Nvidia (NASDAQ: NVDA) enjoyed a stellar growth year in 2023, becoming the poster child for a boom in artificial intelligence (AI).

The company benefited from a spike in demand for graphics processing units (GPUs), the chips necessary for running and training AI models. As a result, Nvidia's stock is up more than 200% year over year alongside soaring earnings. With excitement over AI unlikely to dissipate in 2024, Nvidia appears to be on a promising growth trajectory, and earnings-per-share (EPS) estimates support this.

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Source Fool.com