Artificial intelligence (AI) swept investors into a frenzy in 2023. It all started with 's $10 billion bet in January on generative AI start-up OpenAI, which develops the famous ChatGPT online chatbot. Then in September Amazon invested $4 billion in OpenAI rival Anthropic.

But those trillion-dollar tech giants weren't the only ones scooping up AI assets. Everyday investors identified several small-cap AI stocks with explosive potential throughout the year, including C3.ai (NYSE: AI) and Upstart Holdings (NASDAQ: UPST). Those stocks recorded gains of 159% and 217%, respectively in 2023, and 2024 could bring more upside.

Here's why it isn't too late to buy into those opportunities in the new year.

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Source Fool.com