Sales Set to Double for Chip Giant Nvidia as AI Frenzy Persists

What to Expect From Nvidia Earnings

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By THE PRESS ASSOCIATION (Henry Saker-Clark, PA Deputy Business Editor)

August 25, 2024 at 8:01 AM UTC

This article is for subscribers only.

Technology giant Nvidia is set to reveal another surge in profits on the back of doubling revenues as it benefits from the rapid adoption of generative AI (artificial intelligence).

The chip firm, which is currently the world's second largest listed company behind Microsoft, has seen its share price surge more than 160% since the start of the year as investors banked on continued growth for its AI and data centre businesses.