While the long-term outlook for AI remains encouraging and this technology has real-world applications in most industries around the globe, Nvidia's chances of becoming Wall Street's first $5 trillion company are likely going to be thwarted by history.

U.S. stock indexes are feeling pressure from better-than-expected reports on the job market and business activity.

We recently published a list of Wall Street Is Focusing on These 10 AI Stocks as New Year Begins. In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against other stocks Wall Street is focusing on as the new year begins.