"Nvidia achieved record revenues as global data centers are in full throttle to modernize the entire computing stack with accelerated computing and generative AI," said Nvidia CEO Jensen Huang in a statement accompanying the results.
"The stock is getting pummeled because it turns out when you get the market used to having these ridiculous revenue multipliers quarter-over-quarter, the market gets upset when you don't keep doing it," says the podcaster and financial commentator Ed Zitron.
"Nvidia's performance is uniquely responsible for the wider generative AI revolution, in large part because of its integral role in the supply chain of AI technologies," noted Dan Ives, managing director and senior equity research analyst at Wedbush Securities.
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