The thrill of AI is fading – and Wall Street is getting clear-eyed about value

Nvidia has delivered an impressive earnings report with a 122% sales rise and profits doubled. Despite this, Nvidia's shares slumped 7%, reflecting Wall Street's recalibration of expectations around AI's actual value. This marks a shift as initial excitement wanes, prompting a more realistic assessment of AI's revenue-generating potential amid concerns that the AI boom could be a bubble set to burst.

• Nvidia's Q2 sales rose 122%.
• Profits doubled in the same period.
• Nvidia shares fell 7% post-earnings.
• Stock is up over 150% for the year.
• Nvidia's valuation hit $3 trillion.