There's no question about it. Nvidia (NASDAQ: NVDA) has been the most closely watched stock of the AI boom.

It's easy to see why. Nvidia has added more than $2 trillion in market value since the start of 2023, entering an exclusive echelon of the world's most valuable companies shared only with Apple and .

However, in addition to the company's own success in leading the AI chip revolution, it also carries a small investment portfolio, and a company as influential as Nvidia has the potential to move the needle with its stock purchases. Its biggest holding is Arm Holdings, the CPU architecture specialist that Nvidia works closely with. When it purchased shares of Soundhound AI in the first quarter, shares of that stock surged on the news.

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Source Fool.com