Plenty of tech stocks have seen their valuations skyrocket because of the AI boom, but the biggest beneficiary has undoubtedly been Nvidia ( NVDA 1.28%). Over the past three years, its stock has increased by nearly 920%, while the S&P 500 has risen around 64% over the same period.

It looks like artificial intelligence (AI) is here to stay. Unlike many catch phrases and buzzwords that have come and gone in the markets over the past few years, AI is driving real-world progress and generating billions of dollars in sales for top companies.

Less than three months after the stock market plunged on President Donald Trump's "Liberation Day" tariffs announcement, major indexes are back near all-time highs. Investors have shrugged off concerns around tariffs and a potential economic slowdown as businesses adjusted to the new trade regime and as economic data so far around unemployment and inflation has been stable,