With its shares up by 234% year to date, Nvidia highlights the potential of investing in artificial intelligence (AI). But after such a big bull run, investors might be looking for more under-the-radar ways to bet on this transformative opportunity.

Advanced Micro Devices (NASDAQ: AMD) and Adobe (NASDAQ: ADBE) are in comparatively early stages of monetizing their AI potential. Let's discuss why they could make great alternatives to the industry leader.

While chipmaker AMD hasn't received as much AI-related hype as its rival Nvidia, a 91% year-to-date rally in its stock suggests the market is beginning to take notice. AMD aims to bring much-needed competition to AI chips, and management expects this vertical to be key to its long-term growth strategy.

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Source Fool.com