Artificial intelligence (AI) was the dominant stock market theme in 2023. Nvidia experienced a surge in demand for its data center chips designed to process AI workloads, and its stock soared 239% for the year. It was the best performer in the entire S 500 index, and it has continued to march higher in 2024.

Shares of other popular AI companies also delivered market-beating returns, including Microsoft, Amazon, and .

But AI is no different from any other tech revolution throughout history, in that not every company will succeed. There will be winners and losers, and the industry is already experiencing volatility. C3.ai was the world's first stand-alone enterprise AI company when it was founded in 2009, and while its stock surged 157% in 2023, it's still trading 85% below its all-time high.

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Source Fool.com