Equity markets advanced on Wednesday, led by NVIDIA and hope that AI would drive the company to new highs: those hopes were met. The company's Q2 revenue is 33% better than the company's "jaw-dropping" guidance, and guidance was raised again. The takeaway from the report is that data centers and big tech are shifting away from traditional computing into high-speed computing and AI, and NVIDIA is the foundation of AI.

The news sent shares of NVIDIA up more than 5.0% in premarket trading, and the rally should continue. The guidance will lead the analysts to up their targets for the Q3 and FY results and the longer-term outlook. The question for investors is if it's time to go all-in on AI and if that means chasing NVIDIA shares higher. Given the results, it is possible that NVIDIA shares could gain another high-double-digit advance before the end of the year.