Nvidia (NASDAQ: NVDA) has taken the tech world by storm over the last year and a half. While OpenAI's ChatGPT sparked the generative artificial intelligence (AI) boom, it's Nvidia that's captured most of the spoils thus far.

Shares of the graphics processing unit (GPU) superstar have jumped 500% since the start of 2023 as revenue and profits have skyrocketed. Nvidia's products comprise the backbone of AI infrastructure, and demand for them has been so strong that there have been shortages of GPUs.

On its recent earnings call, Tesla noted that it had installed 35,000 of Nvidia's H100 GPUs in supercomputers. It was the latest sign that Nvidia's hardware is shorthand for AI prowess, as the more of its components a company has, the more AI training and AI inference it can do.

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Source Fool.com