The article discusses the surge in NVIDIA’s stock price, driven by the company’s optimistic outlook on the demand for its chips in the artificial intelligence (AI) market. NVIDIA CEO Jensen Huang highlighted the company’s leadership in AI computing and its ability to capitalize on the growing demand for AI applications. Key points include: 1) NVIDIA’s stock jumped over 24% after the company reported better-than-expected earnings and revenue for the first quarter of 2023. 2) The company’s data center business, which includes sales of chips for AI applications, saw a 14% year-over-year increase in revenue. 3) Huang expressed confidence in NVIDIA’s ability to meet the increasing demand for AI computing power, driven by the rapid adoption of generative AI models like ChatGPT. 4) The company’s gaming business also performed well, with revenue increasing by 13% year-over-year. 5) NVIDIA’s strong financial results and optimistic outlook for the AI market have fueled investor enthusiasm and driven the stock’s rally.