Expectations ran high ahead of the results, with Nvidia shares up more than 20% over the last two months and hitting an intraday record high on Monday. The stock has nearly tripled so far this year and is up more than ninefold over the last two years, giving it a market value of $3.6 trillion.

The artificial intelligence chipmaker reported record revenue of $35 billion as the AI boom continues, but offered a more tempered forecast than some analysts expected. In what’s become a must-watch event for Wall Street types: Nvidia released its latest earnings report after Wednesday’s market close,