Chipmaker Nvidia posted yet another blockbuster earnings report this month.
The stock fell anyway, as many investors worry that the market is in the middle of an about-to-burst AI bubble.
But for AI’s biggest believers, the report was just another sign that the industry’s train isn’t running out of steam anytime soon.
“Fears of an AI Bubble are way overstated in our view,” Wedbush analyst Dan Ives wrote in a note last week. The Nvidia earnings report “is another validation point for the AI Revolution and (in) our view we are in the Top of the 3rd inning of this AI game .”