Plenty of tech stocks have seen their valuations skyrocket because of the AI boom, but the biggest beneficiary has undoubtedly been Nvidia ( NVDA 1.28%). Over the past three years, its stock has increased by nearly 920%, while the S&P 500 has risen around 64% over the same period.

When investors think of artificial intelligence (AI) and the stock market, one name stands out: Nvidia (NVDA). The chip giant has been the poster child for the AI boom, with its high-performance GPUs powering everything imaginable.

There will be many winners as infrastructure is built to support the huge and increasing computing power needed for artificial intelligence (AI) applications. Nvidia continues to pave the way and has already been a huge beneficiary thanks to its leading advanced chips,