Nvidia has become everyone's favorite artificial intelligence (AI) stock, but there are other ways to bet on AI without chasing the high-flying GPU leader.

(NASDAQ: INTC) and Micron Technology (NASDAQ: MU) are starting to show improving growth as the semiconductor industry emerges from a slump over the last few years. These top chip stocks have hit new highs this year, but their valuations still leave room for a lot more upside.

Intel has found itself in uncharted territory over the last couple of years. Advanced Micro Devices has been whittling away at its lead in the chip market, and the company has fallen behind in the data center as organizations adopt more powerful GPUs for training AI models. But Intel is fighting back. Improving financial performance at the company has sent the stock higher, but it has more room to run over the next few years.

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Source Fool.com