Nvidia's market cap briefly exceeded Amazon's, hitting a record high of $734.96 per share and reaching a valuation of $1.82 trillion.

The company's surge is linked to its commanding role in artificial intelligence hardware and increasing faith in its long-term prospects.

Nvidia is expanding its reputation with AI enterprise software and networking solutions, in addition to its traditional GPU business.

JPMorgan analyst Harlan Sur predicts that Broadcom could emerge as the second-largest AI chip supplier in 2023, with expected AI revenues between $8-9 billion.

Broadcom's potential growth in AI chip supply is drawing investor attention, positioning it as an appealing investment in the AI sector.

The market is anticipating Nvidia's financial report on February 21st to compare against Amazon's robust holiday earnings.

Nvidia's prominence in providing AI technology to tech companies, especially in generative AI, is a significant factor in its stock's top performance among major tech companies.

Microsoft recently surpassed Apple, claiming the title of the world's most valuable company, followed by Alphabet in third place.