1 Top Chip Stock Ready to Ride Nvidia’s AI Tailwinds Higher

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Nvidia’s (NVDA) blockbuster earnings report and rosy outlook were music to the ears of its investors, who have pushed its share price into the stratosphere this year.NVDA shares jumped more than 6% in one week after it reported a year-over-year quarterly revenue increase of 101% on Aug. 23, and its stock price has more than tripled (up more than 232%) since the beginning of the year. For the most recent quarter, Nvidia racked up $13.51 billion in revenue, more than doubling last year’s figure and setting a new second-quarter company record. The jump in sales was mostly driven by its data cente…

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