Investors are excited about the explosive potential of artificial intelligence (AI). It seems every day groundbreaking AI tools are created that captivate users and generate untold riches for the innovators behind them.

Yet it's the businesses that supply the technology upon which AI is built that could profit most of all. Advanced Micro Devices (NASDAQ: AMD) is one of these "picks and shovels" providers. The chipmaker intends to supply the vital processors that power the massive cloud computers that make AI possible.

For this and other reasons, AMD's stock is an attractive buy today. Let's dig in to better understand why.

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Source Fool.com