Ambarella (NASDAQ: AMBA) may not be a household name in the artificial intelligence (AI) semiconductor market, where Nvidia has established a dominant position for itself thanks to its powerful data center graphics cards.

Growing NEV Adoption: The market for new market vehicles (NEVs) is on the rise in China. NIO expects vehicle deliveries in 2025 to double the output from 2023 (roughly 165,000 units). This still only makes up about 2% of the Chinese NEV market and gives NIO plenty of roadway to grab market share for years to come.

Nvidia has been rebounding in February after experiencing significant volatility amid concerns over a potential slowdown in AI spending.

Nvidia leads in the chip realm, but there may be a better stock looming in the background.

Shares of Amazon (NASDAQ: AMZN) gained 0.52% on Wednesday, which was not enough to dig them out of a -1.58% loss over the past five trading sessions. The stock is up 2.91% year-to-date and has gained 27.

Triple-digit gains from these AI stocks should be more than enough to outperform Nvidia (NASDAQ: NVDA ). NVDA stock has “only” delivered 7% in gains over the past six months, and it no longer has the potential to print generational wealth.

The past few years have marked a paradigm shift in technology thanks to recent advances in artificial intelligence (AI). A quick look at the list of the world's most valuable companies by market cap helps to illustrate the shift.