Are we in a bubble, or is this a gold rush?
The benchmark S&P 500 index briefly hit a fresh record on Thursday after Nvidia's stellar results and forecast spurred the artificial intelligence-led rally this year. Nvidia's shares surged 12.9% after the chip designer forecast a roughly three-fold surge in first-quarter revenue on strong demand for its AI chips.
The bar was high for Nvidia’s earnings and yet the company cleared it easily. These were the key points from the chip maker's earnings.