Nvidia (NASDAQ: NVDA) is often seen as the poster child of the artificial intelligence (AI) investment movement, and for good reason: It's been a stellar performer in 2023. However, it has a lot of expectations built into the stock and is quite expensive compared to other promising investments.

So, instead of Nvidia, take a look at these other three stocks as potential portfolio-changing AI investments.

Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) is Google's parent company and has several investments within the AI space. However, it will see the most benefit in its Google Cloud division. Cloud computing is a great way for companies to develop AI models, as they can rent the computing resources rather than purchase them themselves. With Google Cloud specialized for many AI models (70% of generative AI companies valued over $1 billion use Google Cloud), it's a logical choice compared to others.

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Source Fool.com