Nvidia's (NASDAQ: NVDA) outstanding surge of 237% in the past year has made it the world's fourth-largest company by market capitalization. The semiconductor giant overtook the likes of Amazon and Alphabet and now sports a market cap of nearly $2 trillion.

Nvidia benefits from the fast-growing demand for AI chips. Its revenue and earnings have grown at a stellar pace in the past few quarters as customers have been queuing up to get their hands on the company's graphics processing units (GPUs) for training large language models -- the foundation for popular generative AI applications such as ChatGPT.

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Source Fool.com