Chip designer Nvidia (NASDAQ: NVDA) is absolutely crushing the stock market these days. Nvidia's stock has provided a total return of 147% since the start of 2024, leaving the S&P 500 (SNPINDEX: ^GSPC) index far behind at a 13% total return.

Nvidia's price gains have created a monster, though. And another beastly investment looms even larger. I wouldn't touch it with a 10-foot pole, a thousand-watt laser pointer, or an AI-generated digital finger.

First things first. I'm impressed by Nvidia's mastery of the market for artificial intelligence (AI) accelerator chips. The company's A100 and H100 processors are found in most of the supercomputers that trained today's most powerful generative AI systems, starting with OpenAI's ChatGPT. Looking ahead, the Blackwell platform should play a similar role in the next generation of large-scale AI systems.

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Source Fool.com