The enormous demand for artificial intelligence (AI) technology led to many AI-centric stocks getting a boost over the past year. Semiconductor chip maker Nvidia (NASDAQ: NVDA) is a prominent example as its shares skyrocketed an astounding 222% over the past 12 months.

When California lawmakers return to Sacramento in the coming months, they should leave SB 1047 on the cutting room floor and instead pursue targeted policies that are rooted in reality.