Nvidia is succeeding for more reasons than just a chip advantage.

Artificial intelligence (AI) technology arrived in the spotlight last year, lifting the stock market to new heights. It's fair to debate the short-term impact of AI and whether the market is expecting too much right now,

Generative AI is taking the world by storm. This groundbreaking technology is capable of creating new content, such as text, images, and even music, based on the patterns it learns from existing data.

These companies are getting a nice boost thanks to AI, a trend that's likely to continue thanks to their huge addressable markets.

Its stock is trading down 64% from the all-time high it set during the tech frenzy in 2021, with a relatively expensive valuation combined with slowing revenue growth contributing to the decline. However,