Investors have been excited about the prospects for artificial intelligence all year, and no company has cashed in more on the AI trend than Nvidia (NASDAQ: NVDA). Investors had been looking forward to the semiconductor chip maker's fiscal second-quarter financial report for months, and they were far from disappointed with the results.

Indeed, Nvidia's AI-fueled growth has inspired plenty of tech stocks to follow suit with initiatives of their own. Not every company has been successful in reaching its full potential with AI, but some are doing a better job than others. As Nvidia's stock jumped on its good news, Splunk (NASDAQ: SPLK) managed to post even larger percentage gains in its share price. Read on to get all the details on both companies and their financial reports.

Shares of Nvidia rose 7% in premarket trading Thursday morning. The chipmaker's Wednesday evening release of its quarterly results for the period ended July 30 went far beyond the high expectations the company itself had set just three months earlier.

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Source Fool.com