The latest quarter delivered explosive cash generation and strong guidance, with real China risk and a rich valuation to weigh.

Crowd-pleasing growth isn't new for Nvidia ( NVDA -2.78% ) . But the AI and graphics chip company's late-August update still managed to turn heads. Revenue rose sharply year over year, and the data center engine kept humming. Management also issued bullish guidance for the current quarter.

Sure, shares are down since the report. But remember: The growth stock is still up 28% year to date and is up more than 240% since the beginning of last year. With a run like this in a rearview mirror, Nvidia needs to deliver impressive numbers -- and it did.

Recent results were strong and cash-rich

Nvidia's momentum in AI infrastructure continued. Fiscal second-

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