Few companies have attracted more attention this year than Nvidia. The chipmaker is on a roll thanks to the rapid rise of artificial intelligence, and its revenue, earnings, and stock price continue to grow incredibly fast. Nvidia's shares are up by 137% this year.

Nvidia’s stock historically has made dramatic moves in the year after initial Fed interest-rate cuts, and it has outperformed the S&P 500 on average when looking at all rate cuts since the IPO.

The chip maker's shares have tended to pop after the Federal Reserve cuts interest rates, judging by data stretching back to 1999.

But Nvidia isn't the only AI chip stock in the market. And CEO Jensen Huang just explained why another company may be worth owning, perhaps even more so than his own company. Image source: Getty Images.

Tom Lee, Fundstrat Global Advisors co-founder and head of research, joins CNBC's 'Power Lunch' to discuss how the Fed's rate cut decision may impact markets over the next few months, how investors should position themselves,

NVIDIA Corporation NVDA has crushed bubble fears and has seen a meteoric rise in the past few years amid the advent of artificial intelligence (AI). CEO Jensen Huang, however, believes NVIDIA’s growth story is just beginning,

Fed commentary could give a further shot in the arm to AI names that have been market leaders, but the broader semiconductor sector still faces challenges and skepticism.

CEO Jensen Huang says the scale to grow AI from here will be exponential. The post Why Nvidia stock jumped after the big Fed rate cut appeared first on The Motley Fool Australia.