Artificial intelligence (AI) is the hottest industry of 2023, and semiconductor giant Nvidia has been helping to lead the way thanks to its powerful data center chips that make it possible. As a result, investors have sent Nvidia stock surging 187% in 2023, catapulting its valuation into the $1 trillion club.

That's impressive, but one small-cap AI stock is actually performing even better. Shares of Oslo, Norway-based Opera (NASDAQ: OPRA) have soared 203% this year and currently trade at an all-time high. Opera has developed a popular web browser with powerful built-in AI tools, and not only is the company growing nicely, but it's also profitable to the point that it's returning money to shareholders. 

Despite the stock's strong gains in in 2023, Opera is still just $1.6 billion in size and attractively valued. In other words, it's not too late for investors to buy in. Here's why.

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Source Fool.com