Everyone would love to find the next Nvidia ( NVDA 18.34%), the type of stock that generates life-changing returns. The problem is, that's far from easy, and aiming for gains that are in the thousands of percentage points can often mean trying to get in early. Doing so involves taking on considerable risk.

Nvidia (NASDAQ: NVDA) has been one of the biggest winners of the generative artificial intelligence (AI) boom. Nvidia stock has since fallen 35% due to escalating trade tensions and concerns about the sustainability of AI infrastructure spending.

Advanced Micro Devices Inc.’s stock recorded its best day in nearly nine years, ending the session up 23.8%. Nvidia Corp.’s stock with its 18.7% rise, saw its best day in abou