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What is happening with Nvidia is crazy!nnNvidia recently reported its Q4 fiscal earnings to a breathless Wall Street that was wondering: Is the AI revolution real, or is it another bubble just waiting to burst?nnIt’s appears to be real, and it’s spectacular.nnThe tech giant, whose advanced chips underpin the burgeoning AI ecosystem, crushed expectations with quarterly sales reaching $22.1 billion, a 265% increase from the same period a year ago. Its net profit also surged to $12.3 billion vs. $1.4 billion in the same period last year. Nvidia’s slam-dunk quarter capped off “one of the quickest rises in corporate history,” the WSJ gushed.nnIn a statement, CEO Jensen Huang said that AI has hit a “tipping point” with demand “surging worldwide across companies, industries, and nations.” And he would know—his company controls ~80% of the high-end AI chip market, per Reuters.nnAhead of this earnings report, Goldman Sachs’s trading desk dubbed Nvidia “the most important stock on planet Earth,” because Nvidia is a proxy for AI demand, and AI demand has been the main driver of the stock market for the past year.nnNvidia, the best-performing S&P 500 stock of 2023, dethroned Tesla as the most-traded stock by value.nnIt added more than $1.2 trillion in market cap in the last 12 months, briefly becoming the third-most valuable company in the country last week, ahead of Alphabet (Google) and Amazon.nnAll of this and yet most Americans still don’t know what they do🤷🏻‍♂️...