Plenty of AI stocks trade down from their recent peaks, and the Nasdaq Composite, the tech-heavy index, hit an intraday peak on July 11. The index is down 5.5% from that peak after a recent recovery. Similarly, the VanEck Semiconductor ETF, which is led by the chip stocks that are key in the AI rally, is down 18% from its peak on the same day.

Thus far, semiconductor behemoth Nvidia ( NVDA 5.38%) has been the undisputed beneficiary of the rise of AI. But according to select Wall Street pundits, two other artificial intelligence stocks offer truly eye-popping upside -- up to 1,050%!

These three small-cap AI stocks have a shot at generating millionaire-making gains over the next decade: SoundHound AI (NASDAQ: SOUN), Serve Robotics (NASDAQ: SERV), and Evolv Technologies (NASDAQ: EVLV). Image source: Getty Images.

A William Blair analyst cheers Nvidia’s moat and margins — while also weighing in positively on Broadcom and Arm shares.

Nvidia Stock Has 41% Upside, According to 1 Wall Street Analyst Nvidia's CEO Has Sold Shares Virtually Every Trading Session Since Mid-June. Should Investors Follow Suit and Sell? CEO Jensen Huang Keeps Dumping Nvidia Stock.

Key Takeaways Nvidia shares have exploded this year, but William Blair analysts say there's still an upside opportunity.The firm believes Nvidia has a one- to two-year lead on its competitors in artificial intelligence.

NVIDIA Corp. (NASDAQ: NVDA) continues to be one of the most hotly debated technology stocks. Your decision to buy or sell NVDA stock may follow the principles you would use to make any decision. In this article,

These companies are getting a nice boost thanks to AI, a trend that's likely to continue thanks to their huge addressable markets.