The United States stock market has boomed this year, and one big reason is a company without much name recognition, unless you're a hardcore video gamer.Nvidia (NVDA) has surged 222 per cent this year, including a 3 per cent bump on Thursday following super impressive earnings. Although it's been known for graphics processors, Nvidia has now become almost synonymous with Artificial Intelligence (AI), after successfully diving head-first into the production of the type of microchip that powers the promising technology.Demand has outpaced supply, making Nvidia the hottest of hot US stocks: It's leading the S&P 500 this year by a long way, and is now one of only a handful of companies with a market capitalisation of more than US$1 trillion ($1.5 trillion).
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