These stocks are trading at attractive valuations relative to their history, especially in light of their opportunities in the artificial intelligence space.

Artificial intelligence (AI) stocks have been a driving force behind the S&P 500 's impressive performance recently. The benchmark index has climbed over 21% year to date and gained more than 34% in the past 12 months.

Detailed price information for Super Micro Computer (SMCI-Q) from The Globe and Mail including charting and trades.

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As of the end of the second quarter, Meta had nearly 3.3 billion daily active users (DAUs). That's a huge advantage for the company in many ways, but consider this: Meta is in a position to introduce its AI-powered features to roughly 40% of the world's population.

But on rare occasion, two hot trends vie for Wall Street's attention at the same time. In 2024, we've witnessed the artificial intelligence (AI) revolution and stock-split euphoria converge to lift the stock market's major indexes to record-closing highs.