Roblox bills itself as the company "powering imagination." Within its ecosystem, users create and share experiences within 3D environments created by themselves or other users. Still, the potential for the metaverse has likely contributed to this higher valuation, a factor to consider when evaluating the case for Nvidia stock. However, it supports a price-to-earnings (P/E) ratio above 90, and its 31 price-to-sales (P/S) ratio comes in well ahead of archrival AMD at 12 times sales. These successes have helped Nvidia's stock rise by about 130% over the last year. Despite income tax expenses rising significantly, net income surged by 135% compared with the same period in 2022. Since the increase in the cost of revenue and operating expenses dramatically lagged revenue growth, Nvidia earned more than $6.7 billion in net income during the first nine months of fiscal 2022. The company generated $19.3 billion in revenue in the first three quarters of fiscal 2022, 65% more than the same fiscal 2021. The metaverse and other innovations continue to boost the top and bottom lines. Such dominance means that Nvidia will support the overwhelming majority of metaverse experiences. Moreover, Nvidia holds an 83% market share in the GPU market, according to Jon Peddie Research. This will enable reviewers, artists, and designers to work together in real-time across software applications, opening the metaverse to millions of additional users. The Omniverse serves as a development and simulation platform that serves as a foundation for the metaverse. To this end, it announced an expansion of the Nvidia Omniverse in August. This has not only made Nvidia one of the most essential chip stocks, but it also makes Nvidia chips ideal for supporting the metaverse and its VR-based capabilities. Nvidia is an obvious metaverse choice, as the maker of GPUs has applied its graphics capabilities to artificial intelligence, data centers, and other applications in recent years. How Nvidia stock can benefit its investors
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