Wall Street has been witnessing a strong rally in technology stocks since early 2023, supported by an impressive adoption of artificial intelligence. However, a section of technical and financial experts has warned that the AI space is much hyped and likely to form a bubble. In contrast, the latest quarterly financial results of AI chipset behemoth — NVIDIA Corp. (NASDAQ: NVDA) — smashed all concerns. Blockbuster Q1 2025 NVIDIA reported that blockbuster first-quarter fiscal 2025 revenues of $26.04 billion, soared 262% year over year, marking the third straight quarter of growth in excess of 200%. The metric also exceeds the consensus estimate of $24.33 billion. Adjusted earnings per share were $6.12, ahead of the Zacks Consensus Estimate of $5.49. This compares to earnings of $1.09 per share a year ago. The company's data center revenues soared 427% year-over-year to $22.6 billion. Gaming revenue up 18% year over year to $2.65 billion. Professional visualization revenues and automotive sales came in at $427 million and $329 million, respectively. The AI market has gathered pace in the past few years buoyed by the rapid penetration of digital technologies and the Internet. These astonishing results were primarily due to ...