Nvidia's Q1 earnings report highlights the growing importance of artificial intelligence (AI) across various industries. The company's $1.09 earnings per share and $7.19bn revenue both exceeded Wall Street estimates. Meanwhile, it expects to reach $11bn in sales for Q2, largely driven by its leadership position in AI chip-supplying. However, while some investors remain excited about AI's potential, others have concerns about the Economy and the technology's impact. As chief investment officer at Bleakley Advisory Group Peter Boockvar noted, the benefits of AI for the rest of the economy will be a "multiyear, multidecade process."

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