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- OpenAI's popular language tool, ChatGPT, has spurred investors to bet on AI, which has led them to chip companies like Nvidia.
- Nvidia's cofounder, Jensen Huang, has seen his wealth grow by $5 billion so far this year, Bloomberg data shows.
- Nvidia has emerged as a dominant name in powering AI applications in cars and robots.
With the rise of OpenAI's language tool, ChatGPT, Wall Street traders are increasingly betting on chip-makers like Nvidia, which has climbed more than 34% this month.
As a result, CEO Jensen Huang, who cofounded the company in 1993, has seen his wealth balloon by more than a third to $18.9 billion.