In its last quarter, Nvidia's revenue popped by 69%, with double-digit gains expected in the quarters to come. If you expect the use of AI to increase in the near future along with more demand for data centers and the chips on which they run, take a closer look at Nvidia.

The chip company is waiting to sell its H20 chips in China again, which a Mizuho analyst said will help the case for its earnings per share to reach $7 next fiscal year.

Nvidia stock is set to be driven by investment in artificial-intelligence infrastructure from Microsoft and Meta but it also needs to fend off rivals.