Shares of Nvidia (NVDA) dipped about 1% on Thursday despite an "exceptional" quarter and "stellar" guidance. The stock gave up its gains of about 5% premarket, which would have seen the company's market cap set to get a boost of over $200B.

Nvidia ( NVDA) took its detractors to task during the company's Q3 earnings call on Wednesday, with both CEO Jensen Huang and CFO Colette Kress launching broadsides against investor concerns related to an AI bubble.

Nvidia Q3: revenue up 62% and net income up 65% on strong AI chip demand; shares up ~4% after hours; market cap recently topped $5T.

Q4 guidance also exceeded the analyst consensus estimates on the top and bottom lines. Nvidia's report indicates that the outlook for the AI market in general remains robust. Investors' positive reaction is attributable to Q3 revenue and adjusted earnings per share both beating Wall Street's estimates,

Nvidia's Q3 earnings briefly soothed investors' fears about AI demand before concerns about a stock market bubble retook center stage.

NVIDIA Corporation's strong earnings beat expectations, but stagnant margins raise questions. Click here to read an analysis of NVDA stock now.

Nvidia's Q3 earnings report states that all Nvidia AI cloud GPUs are sold out. In today's video, I discuss recent updates affecting Nvidia ( NVDA 1.06%) and other artificial intelligence stocks. To learn more, check out the short video, consider subscribing, and click the special offer link below.

“There’s been a lot of talk about an AI bubble,” he said, but made it clear that Nvidia is seeing something remarkably different in the real world. Blackwell sales, he said, felt “off the charts,” while cloud GPUs are “sold out,” and demand is being driven by actual spending, not hype.