Two high-flying artificial intelligence (AI) stocks that have been front of mind for investors recently are IonQ (NYSE: IONQ) and Nvidia (NASDAQ: NVDA). Semiconductor company Nvidia has soared 53% over the past year as companies have clamored for its processors amid rising AI demand.

Oracle's fiscal Q2 earnings per share (EPS) rose 24% year over year to $1.10, showing the company's AI success translated into gains for shareholders. Oracle is capitalizing on its AI prosperity by expanding its footprint of more than 150 data centers.

Nicole Kornitzer manages the Buffalo International Fund. She expects these companies to make their corporate clients more effective and efficient as they implement AI.

As the AI gold rush continues, investors are wondering if Nvidia is truly the only chip maker worth betting on. TheStreet Pro's Bob Lang reveals there's more to the semiconductor story, highlighting alternative players positioning themselves to capitalize on the AI revolution.