Gil Luria of DA Davidson highlighted increased competition from China and declining profit margins as concerns for Nvidia.

Rumors of Nvidia's demise were greatly exaggerated. The AI chip king posted impressive results Wednesday night, and its overall growth prospects look as promising as ever. The stock’s 8.5% decline after earnings makes the opportunity all the more compelling for investors.

Key Takeaways Nvidia shares gave up early gains Thursday after the chipmaker reported earnings that topped Street estimates. Investors may have expected more from the AI darling.However, analysts said they're still bullish on the chipmaker's prospects,