence (AI) token market, with notable gains observed in tokens such as Fetch.ai (FET), The Graph, and SingularityNET (AGIX) since May 6. This surge in AI tokens coincides with a prevailing sense of "greed" among investors, as indicated by the Crypto Fear and Greed Index, which rose to 66 as of May 10.

Looking ahead, traders are closely monitoring AI tokens in anticipation of Nvidia's first-quarter 2024 earnings report scheduled for May 22. The performance of Nvidia shares has historically influenced AI token price action, with traders often viewing dips in AI tokens as buying opportunities ahead of Nvidia's earnings announcements.

In April, as anticipation for Nvidia's earnings report grew, traders saw potential in AI tokens, expecting a positive impact on prices leading up to the announcement. This sentiment has been validated by recent trends, with RNDR and Fetch.ai both experiencing notable gains since April, alongside Nvidia's stock reaching its 30-day high on May 6.

As the relationship between AI tokens and Nvidia's performance continues to unfold, traders remain optimistic about the potential for further growth and opportunities in the AI market.