ASML and Alphabet are two of the few undervalued AI stocks around today. Rising demand for semiconductors should help ASML grow revenue. Alphabet is a leader in AI on both consumer and enterprise applications.

Broadcom's solid growth in the past year has brought the company's market cap to $1.3 trillion. Its healthy revenue growth, massive addressable market, and improving customer base could help it deliver more upside.

Nvidia has become one of the world's largest companies thanks to AI, but it isn't the only opportunity. C3.ai and Upstart are AI software powerhouses with rapidly growing businesses and addressable markets.