Why is Nvidia so valuable?

Why is Nvidia so highly valued? Could it be due to its dominance in the graphics processing unit market, which has enabled it to capitalize on the booming demand for gaming and high-performance computing? Or is it the company's foray into artificial intelligence and self-driving cars that investors are betting on? Could it also be the company's innovative technologies and its ability to stay ahead of the competition? Perhaps it's a combination of all these factors that make Nvidia such a sought-after stock. But what exactly is it that sets Nvidia apart from its peers and justifies its lofty valuation?