Despite some quibbling and handwringing over Nvidia’s latest earnings report earlier this week, the tech powerhouse continues its inevitable march to a $4 trillion valuation. It’s hard to find much not to like about Nvidia’s third-quarter earnings results.

Market superstar Nvidia also topped forecasts, but Wall Street’s ambivalence about whether the heavyweight's report was impressive enough is keeping indexes in check. The S&P 500 was 0.6% higher, as of 1:02 p.