Nvidia was rising early Monday, with the chip company buoyed by a wider rally in technology stocks and positive assessments from Wall Street. Nvidia shares were up 1.3% at $136.38 in morning trading.

It’s been a record-breaking year for artificial intelligence darling Nvidia’s stock, with analysts overwhelmingly bullish about the year to come.

Nvidia is one of the most popular AI stocks right now because of its lead in the semiconductor space. The company's graphics processing units (GPUs) have been used in data centers for years, and once tech giants began competing for generative AI dominance, the chips were even more in demand.

Nvidia (NASDAQ:NVDA) stock found itself in a mini-slump in recent weeks, falling into correction, even as other tech stocks experience their so-called “Nvidia moments.” Though Nvidia could be a relative laggard for a few more weeks or even months as investors digest the recent Fed meeting,

Most people on Wall Street agree that Nvidia (NVDA) is the winner of the artificial intelligence (AI) boom over the last two years. The company is well known for producing GPUs that support everything from video gaming to AI data centers.

It's the time of year for making predictions about the coming new year. I agree with the Danish proverb, "Prediction is difficult, especially when dealing with the future." However, I'll go out on a limb and make a prediction about the new year.