Chipmaker Nvidia ( NVDA 1.27%) has taken much of the spotlight in AI, as its graphics processing units (GPUs) have become the go-to for developers worldwide. Its shares are up 220% since last May, achieving the world's third-highest market cap (after Microsoft and Apple ).

Nvidia stock was trading down as the chip maker faces a high bar for its coming earnings report. The reaction to results from fellow artificial intelligence favorite Arm Holdings suggests the market is looking for a sharp increase to its financial guidance.

Despite the absence of specific revenue announcements, Nvidia’s influence reverberates throughout the industry, particularly evident in its pivotal role within the operations of tech giants such as Microsoft Corporation,

You may be surprised to find out which one of these two high-flying stocks is the better bet for investors right now.

Nvidia stock has risen above $900 in the wake of earnings reports from a series of major technology companies.