Nvidia’s quarterly earnings were so blow-out that investors began to fear that the world’s most valuable company and maker of the most precious commodity in tech – high-end AI chips – couldn’t possibly keep up this pace of growth for much longer.
Eventually, demand will ebb. And even if it doesn’t anytime soon, the AI market isn’t just Nvidia – other, less powerful companies could still be overinflated. Perhaps, traders feared, Nvidia’s earnings didn’t actually answer any of their questions at all.