Lukewarm second quarter results from AI powerhouse Nvidia (NVDA) Wednesday have Wall Street bros and the analysts that love them catching all kinds of feelings.
Long a bellwether for how the market views AI in general, the largest company in the world carries enough weight in its $1 trillion valuation to move entire indexes, let alone the tech sector.
That was especially the case over the last two weeks , when handwringing over what Nvidia would say in its second quarter results on Aug. 27 reached a fever pitch.
The TLDR take on what all that was and why it matters? Numbers that showed strong growth from Nvidia were good for AI’s continued bull run; weak numbers would mean that the casino-level spending on AI is finally showing signs of a slowdown.
With investors like the U.S. gove