Nvidia adds the market cap of AMD after hours after huge forward guidance.

What's interesting is Nvidia’s overall sales fell 13% on a year-over-year basis.

Net income for the quarter was $2.04 billion, versus $1.61 billion from the same period last year

Nvidia stock is up 109% so far in 2023, mostly driven by optimism stemming from the company’s leading position in the market for AI chips.

Something to remember, for growth businesses like Nvidia, the value of revenue multiple years out is being discounted back to today. This means the smallest adjustment to revenue multiple years out makes a big difference when discounted back to today.

This is how blow-off tops usually play out.