AI concept coins rose before the release of Nvidia's expected earnings report, with FET and TAO rising by 8.8% and 4.7% respectively

Artificial intelligence tokens led the market on Monday, with FET and TAO rising 8.8% and 4.7% respectively ahead of Nvidia's expected earnings report. Historically, Nvidia's stock price has been a bellwether for the growing field of AI tokens, with its token prices rising in anticipation of its earnings. Analysts surveyed by FactSet expect record earnings per share for the quarter to be 65 cents, up 141% from the same period last year, and revenue is expected to reach $28.72 billion, up 113%. This will be Nvidia's fifth consecutive quarter of triple-digit growth, and given that the Federal Reserve is likely to cut interest rates in September, the technology sector is expected to perform strongly for the rest of the year.