When it comes to tech darlings, NVIDIA (NVDA) has shown over the part year that it is one of the top companies. So, when their earnings dropped on February 21st, it wasn't exactly a shocker. More like a victory lap with fireworks.

Nvidia Revenue

Numbers that would make a quant blush: $22.1 billion in revenue? They clearly beat expectations surprising most analysts and causing the whole market to move higher. And the company came out with new guidance for next quarter that is also very strong.

Wall Street's out there with their measly projections, and NVIDIA's saying, "Amateurs."

Now, the market, bless its collective heart, went bonkers.

The move higher in the market was not entirely based on Nvidia performance. It's a bellwether, people. See, NVIDIA isn't just pushing bits, they're pushing the boundaries of AI. And in a world obsessed with artificial intelligence, their performance is like reading the entrails of the tech industry.

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And guess what? The entrails look good. AMD, Super Micro, even Palantir – they all hitched a ride on NVIDIA's rocket ship. It's like a rising tide lifting all the AI boats (though some, admittedly, leakier than others).

But there's a fly in the ointment, or should I say, a chip shortage in the fab. Demand for NVIDIA's latest goodies is through the roof, hotter than a blockchain in Miami. Supply, on the other hand? Not so forthcoming. It's a classic case of too many gamers and not enough graphics cards.

And let's not forget the data center bonanza. Revenue there went supernova, exploding 409% year-over-year. That's like finding a Bitcoin mine in your basement (not that I'd know anything about that).

So, what's the takeaway? Continue to watch NVIDIA stock over the next quarter. They're a chipmaker but they are also a harbinger of the future, shaping the digital landscape. And as for the market tremors?

Let's say they're feeling the aftershocks of a tech giant in overdrive. The AI revolution is just getting started. P.S. Don't expect me to quote myself. I leave the theatrics to the analysts.

Nvidia posts Q4 beat on revenue and earnings