3 Millionaire-Maker Artificial Intelligence (AI) Stocks to Buy Now

The market is still rewarding AI exposure, but the cash flow is likely to concentrate in infrastructure, not “AI theme” names. The cleanest beneficiaries are the GPU/supply-chain complex and hyperscalers with the balance sheet to absorb capex; that favors NVDA and, second-order, memory, networking, foundry, and data-center power/cooling vendors. The near-term risk is that investors extrapolate demand faster than supply can be monetized, which can leave the trade vulnerable to a simple guide-down on margins or shipments rather than a thesis break.

AMZN is a different setup: AI demand can improve AWS utilization and pricing, but it also raises capex and depreciation, which can pressure reported free cash flow before it shows up in operating leverage. Over 1-3 months, the catalyst is hyperscaler commentary on AI capex and backlog; over 6-18 months, the key question is whether the cloud winner with the lowest friction to deploy models captures share from Microsoft and Google. If AWS margin expansion stalls while capex keeps rising, the market is likely to re-rate the stock as a utility-like compounder rather than an AI winner.

The contrarian read is that the app layer is where enthusiasm is most fragile. SOUN looks like a classic “AI feature” company priced as if it owns a durable platform; that is vulnerable if larger distributors bundle comparable voice tools into existing enterprise relationships. Consensus is probably underestimating how quickly the market can compress valuation on small-cap software when growth decelerates even modestly; the business needs constant proof of net retention and gross margin expansion to avoid multiple compression.