The stock I predict will beat Nvidia by year end is Amazon ( AMZN -3.65%). Its booming e-commerce business sells essentials, general merchandise, and even various devices, books, and movies. It has become a household name, especially thanks to its Prime subscription service, with more than 200 million members.

While Nvidia is considered the top player in the AI chip market, it utilizes TSMC's foundries for its chip manufacturing. Nvidia was TSMC's second-largest customer last year, accounting for 11% of the Taiwan-based foundry giant's revenue. This may lead investors to believe that TSMC's fortunes are dependent on Nvidia's.

The release of OpenAI‘s ChatGPT chatbot in November 2022 unleashed a frenzy of investor interest in artificial intelligence that propelled Nvidia (NASDAQ:NVDA) to the forefront of the industry. The chipmakers graphics processing units (GPU) designed primarily to handle the complex demands of computer gaming graphics almost seemed purpose-built for the advanced and challenging computing tasks

Nvidia is also wildly profitable, posting a 75% gross margin and 62% operating margin in the latest fiscal quarter. It's not a surprise that the market has become incredibly bullish and optimistic about Nvidia's prospects. This is now a $2.7 trillion enterprise.

Palantir may face tough competition in the software space from this AI titan that made its name selling AI hardware.

C3.ai's revenue just accelerated for the sixth consecutive quarter, thanks to a shift in the company's strategy combined with surging demand for artificial intelligence.

And today, with prices of AI stocks still reaching well into the hundreds of dollars, the stock split wave isn't over. In fact, one stock in particular looks like an excellent candidate thanks to its solid growth in recent years,