Nvidia ( NVDA -0.01%) is the leading supplier of graphics processing units (GPUs) for data centers, which are used to develop advanced artificial intelligence (AI) models. The company consistently grew its quarterly revenue by triple-digit percentages over the past year, propelling its market capitalization to $3.2 trillion.

Alphabet is developing and improving its competing AI product, the Tensor Processing Unit (TPU). It launched the sixth-generation TPU, Trillium, earlier this year. With five times more speed and 67% more energy efficiency, sixth-gen Trillium is a considerable leap over version five.

The hottest artificial intelligence (AI) stock no doubt has been Nvidia, whose graphic processing units (GPUs) have become the backbone of the AI infrastructure buildout. However, with spending in the space still frantic as companies rush to compete, Nvidia won't be the only winner.

Nvidia's stock has enjoyed incredible gains over the last five years. It's only natural for competitors to pop up.

Chipsets known as graphics processing units (GPUs) are an integral component in the development of artificial intelligence (AI) applications. At the moment, Nvidia (NASDAQ: NVDA) holds an estimated 88% of the AI GPU market thanks to its industry-leading A100 and H100 GPUs.

NVIDIA just unveiled a new powerful open-source artificial intelligence model, NVLM 1.0. The flagship model can manage 72 billion parameters if it is going downhill and the wind is behind it. Dubbed the NVLM-D-72B the model can interpret data presented in charts and tables,

In today's video, I discuss why Nvidia (NASDAQ: NVDA) investors should not be worried about Advanced Micro Devices' (NASDAQ: AMD) latest AI announcements. To learn more, check out the short video, consider subscribing,