Nvidia (NVDA) reported better-than-expected second quarter results after the market close on Wednesday with forecast for the current quarter that also beat expectations. The chip giant reported adjusted earnings of $0.68 per share compared to the expected $0.64. Revenue was $30.0 billion versus an estimated $28.86 billion.

Can the chip-making giant, as well as other semiconductor manufacturers, keep up its momentum?

D.A. Davidson managing director Gil Luria joins Market Domination Overtime alongside Yahoo Finance Executive Editor Brian Sozzi to discuss Nvidia's second quarter earnings, market expectations for competition in the space, and what the future holds for these companies.

"My expectation is that next year we're going to have, at the very least decelerating growth and possibly at some point, revenue declines, where if you look at consensus estimates, sell-side estimates, they are for the growth to continue at very, very high rates that are very hard to justify considering Nvidia's revenue is these other companies' margins," Luria says.

He follows that sentiment up with: "Microsoft (MSFT) has guided to lower margins this year specifically, and because of their spend on Nvidia GPUs and the fact that they have to depreciate those data center costs that can't last forever. And that means that the estimates for next year and the year after that are starting to get way, way out of control."

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Nicholas Jacobino