It's been more than a year since OpenAI launched ChatGPT, and there's still no shortage of hype around artificial intelligence (AI). Big tech companies are racing to deploy their latest foundation models and cloud infrastructure services, and others are scrambling to acquire graphics processing units (GPUs) to scale up to meet demand.

Investors have bid up nearly every stock associated with AI, making it harder to find AI stocks worth buying. However, one small-cap company that is rapidly embracing AI has traveled largely under the radar thus far. That's Perion Network (NASDAQ: PERI), an adtech company that connects ad buyers and sellers across all major digital channels. The company is best known for its intelligent hub, which facilitates both ends of the ad transaction, helping to optimize ad buys and seller inventory, and increase advertisers' return on investment.

Here's a breakdown of what Perion is doing with AI. From there we can determine how the stock could deliver big returns for you. Could it, for example, turn a $100,000 investment into $1 million over time? Here's a closer look.

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Source Fool.com