Artificial intelligence (AI) stocks have soared over the last couple of years as optimism about the technology and its capabilities continues to grow. As most investors know, one of the more notable success stories is Nvidia,

Nvidia (NASDAQ: NVDA) is a leading supplier of networking hardware and chips for gaming, computing, robotics, and especially data centers, which is where most artificial intelligence (AI) development takes place.

Chipmaker and AI darling Nvidia is back nipping at Apple's heels as the most valuable company in the world, with the stock hitting an all-time high Monday.

Shares of chipmaker Nvidia (NASDAQ: NVDA) have soared more than 2,400% in just the past five years. The stock has proven to be a growth machine due to advancements in artificial intelligence (AI) and the importance the company's chips play in next-gen technologies.

The tech giant announced several new products at the CES trade show in Las Vegas on Monday, including its first desktop computer. Shares of Nvidia Corp (Nasdaq: NVDA) are nearing all-time highs in premarket trading this morning after the company announced a slew of new AI products at the CES trade show in Las Vegas yesterday.

Nvidia CEO Jensen Huang unveiled new gaming graphics cards at the CES tech trade show in Las Vegas but didn’t offer details on its next-generation AI chips.

Artificial intelligence stocks drove market gains last year -- but the movement may not be over. Companies developing AI and using AI both could win in the new year. Excitement over the hot technology of artificial intelligence (AI) helped the stock market soar last year -- and the movement may be far from over.