<ul><li>Nvidia's revenue climbed to $44.1 billion last quarter driven by token generation by AI giants like Microsoft.</li><li>Tokens, the base unit for AI outputs, are rapidly growing, leading to increased demand for chips.</li><li>Morgan Stanley analysts note that token growth exceeds data center capacity for hyperscalers, impacting Nvidia's market.</li><li>Nvidia CEO Jensen Huang sees the rise of tokens as a sign of AI tools providing value and predicts further growth in token generation.</li></ul>

Nvidia's most important number doesn't have a dollar sign in front of it: Token growth

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