Nvidia, the poster child for AI/ML, just crushed earnings, reporting EPS of $5.16/share vs. $4.63 estimated and revenue of $22.1B (vs $20.4B estimated).

Take a look at its gross margins of 76.7%, and you'll realize that this isn't your father's semiconductor company.

Demand for Nvidia's H100 and A100 GPUs is reportedly increasing so rapidly that orders are reaching a 52-week delivery time.

The H100 is expected to contribute more than $45B in revenue in 2024 – this GPU provides up to 30x higher inference performance on large LLMs (that power Generative AI) compared to the A100.

Even AWS, which prides itself on providing servers on demand in the cloud at the click of a button, is having a hard time keeping up with the insatiable demand for Nvidia-based instances in all its regions. They're now offering blocks of GPU hours that need to be reserved ahead of time.

My 32-year old niece had the good fortune to be hired into Nvidia as a software engineer 6 years ago. She is one of the many new millionaires who have been minted by this stock. I'm a happy shareholder - been long Nvidia since Jan 2023.

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