Both of those AI bellwether stocks are still reliable long-term investments, but investors shouldn't gloss over the less obvious AI plays that might soar higher over the next few years. Let's take a closer look at three of those companies: Oracle (NYSE: ORCL), Broadcom (NASDAQ: AVGO), and Arm Holdings (NASDAQ: ARM).

This chip stock is not only cheaper than Nvidia, but it is set to grow at a faster pace than the AI pioneer as well.

In the AI server space, Dell Technologies and Super Micro have also benefited from the data center boom, up 71% and 82%, respectively, in the past 12 months.

Chipsets known as graphics processing units (GPUs) are an integral component in the development of artificial intelligence (AI) applications. At the moment, Nvidia (NASDAQ: NVDA) holds an estimated 88% of the AI GPU market thanks to its industry-leading A100 and H100 GPUs.

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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.