Nvidia‘s (NASDAQ: NVDA) powerful chips are used in almost every data center and cloud service provider for the most advanced artificial intelligence (AI) workloads. Its stock has rocketed over 30,000% over the last 10 years, making Nvidia the most valuable company in the world with a market cap over $4.6 trillion at the time of writing.
But Nvidia’s management mentioned one number on the company’s last earnings call that stunned analysts, and it’s why the stock is still a no-brainer buy.
Image source: Nvidia.