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Nvidia is having a good year thanks to the AI hype.
  • AI chipmaker Nvidia posted record second-quarter revenues of $13.51 billion.
  • The bumper earnings were 88% higher than the previous quarter and up 101% on-year.
  • One jubilant analyst made a bold call: He thinks Nvidia will be the "most important company to civilization" in the next decade.

Wall Street darling Nvidia had another blowout quarter thanks to robust demand for its artificial intelligence, or AI, chips, sending its share price surging.