Nvidia has enjoyed being at the top of the artificial intelligence (AI) world for some time. Its graphics processing units (GPUs) are best-in-class for handling AI workloads, and many companies have purchased these GPUs by the thousands to set up their AI computing infrastructure. But these GPUs aren't cheap. Nvidia's flagship GPU, the H100, is rumored to cost around $30,000 to $40,000 apiece.

The margins on these units are quite impressive, which has driven Nvidia's profits through the roof. But when there's that big of a gold mine that one company is sitting on, challengers will surely arise to grab some of the market.

Meta Platforms (NASDAQ: META) and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) are two of the latest challengers, and their new products are sure to take over some of Nvidia's market share.

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Source Fool.com