Nvidia stock was rising early on Monday. Healthy demand for artificial-intelligence chips looked to be helping it shrug off wider market moves and further reports of government pressure in China for local companies not to use its hardware.

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.

A Melius Research analyst says “you still get some eye rolls when you reiterate this buy,” but the setup for Nvidia shares “is still pretty darn good.”

Foxconn is building the world's largest Nvidia GB200 chip manufacturing facility to help meet "awfully huge" demand for the AI darling's Blackwell platform, a senior executive at the Taiwanese company said on Tuesday.