The age of AI is in full steam!! Nvidia's 200% stock surge this year has propelled it past Apple to become the world’s most valuable public company. But despite these blockbuster numbers, Nvidia's shares dipped 2.3% in after-hours trading. Why? How much longer Nvidia can sustain this extraordinary growth trajectory?

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I think it's a pretty simple answer, at least in my opinion. The market had already priced in exceptional performance, making it difficult for Nvidia to exceed these lofty expectations.

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It's insane that this isn't a bubble

Stock prices aren't a reward for past performance so much as a guess on where things are headed. I suspect traders assume Nvidia had its run and were taking profits. The AI hype still has legs, I suppose, but eventually reality will arrive and AI products will either prove to be profitable or just a way to devote massive computing resources to the production of AI slop.

Even revenue from AI seems to still be anticipatory rather than based on real results.

I wonder why Intel hasn't seen the same success.

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