Palantir ( PLTR -0.25%) and UiPath ( PATH 0.32%) represent two different ways to invest in the growing artificial intelligence (AI) market. Palantir mines data from disparate sources to help its government and commercial clients make data-driven decisions, and UiPath's software robots help companies automate repetitive tasks.

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 (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,

Arm Holdings' growth story could be just getting started as new products and services emerge from the chip revolution.

Breakthroughs in artificial intelligence (AI) technology are transforming various industries. Innovations from mega-cap tech leaders like Nvidia have opened the door for emerging companies to capture their slice of a significant market opportunity.