Cathie Wood, the founder and CEO of Ark Invest, believes that Nvidia’s stock could surge by over 60% as the artificial intelligence (AI) rally continues. According to Wood, Nvidia’s potential gain could be driven by the company’s dominance in the AI chip market and the increasing demand for AI applications. Nvidia’s graphics processing units (GPUs) are widely used in AI systems, and the company has been investing heavily in developing specialized chips for AI workloads. Wood’s Ark Invest has a significant stake in Nvidia, and she believes that the company’s valuation could reach $1 trillion by 2024. The AI boom has been fueled by the success of ChatGPT and other AI models, which has led to increased interest and investment in the field. Nvidia’s strong position in the AI chip market and its continued innovation in this area could make it a major beneficiary of the AI revolution.