Ed Elson

Nvidia stock rose as much as 5% after hours, but then moderated during the call.

Salesforce also reported yesterday, but those earnings had a very different outcome.

The company's revenue grew 12% in the fiscal fourth quarter, which was its fastest growth rate in two years.

However, investors were disappointed with the company's revenue guidance,

for 2026.

That sent the stock down nearly 6% after hours.

Joining us to unpack these earnings, we are speaking with Gil Luria, Head of Technology Research at DA Davidson.

Gil, good to see you.

I want to start with Nvidia here.

Another incredible monster quarter.

This keeps on happening.

Everyone thinks that we're going to see an issue and everyone gets very anxious.

And then just an unbelievable quarter.

Your initial reactions?

What does this mean for the...

I don't know if I could call it AI bubble story at this point.

The AI anxiety story, maybe we have to call it.

We saw the Citrini Research article that came out this week and got everyone very anxious about AI.

We've seen just incredible drawdowns in the software sector, again, because of AI.

What does this do to the AI story?