Shares of Nvidia Corp. were climbing 3% midday Tuesday, putting the company on course to becoming the most valuable U.S. public company by market capitalization yet again.

Nvidia (NASDAQ: NVDA) once again demonstrated rapid growth as demand for its graphics processing units (GPUs) remains robust. Let's take a closer look at Nvidia's results to see whether the stock still has a lot of growth left in the tank.

Nvidia stock was rising on Monday as investors adjusted to new tension about trade. Shares in the chip maker rose 1.2% to $136.73 in early trading. Nvidia last week reported strong earnings but it still faces a potential obstacle in a flare-up in trade tensions between China and the U.