Nvidia's earnings report shows the problem of being priced for perfection

Nvidia reported better-than-expected results on Wednesday and issued optimistic revenue guidance, but the gross margin showed slight slippage.sailing past estimates

Rasgon, who recommends buying shares of the chipmaker, said there are no indications that demand is waning for Nvidia's graphics processing units , the core infrastructure for developing and running AI models.Breaks in main water pipeline for Grand Canyon prompt shutdown of overnight hotel stays Other than missing the"whisper" numbers, some investors may be looking at Nvidia's gross margin, which slipped a bit in the quarter to 75.1% from 78.4% in the prior period. That's up from 43.5% two years ago and 70.1% in the fiscal second quarter of last year.

Huang also said that next-generation AI models would require"10, 20, 40 times" more computing power, echoing comments recently made by

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