Nvidia's $46.7 Billion Quarter Shows the AI Trade Is Alive and Well -- With Caveats

Investors are used to seeing Wall Street jump up and down every time Nvidia (NASDAQ: NVDA) reports its quarterly numbers. As demand for its graphics processing units (GPUs) continues to grow, to power artificial intelligence (AI) and machine learning applications, Nvidia has grown dramatically in recent years, becoming the biggest publicly traded company in the world with a market capitalization of $4.4 trillion.However, that reaction didn't happen after Wednesday's report. Nvidia announced strong numbers, with revenue up 56% from a year ago, but investors paused. The stock actually dropped 3% in after-hours trading and was still in the red nearly 24 hours after the report landed.Clearly, investors didn't get what they wanted when the chipmaker released its earnings. But I have a different take: I think the report shows that the AI space is still growing and still ripe for the picking. And that's even if one of Nvidia's biggest markets stays dark.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool