With AI beginning to transform just about everything, the potential $1.8 trillion AI boom could mint a few millionaires. Even analysts at Bank of America are excited, noting that AI stocks are on the brink of an "iPhone moment" and could boost the global economy by $15.7 trillion in seven years. "We are at a defining moment – like the internet in the '90s – where Artificial Intelligence (AI) is moving towards mass adoption, with large language models like ChatGPT finally enabling us to fully capitalize on the data revolution," the firm told Business Insider. "It took ChatGPT just 5 days to reach 1 million users, 1 billion cumulative visits in 3 months, and an adoption rate which is 3x Tik Tok and 10x Instagram's," they added. "The technology is developing exponentially."

Editor's note: "Artificial Intelligence Just Had Its Very Own'iPhone Moment'" was previously published in January 2023. It has since been updated to include the most relevant information available. Three months ago, the world changed forever. And if you're able to embrace it, you could put yourself in a position to make fortunes over the next decade as the biggest technological revolution since the internet sweeps across America. Specifically, on Nov. 30, 2022, small tech startup OpenAI launched a brand-new conversational chatbot – ChatGPT.

One of the key reasons Amazon (NASDAQ:AMZN) stock is one of the most valuable on Wall Street -- with a market cap of $884 billion -- is that the company is willing to take bold initiatives. True, sometimes things fall short, as seen with the move into the smartphone business. But for the most part, CEO Jeff Bezos has been able to make the right strategic decisions and deploy resources in a disciplined way. Perhaps the best example of this is AWS (Amazon Web Services). Without this, AMZN stock would likely have a much lower valuation today. The irony is that the company was not the ideal player to be the winner in the cloud.

Riding the next big thing to catch Wall Street's fancy can be tough. But artificial intelligence is one area of undeniable potential. And in Microsoft (NASDAQ:MSFT), United Parcel Service (NYSE:UPS) and Palo Alto Networks (NYSE:PANW) investors are being offered a more intelligent approach to cash in on the artificial intelligence stocks trend. Will cryptocurrencies led by Bitcoin ever really be a thing? And what is the potential for an industry like cannabis?

Perhaps the hottest buzz word in the stock market right now is "AI", or artificial intelligence. There is no hiding it. The benefits today are limited in scope. But, in the future, AI will have far-reaching implications that will amount to billions of dollars in profit. As such, the companies that win the AI battle stand to gain a lot over the next several years.

A couple of weeks ago, I pointed out three compelling Artificial Intelligence (AI) stocks you may not have even known about. There are certainly more than three such artificial intelligence prospects though. So, today I'd like to introduce you to three more possibilities we just didn't have the time or room to explore with the first go-around. Like last time, the goal isn't to state the obvious. Most investors fully understand that Nvidia Corporation (NASDAQ:NVDA) makes the hardware that powers most AI applications while International Business Machines Corporation (NYSE:IBM) is arguably doing the most to put artificial intelligence to practical use.