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Nvidia and other chipmakers reap ChatGPT rewards

Investors see a winning strategy in supplying the tools for the AI battle

 ChatGPT has ignited a flurry of artificial intelligence-related excitement, and Nvidia has been among the companies to benefit. (Source photos by Reuters)

PALO ALTO, U.S. -- Tech companies from Microsoft to Baidu are rushing to cash in on the artificial intelligence craze unleashed by ChatGPT, but some of the clearest winners -- at least so far -- are Nvidia and other chipmakers in the U.S. and beyond who are benefiting from booming demand for semiconductors.

Nvidia's shares jumped nearly 12% in the week following the release of the latest version of ChatGPT and are up nearly 85% since the start of the year.

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