Nvidia (NASDAQ: NVDA) represents one of the most straightforward ways to invest in the booming artificial intelligence (AI) market. Most of the world's top AI companies -- including , ChatGPT's creator OpenAI, and Amazon -- currently use its high-end GPUs to process complex AI tasks. That market is growing rapidly as more organizations harness the power of generative AI tools to predictively generate fresh content instead of simply crunching large amounts of data.

That's why analysts expect Nvidia's revenue and adjusted earnings to soar 119% and 268%, respectively, in fiscal 2024 (which ended this January). They expect its revenue and adjusted earnings to grow another 58% and 69%, respectively, in fiscal 2025 as the AI market continues to expand. Those growth rates are remarkable, but Nvidia's stock isn't exactly a screaming bargain at 30 times forward earnings and 16 times next year's sales.

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Source Fool.com