Demand continues to soar for Nvidia's artificial intelligence chips, but this might only be the beginning.
Nvidia ( NVDA -1.77% ) stock has soared by an eye-popping 1,100% since the start of 2023, which is when the artificial intelligence (AI) boom started gathering momentum. With a market capitalization of $4.2 trillion, it's now the world's largest company, and there might still be plenty of growth in the tank.
Nvidia recently released its operating results for its fiscal 2026 second quarter (which ended on July 27), and its data center business continued to grow rapidly thanks to surging sales of its industry-leading AI chips. However, according to comments by CEO Jensen Huang, the company is still in the early innings of a multi-year demand wave that could be worth trillions