Nvidia (NASDAQ: NVDA) consistently crushed the market over the past few years. Its outperformance becomes even more impressive when viewed over even longer time periods. However, 2025 will be a new year filled with both challenges and tailwinds.

Artificial intelligence (AI) has turned out to be one of the key reasons behind the healthy growth of the semiconductor industry. The proliferation of this technology has driven an increase in demand for multiple types of chips ranging from application-specific integrated circuits (ASICs) to processors to memory.

AI could become a multitrillion-dollar industry. There are still high-quality stocks with compelling risk-reward upside potential. Here are three of them.

Nvidia has been in magnificent form on the stock market in the past year, recording stunning gains of almost 207% as of this writing. This is thanks to the consistently strong growth in the company's top and bottom lines on account of the booming demand for its artificial intelligence (AI) chips.