Artificial intelligence (AI) has dominated the stock market since the launch of ChatGPT in late 2022. At that time, the S&P 500 was in a bear market following the post-pandemic hangover and a spike in inflation. But since then, the broad market index has jumped by more than 50%.

Analysts are projecting that Nvidia's rapid growth will continue over the next few years. Capital expenditures on data centers are expected to reach $1 trillion annually by 2028. Most AI hyperscalers are projecting record capital expenditures for 2025,

Nvidia executives have offloaded over $1 billion in shares during the company's AI-driven stock surge, with CEO Jensen Huang's potential sales potentially worth $900 million this year.