Nvidia's fourth quarter sales soared to $22.1 billion in fiscal 2024, a 265% increase from the previous year.

The significant rise in sales led to a record single-day market cap gain of $277 billion, as the stock price jumped by 16.4%.

Revenue from advanced AI chips in the data center segment was a major contributor to the growth, with sales anticipated to hit $24 billion in the current quarter.

Nvidia's gross profit margin reached nearly 73% in fiscal 2024 and is expected to continue its upward trend.

Despite monopoly concerns, Nvidia's rapid growth and expansion potential in various segments like automotive make it a favorable investment.

The Motley Fool Stock Advisor analyst team did not include Nvidia in its list of top 10 stock investments for the future.

Investing in companies associated with Nvidia, such as Amazon and Super Micro Computer, may offer indirect benefits from Nvidia's growth plus exposure to other leading businesses.