We recently compiled a list of the 10 Hottest Large-Cap Stocks Right Now. In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against the other large-cap stocks.

Stocks are running in premarket trading on Monday. Here's a look at major indexes as of 8:50 a.m. ET: Nasdaq Futures: Up 205.25 (+.95%) S&P 500 Futures: Up 45.25 (+.76%) Dow Jones Futures: Up 184 (+.43%) The big story in premarket trading is that NVIDIA (Nasdaq: NVDA) and chip stocks are up big.

Nvidia (NASDAQ:NVDA) was a standout performer last year, but with shares running out of steam in recent months, the AI chip giant seems to be slowing pace as mega-cap tech races to the $4 trillion market cap milestone.

Nvidia reached a new record high amid further signs of strong demand for artificial-intelligence chips as CEO Jensen Huang is set to deliver a keynote speech at the CES tech show in Las Vegas on Monday.

Nvidia stock has outperformed the S&P 500 over the past two years. The chip designer has generated triple-digit earnings growth thanks to demand from artificial intelligence customers. Nvidia already has offered us proof of its ability to win as companies invest in AI.