Generative artificial intelligence (AI) is the hottest investment megatrend in recent memory, and few companies have benefited more than Nvidia, which supplies the hardware needed to train and run these applications.

But there are other ways to bet on the opportunity. Let's look at two of them and explore why Super Micro Computer (NASDAQ: SMCI) and Meta Platforms (NASDAQ: META) could also have places in your investment portfolio.

While less well known than Nvidia, Super Micro Computer has been one of the biggest beneficiaries of the AI opportunity. Shares have already risen 133% in 2024, capping off a gain of almost 700% over the last 12 months. And the company's stellar earnings suggest it isn't too late for investors to bet on its continued success.

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Source Fool.com