Taking Stock of the Earnings Picture

Nvidia’s (NVDA) quarterly results were excellent, with the chip giant not only beating estimates and raising guidance but also achieving top- and bottom-line growth rates that are typically associated with start-up players.Nvidia’s Q3 earnings increased +106.3% from the year-earlier period to $19.37 billion while revenues were up +93.6% year-over-year to +35.08 billion.To get a sense of the market’s lukewarm reaction to these otherwise impressive results from Nvidia, take a look at the chart below that plot ...