There has been a lot of talk about artificial intelligence and the impact it will have on humanity and the economy ever since the release of ChatGPT last November. But that enthusiasm began to translate into eye-opening financial results with Nvidia's (NASDAQ: NVDA) blowout guidance on May 24 -- roughly six months later.

Nvidia's guidance seemed to validate the recent bullishness for semiconductors and cloud platforms generally, propelling many such stocks significantly higher. However, for some, Nvidia may now look at tad pricey, at over 200 times earnings and 35 times sales.

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Source Fool.com