Nvidia's (NVDA) share price has soared year over year, up 132% as of Thursday, but CEO Jensen Huang isn't worried about the share price being overheated. But he sees it as a response to people who are excited about the chip giant's work in artificial intelligence.

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Artificial intelligence is undoubtedly the most powerful technology the world has ever known,” Huang told Yahoo Finance Live. improve efficiency and always improving our growth opportunities And artificial intelligence is the best comprehensible way for the future.

And I think people are excited about it.Earlier this week, Huang kicked off Nvidia's GTC 2021 conference with a virtual keynote discussing the company's efforts in AI, metaverse, robotics and self-driving cars.The world's most valuable chipmaker with a market cap of $749 billion,

Nvidia has gone from working as a graphics card maker for gamers solely to an AI powerhouse with the processing power of the chip.The gaming arm still brings in most of the revenue, about 47%, to the data center business, 36%, but that gap is shrinking more and more.

each quarter And while the company is not determined to continue to be the world's leading card manufacturer. Investors acknowledge that Nvidia's AI and data center businesses are an important and growing part of the company's overall strategy.