Nvidia Soars to Record Revenue on AI Chip Demand, Analysts Bullish on Growth Prospects

Nvidia's high-end GPUs fuel staggering revenue growth, with Q2 2022 revenue up 101% and earnings up 429% year-over-year.

Demand is surging for Nvidia's new H100 GPUs used for AI computing. Nvidia expects $16B revenue in Q3 2022.

Nvidia continues forging partnerships, like with Reliance and Tata in India, to expand market presence.

Competition emerging in AI chips from Microsoft, OpenAI, but Nvidia expected to keep 90% market share.

Wall Street bullish on stock with 38 Buys, 1 Hold rating. Average analyst price target implies 38.8% upside.