Many investors are focused on artificial intelligence (AI) powerhouses like Nvidia, Microsoft, and Amazon, but AI opportunities also exist at the smaller end of the stock market.

Nvidia has emerged as one of the hottest artificial intelligence stocks on the market. The 31-year-old company’s meteoric rise is largely due to the recent AI boom, which revealed the unexpected potential of its core product,

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.

Both companies have enjoyed stunning gains in 2024 thanks to AI, but they are trading at expensive valuations.