Does Nvidia Take the Money... Or Wait to See What's Behind the Curtain?

Bubble bubble, toil and trouble...

It seems everybody has an opinion on what Nvidia's (NVDA) latest blowout earnings and guidance means...

But to me, the bigger question boils down to: Is the euphoria surrounding Nvidia really signaling the dawn on the Internet part deux? Or is it a sign of the market's last hurrah before a blow-off top?

As somebody who raised a red flag or two (or three) in the mid-to-late 1990s – based on historic metrics, logic, and common sense... all suggesting that today's bubble should burst any day – don't look at me for an answer. Trying to get this one right is like trying to guess the number of gumballs in a giant jar... 

What I do know is that artificial intelligence ("AI") is real... so real that it was here long before ChatGPT arrived on the scene.

Nvidia, in fact, has been talking about AI since at least 2011... back then, for the way it enhanced the realistic nature of video games.

Now, AI has become a quiet force in everybody's everyday life... mostly without fanfare. It's what makes the c…