There's no shortage of hype over artificial intelligence (AI) this year.

The launch of OpenAI's ChatGPT in late 2022 made it clear to tech CEOs and individual investors alike how powerful and potentially transformative the new generative AI technology is. 

Nearly every tech company seems to be talking up the potential of AI, and AI stocks have consequently skyrocketed this year. In some ways, the impact of the new wave of demand for AI is already being felt. Nvidia's revenue nearly doubled in its most recent quarter on soaring demand for AI chips, and the company posted another round of blowout guidance for its fiscal third quarter. , meanwhile, is seeing strong growth in its cloud infrastructure division after spending billions on chips to power its superclusters.

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Source Fool.com