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NVIDIA just dropped one of the most explosive earnings reports in tech history on November 19, 2025, posting a staggering $57 billion in revenue for Q3 fiscal 2026 — up 22% quarter-over-quarter and a massive 62% year-over-year. The AI chip juggernaut crushed Wall Street expectations of $54.92 billion and delivered adjusted EPS of $1.30 (beating the $1.26 consensus), powered by insatiable demand for its data-center GPUs. The market rewarded the beat instantly: NVDA stock jumped ~7% in after-hours trading, and Goldman Sachs promptly hoisted its price target to $250 on unstoppable AI momentum.
Yet in a surprising twist, the AI cryptocurrency corner barely blinked. Top AI tokens like Render (RNDR), Fetch.ai (FET), and SingularityNET (AGIX) showed muted or negative moves despite NVIDIA’s triumph. RNDR is hovering near $2.04 (well off recent highs), FET sits between $0.28–$0.32 after a 15%+ weekly drop, and AGIX lingers around $0.12–$0.13 with analysts projecting an ultra-narrow November trading band.
The big story underneath: the once-tight link between NVIDIA’s fortunes and AI crypto prices has crumbled. Correlation between NVDA stock and major AI tokens has plunged from 0.80 in early 2024 to just 0.36 by mid-2025, signaling a clear decoupling. Even with NVIDIA commanding 80% of the AI chip market and printing money, AI tokens are now marching to the beat of crypto-native sentiment, liquidity cycles, and sector-specific hype rather than Big Tech earnings fireworks. The NVIDIA halo still lights up the broader AI ecosystem — just not the token tickers anymore.
