Four giant companies have been at the forefront of the artificial intelligence (AI) boom in 2023. Nvidia (NASDAQ: NVDA) has been the biggest winner, by far, with its shares more than tripling year to date. Amazon (NASDAQ: AMZN) and Google parent  (NASDAQ: GOOG) (NASDAQ: GOOGL) have seen their stocks skyrocket more than 50%. Microsoft (NASDAQ: MSFT) lags the group, but its shares have still jumped nearly 40%.

Stock performance isn't the only area in which Nvidia is excelling, though. Here's how the chipmaker is trouncing Amazon, Alphabet, and Microsoft on another critical investing metric.

Return on invested capital (ROIC) ranks as one of the most important financial metrics for investors. It measures how efficiently a company uses its capital to make profits. A company that can consistently deliver a high ROIC typically performs well over the long run.

Continue reading

Source Fool.com