Nvidia delivered its strongest quarterly performance to date, reporting all-time highs in revenue and earnings per share that surpassed consensus forecasts by the widest margins in company history.

Despite the blockbuster financials, US stock futures showed negligible movement, leaving traders and investors surprised by the lack of an immediate uptick in Nvidia’s market valuation.

Market strategists and analysts have expressed puzzlement at the lukewarm response, while CNBC’s Jim Cramer suggested that this ‘cool reception’ could presage a more significant rally in the days ahead.

With demand for AI hardware and datacenter chips still accelerating, many expect Nvidia’s stock to eventually reflect its record results, though timing of the rebound remains uncertain.