NVIDIA, a leading company in the field of artificial intelligence (AI) chips, recently announced that its quarterly revenue for the end of July has doubled compared to the same period last year, reaching a record high of $30 billion. However, despite this impressive performance, the company's stock price has experienced a decline of over 6% in the New York market. NVIDIA has long been a major beneficiary of the booming AI industry, with its market value surpassing $3 trillion and a year-to-date increase of over 160%. Regarding the stock price fluctuation, Matt Britzman, Senior Equity Analyst at Hargreaves Lansdown, pointed out, "The issue is not only that the performance exceeded expectations, but the market expects NVIDIA to continuously break records, and the extent of this unexpected performance seems to have not fully satisfied the market's fervent expectations." Behind these soaring expectations is NVIDIA's nine-fold increase in valuation in less than two years, thanks to its absolute leading position in the AI chip market. In this quarter, NVIDIA's operating profit also achieved astonishing growth, rising by 174% year-on-year to $18.6 billion, surpassing analysts' predictions for the seventh consecutive quarter in terms of sales and profits. NVIDIA CEO Jensen Huang stated, "Generative AI is leading the innovation in every industry." This series of outstanding achievements has become the focus of attention in the capital market every quarter, sparking enthusiastic reactions on Wall Street, with some even planning to hold "watch parties" to celebrate. Huang himself, with his iconic leather jacket image, is hailed as the "Taylor Swift of the tech industry." Alvin Nguyen, Senior Analyst at Forrester, pointed out in an interview with the BBC that NVIDIA and Jensen Huang have become iconic figures in the field of AI. This status to some extent solidifies the company's market position, but Nguyen also warns that if AI technology fails to demonstrate its expected value after massive investments by enterprises, NVIDIA's valuation may face challenges. He emphasized, "The demand for AI applications is not just in the thousands, but needs to reach millions." Furthermore, Nguyen analyzed NVIDIA's market advantages, stating that its first-mover advantage allows the company to have market-leading products, a customer base accumulated over many years, and a well-developed "software ecosystem." However, he also pointed out that with competitors such as Intel continuously developing new products, there is a risk of market share erosion in the future, although this process may be relatively lengthy.