Nvidia has delivered such massive gains in recent years that it's easy to overlook how the stock has performed over the short term. Most investors would be happy with a 20% gain in a year. Nvidia's share price has soared over 20% in the last five weeks.

The selloff follows an earnings report by chip manufacturing equipment supplier ASML which indicated weaker-than-expected sales guidance for 2025, raising concerns

Two high-octane growth stocks have the necessary catalysts to leave Wall Street's artificial intelligence (AI) darling Nvidia in the dust.

Nvidia has a median 12-month price target of $150 per share. That implies 15% upside from its current share price of $131. Arm has a median 12-month price target of $144 per share. That implies 5% downside from its current share price of $151.