There's a debate heating up on Wall Street right now. One camp insists that the S&P 500 is already poised for the next bull market, just 5% from a fresh all-time high, while others insist that the recovery will hit a speedbump and could be derailed by a potential recession.

Whatever the case may be, it's clear that the emergence of artificial intelligence (AI) this year has been nothing short of astonishing. Business leaders and consumers alike have been mesmerized by these next-generation algorithms and the promise of substantial productivity gains. As a result, companies are poring over their systems, in search of ways to automate ongoing processes with generative AI.

Wall Street, which rarely agrees on anything, has come to a clear consensus about the company best positioned to profit from the rapid adoption of AI: Nvidia (NASDAQ: NVDA). And despite the stock's 200% gains so far this year, the evidence suggests the company's best days are still ahead.

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Source Fool.com