In short, while Microsoft and Nvidia are close contenders, Amazon is the best artificial intelligence (AI) stock in the S&P 500 to buy now, if "best" is defined as the stock with the highest net percentage of buy ratings. Here's what investors should know.

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.

The artificial intelligence trend has supercharged the growth of many tech stocks over the past year, including semiconductor giants Nvidia (NASDAQ: NVDA) and Arm Holdings (NASDAQ: ARM). So far in 2024, Nvidia shares climbed 144%, and Arm stock rose 91%.

Consider when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $716,988!* Stock Advisor provides investors with an

Two of the most popular artificial intelligence (AI) investments right now are Nvidia (NASDAQ: NVDA) and Palantir (NYSE: PLTR). These companies represent opposite ends of the AI investment spectrum, with Nvidia on the hardware side and Palantir on the software side.

As a result, Broadcom and Nvidia are positioned to benefit for years as the AI industry expands from 2023's global market size of $136 billion to an estimated $827 billion by 2030. This is one reason owning shares in both is a great way to invest in the secular trend of AI.

SoundHound AI has emerged as a leader in conversational artificial intelligence dealing with speech-enabled applications for people to interact with smart devices. The technology is integrated by automakers for in-vehicle voice commands and generative AI as a core part of its business.