Analysts are calling the company's results a "1995 moment," evoking the internet's boom. The enormous revenue reflects an increase in AI spending from Nvidia's largest clients, such as Google Cloud, Meta, and Oracle. These results, while impressive on their own, have larger implications for the "AI Gold Rush," according to analysts from Wedbush Securities. Nvidia's earnings are a sign that AI spending isn't going anywhere. "This build out is unlike anything we have seen since the Internet in 1995 and the ramifications are just starting to ripple through the consumer/enterprise landscape," Wedbush analysts said in a statement.

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Persons: Bernstein, Rush, Mark Doms Organizations: Nvidia, Meta, Google, Oracle, Service, Wedbush Securities, International Data Corporation, Federal Reserve Bank Locations: Wall, Silicon, San Francisco