While one company is witnessing outstanding growth thanks to AI, the other one is trying to take advantage of this technology to prop up its fortunes.

So, Nvidia surely has more gas in the tank to power share gains. But despite all this, another AI stock is gaining on Nvidia this year when it comes to performance. If this continues, this stock could be the biggest winner of 2024. Let's find out more about this high-growth AI stock that may outperform market star Nvidia this year.

One use case that often goes overlooked is how AI is used in the defense sector. Over the last year, some AI defense tech stocks that have witnessed some notable price action include C3.ai and BigBear.ai.

This AI stock has delivered impressive gains in 2024, and it could pop higher following its upcoming quarterly report.

Data is at the core of artificial intelligence (AI) technology. AI helps people understand and analyze data like never before, and these powerful models depend on data to learn and train. Two hot data stocks stand at the forefront of AI: Palantir Technologies (NYSE: PLTR) and Snowflake (NYSE: SNOW).

At 40.2 times forward earnings, Amazon is by no means a cheap stock. This is likely the result of investors being excited about cloud computing and the effect AI will have on it. It also is a recognition that Amazon's commerce businesses could become far more profitable as it focuses on becoming more efficient.

When it comes to finding a top artificial intelligence (AI) stock to buy, investors may feel little motivation to look beyond Nvidia. Indeed, CEO Jensen Huang's decision to develop AI chips before Nvidia's competitors made it the dominant chip company in a lucrative and fast-growing niche.

Amazon (AMZN 0.04%) may not be the first stock that comes to mind when the words artificial intelligence (AI) are mentioned. However, Amazon is more exposed to this technological wave than most people realize.

Nvidia (NVDA) is among the largest companies in the world, valued at a market cap of over $3.3 trillion. In the last 10 years, the chip designer has returned an astonishing 27,496% to shareholders. In the last two years alone,

Nvidia ( NVDA -0.01%) is the leading supplier of graphics processing units (GPUs) for data centers, which are used to develop advanced artificial intelligence (AI) models. The company consistently grew its quarterly revenue by triple-digit percentages over the past year, propelling its market capitalization to $3.2 trillion.