By Jing Pan
Publication Date: 2026-06-06 12:05:00
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The artificial intelligence boom already has its poster child: Nvidia (NASDAQ:NVDA).
The chip giant’s graphics processors are now the beating heart of the AI buildout, powering everything from large language models to cloud data centers. And the numbers have been staggering.
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In its latest quarter, Nvidia reported record revenue of $81.6 billion (1), up 85% from a year earlier, while data-center revenue surged 92% to $75.2 billion.
Wall Street has rewarded that growth in spectacular fashion. Over the last five years, Nvidia shares have skyrocketed more than 1,100%, turning the company into the most valuable business on Earth, with a market cap of more than $5 trillion.
But after such a breathtaking run, some investors may be wondering whether the next stage of the AI boom could spread beyond the obvious winner.
The good news? AI is not just about chips. It also requires data centers, voice interfaces, automation tools, defense applications and the digital infrastructure needed to bring the transformative tech into the real world.
For investors willing to look beyond the mega-cap names, here are three AI stocks that recently traded below $50 a share — and Wall Street sees big upside in all of them.
Applied Digital (NASDAQ:APLD)
If Nvidia sells the high-powered engines of the AI race, Applied Digital is trying to build the…