In the spring of 1987, when I was a wet-behind-the-ears intern at Apple, I distinctly remember my boss complaining to a colleague. Apple had just announced their earnings, and both sales and profits were way above expectations. The stock, to their astonishment, went down instead of up. “What else do they want from us?” he asked rhetorically. Apple had been an absolute darling of Wall Street for the past few years, moving up hundreds of percent, and to them it just didn’t seem……………fair.

So, too, with Nvidia, which just announced their quarterly results and whose data simply blew everyone’s socks off. Revenue beat. Profits beat. Forward-looking projections were increased. It was just sunshine and unicorn farts as far as anyone could see or smell.