Nvidia stock on meteoric rise. Will earnings keep up?

Analysts predict faster profit growth than Apple's during iPhone boom

20240308N Nvidia

Nvidia's share price has nearly doubled this year thanks to its near-monopoly on AI chips. © Reuters

DAICHI MISHIMA, Nikkei staff writer

NEW YORK -- Exuberance about the potential of artificial intelligence has propelled U.S. chipmaker Nvidia's shares to record highs, as investors anticipate a breakneck pace of profit growth with few recent parallels.

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