The article discusses the surge in chip stocks, particularly Nvidia, driven by the growing demand for artificial intelligence (AI) applications. According to Bank of America (BofA), the AI boom is fueling a rally in semiconductor and automotive stocks. Nvidia’s stock has skyrocketed, benefiting from its dominance in AI chips. BofA analysts predict Nvidia’s revenue could reach $38 billion by 2024, driven by AI demand across various industries like cloud computing, gaming, and autonomous vehicles. The analysts highlight the potential for AI to disrupt traditional industries and create new revenue streams for chip makers. They recommend investing in companies well-positioned to capitalize on the AI trend, such as Nvidia, AMD, and automotive chip suppliers like Infineon and NXP Semiconductors.