Nvidia ( NVDA 4.45%) stock has made investors significantly richer in the past three years, turning an investment of $1,000 into more than $4,500 as of this writing. This is thanks to the 354% jump in the company's shares during this period, on account of its dominant position in the lucrative market for artificial intelligence (AI) chips.

Valued at a market capitalization of nearly $3.3 billion, Nvidia (NVDA) is among the world’s largest companies. The chip stock has surged over 800% since late 2022, as it is at the epicenter of the artificial intelligence (AI) megatrend.