Artificial intelligence (AI) has captured the imagination of businesses and investors alike over the past year. This spring, the hype over ChatGPT's capabilities displayed last November began translating into blockbuster revenue and profits for AI leaders such as Nvidia and others.  

The stocks of industry leaders have run very far already. So which one of them is the best AI stock to buy in September?

Booming AI spending has crowded out spending on other types of tech, such as general-purpose servers. Meanwhile, consumer electronics sales of PCs and smartphones have struggled amid high interest rates and the post-pandemic hangover.

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Source Fool.com