Rising interest rates dragged down many growth stocks over the past two years. However, many tech stocks in the artificial intelligence (AI) market bucked that slowdown as the generative AI market expanded.

The bears might argue those AI stocks are stuck in a bubble, but the bulls believe the top names still have plenty of room to run as the market expands. With interest rates expected to decline over the next year, many of those high-flying names could attract even more investors and set new record highs.

Let's review the three top AI stocks that could head even higher if the Federal Reserve cuts the prime lending rate: Nvidia (NASDAQ: NVDA), Broadcom (NASDAQ: AVGO), and Arm Holdings (NASDAQ: ARM).

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Source Fool.com