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.

Nvidia Corp. (NASDAQ:NVDA) insiders have been actively selling shares, tallying transactions over $1.8 billion, with expectations of more to come, Bloomberg reports. The most notable of these insiders,

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.”

Management says the Blackwell architecture for its latest GPUs is much more energy efficient. Why demand for Nvidia's GPUs is likely to remain robust for the foreseeable future. Nvidia ( NVDA 1.69%) has been one of the best performing stocks the past few years,