AI's investor potential goes far beyond the chip giant. Perhaps no stock benefited more from the boom in artificial intelligence (AI) than Nvidia. Its dominance in the AI chip market redefined the direction of the company and much of the industry at large.

One analyst made Nvidia’s stock his new top large-cap chip pick, while another likened Nvidia’s position to Apple’s in the early days of the iPhone.

On top of this, Nvidia has two major catalysts on the horizon, events that could be crucial for the direction of the stock price. Should you get in on this top stock ahead of the action? Let's find out.

With Nvidia's earnings report looming, all eyes will be focused on the upcoming launch of its Blackwell GPUs. Nvidia stock tends to experience higher volatility around its quarterly reports. Nvidia will report third quarter earnings on Nov.