In light of ChatGPT's growing popularity, investors have increasingly focused on artificial intelligence (AI), the technology that drives it. AI automates numerous tasks that humans could never do or, at least, not accomplish as rapidly. Investors hold the potential to drive outsized gains as AI changes numerous industries.

Nonetheless, ChatGPT is not the only AI-driven application. Companies such as Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG), Advanced Micro Devices (NASDAQ: AMD), and Palantir (NYSE: PLTR) not only drive change in the industry, but also trade at attractive levels that position investors for significant gains.

At first glance, Google-parent Alphabet may look more like an AI stock to avoid. For the first time in years, its search engine faces a credible threat to its dominance, thanks to Microsoft's relationship with OpenAI. Furthermore, with the slump in digital advertising, the company's once-rapid revenue growth slowed to a crawl.

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Source Fool.com