Nvidia Stock Just Did Something It Has Never Done Before. History Says the AI Stock Could Do This Next.

Some industry giants are building so-called super clusters of computer servers that cost billions of dollars and contain unprecedented numbers of Nvidia’s most advanced chips.

Nvidia’s monster third quarter, bullish guidance, and multi-trillion dollar potential was not enough to satisfy Wall Street. Similar to what happened last quarter, the world’s largest stock ticked more than two percent lower in overnight trading following the blowout earnings report:

Nvidia Corp.’s surging share price has created a challenge for Jensen Huang’s charitable foundation: As the stock climbs, so does the amount of money it has to give away.

The swing came amid an unusually high-volume trading session, with more than 200 million Nvidia shares trading hands in the first 100 minutes of trading, topping the stock’s median full-day volume over the prior 20 trading sessions of 196.5 million, according to Yahoo Finance data.

The Dow deletion effect suggests Intel might be positioned for outperformance. Yet Nvidia’s AI leadership suggests otherwise. Nvidia replacing longtime member Intel in the Dow Jones Industrial Average earlier this month is more than just a name change.

If the still-rapid growth of artificial intelligence isn’t pushing the market higher right now, something else will have to do it.