Nvidia's market value has soared to over $2.28 trillion in just 67 days of 2024, marking an 85% increase this year.

The demand for Nvidia's graphics processing units and artificial intelligence technology is driving the stock surge.

SoundHound AI stock jumped 16.9% due to its investment in Nvidia and the growing demand for its technologies.

SoundHound has a doubling order backlog now worth $661 million, indicating a surge in demand for its products.

While SoundHound presents a high-risk, high-reward opportunity, its long-term success depends on its sales and earnings outcomes.

Tesla and Apple have faced declines in their market value due to electric vehicle demand challenges and reduced iPhone sales in China, contrasting Nvidia's robust growth.