This 1 Number May Ensure Nvidia's Artificial Intelligence (AI) Chip Dominance

Nvidia (NASDAQ: NVDA) stock has soared over 435% since the beginning of 2023 as companies flock to the tech giant for its top-performing suite of artificial intelligence (AI) chips. Its top and bottom lines have exploded, rising at triple-digit rates quarter after quarter. In the fiscal 2024 fourth quarter, revenue reached a record high $22.1 billion, and net income rose to $12.3 billion.

But even amid this good news, investors have worried about one thing: competition. Nvidia faces challenges from fellow chip designers like Advanced Micro Devices and even some of its partners like Amazon Web Services (AWS). But before you worry too much about rivals dethroning this market giant, it's important to look at one particular number -- one that may ensure Nvidia's AI chip dominance going forward.

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Source Fool.com