2023 could be dubbed the year of artificial intelligence (AI). Since the introduction of ChatGPT late last year, the world has been intrigued by recent developments in generative AI, which can create original content like music and poetry, summarize existing content, and even engage in human-like conversation.

Companies, realizing the potential implications, have been scrambling to adopt AI and integrate it into their own business systems. One of the biggest beneficiaries of this AI gold rush is Nvidia (NASDAQ: NVDA). While the semiconductor specialist is best known for the graphics processing units (GPUs) used to render lifelike images in video games, its chips are also the gold standard for AI.

The recent boom has sent Nvidia through the roof, with shares up 175% so far this year. The soaring stock price has value investors running for cover. Surprisingly, though, the stock is actually cheaper than before its monster rally. Here's why.

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Source Fool.com