Nvidia Q2 earnings smash estimates again, but analysts say it may not be enough

Nvidia posted blockbuster earnings on Wednesday, giving fresh proof that the artificial intelligence boom is still going strong, and that the $5 trillion chipmaker remains its biggest beneficiary.

For the three months ending in July, the company pulled in $96.2 billion in revenue, up 106% from a year ago. Looking ahead, Nvidia forecast sales of around $108 billion for the current quarter, comfortably above the $104 billion that Wall Street had estimated.