Nvidia (NASDAQ: NVDA) is the world's biggest artificial intelligence (AI) chip company, holding 80% share of the market. The company's graphics processing units (GPUs) power the most crucial AI functions, such as training and inferencing, but Nvidia doesn't stop there. The tech giant sells a whole portfolio of products and services that help businesses develop AI programs -- and potentially go on to save money and win in their industries.

Investors have expressed one big worry about Nvidia, though. The company faces a considerable amount of competition that ranges from fellow chip companies like Intel to Nvidia's own customers such as Amazon. The idea of competition eating into Nvidia's market share is a big concern, and if that scenario plays out, the tech company's stock could come under some serious pressure.

But here's good news for Nvidia investors and potential investors. Competition may not be a problem for the chip designer. In fact, three words from Nvidia chief executive officer Jensen Huang should erase your worries -- and reassure you about this company's long-term growth potential.

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Source Fool.com