Nvidia's Q2 'Drop The Mic' Moment Potentially Igniting A Tech Rally That Will Continue Through Rest Of Year: Analyst

Benzinga ·  08/24 08:34

NVIDIA(NVDA.US) reported stellar second-quarter results that sent the overbought stock to record territory.Commenting on the results, Wedbush analyst Daniel Ives said he sees the results as the "best barometer for AI demand."'Drop The Mic' Moment: Godfather of AI Jensen Huang and Nvidia delivered in "homerun fashion," said Ives in a note. The results and guidance were a "drop the mic" moment that will have a ripple impact on the tech space for the rest of the year, he said."This is an unprecedented demand that we are seeing before our eyes in the AI

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