Nvidia’s blockbuster earnings report clearly signals that the AI spending boom shows no signs of abatement. Even as Nvidia continues its meteoric rise pushing the boundaries, the stock is not the sole beneficiary of the AI growth narrative. The entire AI stock universe is firing on all cylinders, outperforming the U.S. and global indexes by more than 30% since the start of 2023. Although the outsized rally reminds investors of the dotcom bubble of the late 1990s (which burst in March 2000), the current valuations of AI leaders are far more reasonable and based on solid earnings growth expectations, unlike the stretched valuations and speculation-led investing frenzy that characterized the tech bubble era. On the other hand, is this truly the beginning of an AI-inspired “next industrial revolution” as extolled by CEO Jensen Huang? The article examines for clues in Nvidia’s first quarter earnings report.

https://forbes.com/sites/investor-hub/article/nvidia-stock-earnings-stock-split-what-next-ai-investing/