Technology company Nvidia's shares have been on a strong run this year and recently surged another 24 percent.

This takes the year to date increase in share price to almost 160 percent. 

Milford Asset Management analyst Deborah Lambie explained that unlike Apple, Microsoft and Alphabet, Nvidia doesn’t sell consumer products or services, but specialized chips for training AI

"Nvidia benefits from the increasing uptake of generative AI, and we're seeing that across three different customer cohorts."

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