Nvidia published its latest set of quarterly financials after markets closed on Wednesday evening. Reading the first paragraph of the press release is hardly inspiring, with mention of typical ups and downs in revenue trends. However, Nvidia shares have seen incredible interest overnight, and at the time of writing, they are up nearly 30% in value pre-market. In fact, it appears that Nvidia is on the path to being the first semiconductor chip maker with a $1 trillion market cap.
The reason for the Nvidia boom is little or nothing to do with gaming graphics cards, so popular with which PC enthusiasts and gamers. Instead, the rocket fuel here is Nvidia's pivotal perceived role in accelerating the AI revolution.
