Nvidia Earnings Finally Ease Market Jitters. Are AI Bulls Back?It’s confirmed. This is Nvidia’s stock market and we all live in it.
Nvidia NASDAQ:NVDA reported yet another record-breaking quarter, instantly soothing market nerves after a week filled with talks of “AI bubble,” “valuation fever,” and “maybe Michael Burry is right again.” It was the cherry of the earnings season .
The chipmaking giant announced $57 billion in sales during the most recent quarter.
The figure is up 62% year-over-year and way above estimates. In other words, Nvidia didn’t just calm the market. It kicked the door open and shouted: “Get in losers, we’re going shopping.”
CEO Jensen Huang was even more enthusiastic, declaring that “AI is going everywhere, doing everything, all at once.” In classic Huang fashion, you could almost smell the leather jacket.
💽 Data Center Demand: Still Insatiable
Let’s cut to the headline number: $51.2 billion in data-center revenue. Analysts expected $49 billion. Nvidia delivered more.
The company’s new Blackwell GPUs, described by Huang as “off the charts” when it comes to demand, continue to fly off the production line the moment they’re made.
Quarterly net income hit a whopping $31.9 billion, up 65% from the year prior. At a time when most companies celebrate single-digit percentage growth, Nvidia is casually stacking double and triple digits.
📈 Markets Exhale, Futures Soar
The relief was immediate and widespread. You could say that Nvidia’s earnings are not just earnings anymore, but a macro signal.
Here’s what the picture looked like after the release:
CoreWeave NASDAQ:CRWV jumped 10%
Futures tied to the Nasdaq NASDAQ:IXIC climbed 2%
Every Magnificent Seven stock flashing green
Investors had been waiting for confirmation that the AI boom still had room. And Nvidia delivered enough reassurance to light up the entire tech complex.
“Okay. Maybe we don’t need to rotate into utilities just yet,” every tech bro, probably.
😬 The Stakes Were High. Really High.
The reaction, though, must be taken within the current context. Over the past few weeks, tech stocks were hit by deep selloffs as markets fretted over the same question: “Is AI too expensive?”
Between skyrocketing capital expenditures, absurdly ambitious data-center budgets, and the kind of spending plans that would make even sovereign wealth funds blush, investors wondered whether Big Tech was building an AI future or an AI money pit.
Even Michael Burry stepped in, revealing positions betting against Nvidia NASDAQ:NVDA and Palantir NASDAQ:PLTR . That move alone sent pockets of the market into a philosophical crisis.
After all, that’s the guy from “The Big Short” and he’s hedged against your favorite trade.
🤖 So… Are the Bulls Back?
Maybe. For now at least. But with conditions.
Nvidia’s stock more than doubled between April and late October, only to slide in recent weeks as bubble fears thickened. Year to date, the stock is still up about 30%.
Nvidia’s numbers prove that AI spending is still accelerating. But the broader question remains: Can companies actually turn those massive AI investments into profit?
Nvidia’s blowout quarter just reset the narrative:
AI demand is still real
Spending is justified
The cycle is still “virtuous,” in Huang’s words
After this earnings print, the bull case has something it desperately needed: momentum.
And momentum is a powerful thing, especially in a market that had started to doubt its favorite story.
Off to you : Do you still see room for growth in the AI space? Or is that rebound a short-term reflex? Share your views in the comments!
