Nvidia (NASDAQ: NVDA) has remained one of the most popular stocks in the market even after its unprecedented run-up since 2023. The demand for Nvidia's best-in-class graphics processing units (GPUs) hasn't let up because AI computing capacity hasn't come close to being fulfilled.

Nvidia has rebuilt the optimism around its stock, which was dented earlier this year when a breakthrough by China’s DeepSeek led to concerns about the durability of Nvidia’s dominant position in the global AI infrastructure market. That event wiped nearly $600bn from the company’s market value.

Nvidia's stock hit a record high on Wednesday, and the chipmaker reclaimed the crown as the world's most valuable company after an analyst said the chipmaker was set to ride a "Golden Wave" of artificial intelligence.