With the advent of artificial intelligence (AI), NVIDIA Corporation (NASDAQ:) has surged to become the world’s most valuable company, reaching a market capitalization of around $4.5 trillion, an extraordinary increase from roughly $0.5 billion at the time of its IPO.

NVIDIA’s shares surged an astonishing 427,191.5% since its inception, fueled by its graphics processing units (GPUs) becoming the backbone of AI training and data centers. More recently, the relentless demand for its chips, especially those built on its Blackwell architecture, has driven strong quarter-over-quarter growth in sales and profits.

However, over the past two years, surging enthusiasm around AI has fueled impressive gains for Micron Technology (NASDAQ:) and…