If you're hunting for artificial intelligence (AI) stocks to buy, you're not alone.

Excitement over AI has surged since OpenAI launched ChatGPT late last year, and it's not just investors who see an opportunity in the new technology. Companies are talking up their AI initiatives more than ever before, a sign that the boom is more than just hype.

Meanwhile, shares of Nvidia (NASDAQ: NVDA), the semiconductor champ, skyrocketed after management gave much better guidance than expected for the second quarter. This indicates that demand for its AI chips is surging as businesses large and small are looking to leverage new generative AI technologies.

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Source Fool.com