Thus far, semiconductor behemoth Nvidia ( NVDA 3.97%) 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%!

Nvidia shares racked up more gains on Thursday, rising amid the broader rally triggered by the Federal Reserve’s decision to slash interest rates by a half a percentage point.The chip designer’s stock jumped 4% to $117.

AI chipmakers Nvidia and Advanced Micro Devices led the tech stock rally Thursday, following the Federal Reserve’s sizable 50 basis point interest rate cut.

In today's video, I discuss how OpenAI o1-preview impacts Nvidia (NASDAQ: NVDA) and other semiconductor stocks. Check out the short video to learn more, consider subscribing, and click the special offer link below.

Last Tuesday Nvidia shed over $279 billion in value. It was the biggest one-day paper loss for a corporation in the history of the stock market. As a CNN report put it, “only 27 companies on the planet are worth as much as Nvidia lost in value on Tuesday.”

The average stock price target on Nvidia (NASDAQ: NVDA) stock is $153, with a high of $200 and a low of $90. Nvidia's stock currently sits at around $120, which indicates a roughly 30% upside. So, with that kind of upside potential in store for Nvidia, is it time to buy?

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

It’s Fed decision day—and it'll be difficult for the chip maker's shares to make gains until investors have more clarity about the central bank's next move.