While there have been plenty of beneficiaries of these secular tailwinds, one of the most notable has been Nvidia (NASDAQ: NVDA). In a nutshell, the company's graphics processing units (GPUs), which were originally developed to craft lifelike images in video games, proved equally adept at powering AI models.

Thanks to five consecutive quarters of triple-digit revenue and profit growth, Nvidia stock has been on fire, up more than 900% (as of this writing) in less than two years. This has pushed the chipmaker's market cap above $3.

However, no company has more directly benefited from the rise of AI than semiconductor behemoth Nvidia (NASDAQ: NVDA). In less than two years, Nvidia has grown from a $360 billion business that was somewhat important within the tech sector to Wall Street's most-valuable publicly traded company ($3.