Nvidia (NVDA) posted its sixth consecutive earnings beat on Wednesday after the market close, with the tech giant's second quarter results surpassing estimates on both revenue and profit. Despite topping estimates, Nvidia shares still declined following the quarterly report.

To provide insight on this development, I/O Fund Lead Tech Analyst Beth Kindig joins Morning Brief.

Kindig characterizes Nvidia's report as "great," noting that projections for the company continue to be revised upward, never downward. While Nvidia did mention delays with shipments of its Blackwell GPU, Kindig states this "is not a concern; if anything, it's extremely bullish."

She explains that Nvidia is in the midst of a product cycle, and when the Blackwell GPU chips begin shipping, it will be "absolute, ultimate fireworks" for the company.

"It's important to understand that there's a shipping cycle that occurs for this company. Some media outlets have blown that out of proportion," Kindig tells Yahoo Finance. She adds: "Early next year will be fireworks again for Nvidia, and we will be on track for that $10 trillion [valuation]."

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This post was written by Angel Smith