has come about as excitement around OpenAI's ChatGPT has triggered hype around artificial intelligence stocks. After starting initially with graphics chips used in video games, Nvidia is now involved in making chips for AI applications ranging from autonomous vehicles to robots.
It also launched a cloud-based AI supercomputer that users can access from a browser on their desktop. More recently, Nvidia founder and CEO Jensen Huang announced partnerships with a number of companies — including Google, Microsoft and Oracle — that are creating AI applications for various industries.
The top semiconductor maker also has breezed through the banking turmoil that's still rippling across the financial world, sparked by the collapse of Silicon Valley Bank earlier this month. Since March 10, the day SVB imploded, Nvidia's market cap has jumped about $95 billion. Market sentiment toward Nvidia remains upbeat.