Physical AI Gets Another BoostNvidia’s (NVDA 0.00%↑) earnings report and call strengthened the case we’ve been making about the AI buildout.Revenue hit a record $81.6 billion, up 85% year-over-year. Data Center revenue hit a record $75.2 billion, up 92%. More important for today’s alert, CEO Jensen Huang described the buildout of AI factories as “the largest infrastructure expansion in human history,” and Nvidia’s new reporting framework now includes Edge Computing as a separate platform, explicitly covering physical AI applications including robotics and automotiveThat also reinforces the point we made in “Partying Like It’s Not 1999”.
— Portfolio Armor (@PortfolioArmor) May 17, 2026Cisco Systems (CSCO 0.00%↑) was roughly the Nvidia of the dot-com boom: the critical networking supplier behind the internet buildout. At its peak in March 2000, using Peter Lynch’s favorite valuation metric, the PEG ratio (Price/Earnings divided by Growth rate), Cisco was trading at a PEG ratio of >4. Prior to this week’s report, Chartmill had a next-year PEG ratio of 0.64 for Nvidia. That will probably be a bit lower once this report is taken into account.Nvidia is producing staggering current revenue and earnings while the AI buildout is still accelerating.Back To OusterEarlier this month, in our “Physical AI, Power, Semiconductors, And Biotech” alert,
