Thus far, semiconductor behemoth Nvidia ( NVDA 5.38%) has been the undisputed beneficiary of the rise of AI. But according to select Wall Street pundits, two other artificial intelligence stocks offer truly eye-popping upside -- up to 1,050%!

The central bank's decision to slash borrowing costs by 50 basis points is easing concerns about the economy. That could lift the AI trade.

William Blair initiated coverage of Nvidia with an outperform rating. Analyst Sebastien Naji thinks investors are not accurately pricing in Nvidia's total addressable market. In doing so, Nvidia has reached a nosebleed valuation and now trades at 40 times forward earnings.