Nvidia shares set to open at record high after big earnings beat

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The AI darling has seen demand for its powerful GPU chips surge over the last year and projects that demand will continue through next year.

Nvidia shares jumped 7% after the company reported a beat on the top and bottom lines.

Analysts also honed in on strong guidance for the upcoming quarter. The company expects around $16 billion of revenue for its fiscal third quarter, up 170% compared to the year-ago period.

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