Analysts upgraded their outlooks for Nvidia stock on Thursday after a big earnings report from the AI chip maker.

Markets are exploding on Nvidia (NASDAQ: NVDA) earnings. Just last night, Nvidia posted EPS of $1.30, which beat estimates by four cents. Revenue of $57 billion, up 62.5% year over year, beat by $1.91 billion.

Jay Goldberg, the only sell-side analyst with a bearish rating on Nvidia's stock, saw "a few blemishes" despite Nvidia's "good quarter and solid guidance." "For starters, the company sounded fairly cautious about gross margins next year,

Wall Street experienced a wild rollercoaster ride on Thursday, opening sharply higher on another set of strong results from artificial intelligence giant Nvidia, only to end deep in the red as investors reassessed that optimism and mixed signals from the first U.

Nvidia reported quarterly results that handily topped Wall Street expectations, sending the stock sharply higher in after-hours trading.

The better market mood triggered by Nvidia's barnstorming earnings and outlook is reducing concerns about sharp, and possibly negative, stock market moves. The Cboe Volatility index (VIX), is an option-derived measure of expected S&P 500 moves,

Wall Street's main indexes were set for a higher open on Wednesday following sharp losses earlier in the week, as investors set their eyes on Nvidia's earnings which could prove to be a make-or-break moment for the AI trade.