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CURRENT STATE OF THE AI REVOLUTION:
The fact that Nvidia, $NVDA, just posted $68.1 BILLION in quarterly revenue yet markets are unimpressed is telling.
Nvidia's free cash flow jumped nearly +$20 BILLION year-over-year and the company crushed just about all expectations.
In fact, there is not much more Nvidia could have said to reaffirm how strong demand is for their products.
Meanwhile, the stock went from +4% to -4% as the market reopened.
Why is this happening?
Because expectations are so high that it's becoming difficult to impress.
At this stage, companies do not just need to beat earnings, they need to beat the beat.
Still, Nvidia's earnings have reaffirmed our view:
The AI Revolution is accelerating.
$NVDAon
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