When OpenAI released the ChatGPT chatbot about a year ago, that act unleashed a new zeitgeist in an unsuspecting world. Artificial intelligence (AI) is still the talk of the town, of Wall Street, and of Silicon Valley, and that's especially true for the generative AI technology that powers systems like ChatGPT.

Investors soon figured out that Nvidia (NASDAQ: NVDA) provided the AI acceleration hardware that made it all possible, with spectacular results. Nvidia's stock price has more than tripled in 2023, lifted by actual sales of AI-specific processors and the expectation of continued dominance in this red-hot market segment.

But Nvidia shouldn't rest on its laurels. It isn't the only chip designer in the market, and certainly not the only one with an interest in that lucrative AI opportunity.

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Source Fool.com