Expectations were sky-high and some fatigue may have crept in over Nvidia’s rocket-like trajectory but make no mistake: this was a remarkable quarter, burnished by fantastic execution and a sound plan.

The chipmaker is the most valuable company on the S&P 500 index, reporting about $19 billion in profit. But its stock price dipped after Wednesday's earnings report.

Nvidia's third-quarter earnings report, released after the market closed today, was strong. The stock is down in after-hours trading.

U.S. stocks climbed Thursday after market superstar Nvidia and another round of companies said they’re making even fatter profits than expected. The S&P 500 pulled 0.5% higher after flipping between gains and losses several times during the day.