Considering how well artificial intelligence (AI) stocks have done over the past two years, it's hard to imagine some of them going even higher. However, this industry still has significant tailwinds as we have barely scratched the surface of what is possible with AI.

Wall Street's top billionaires money managers have picked out their favorite AI stocks for the new year -- and Nvidia didn't make the cut.

After AI had its "iPhone moment" with the release of ChatGPT in late 2022, leading stocks in the space have seen phenomenal returns. For example, NVIDIA (Nasdaq: NVDA) gained 239% in 2023 and 171% in 2024.

Having said that, if I were to choose just one stock to invest in AI, it would have to be Amazon ( AMZN -0.32%). It offers an excellent combination of growth potential and safety, and there's a solid case to be made that it is the most attractively valued of the megacap tech stocks right now.

With agentic AI, meanwhile, automated AI agents will go out and complete assigned tasks autonomously without constant human supervision. Let's look at two stocks looking to benefit from agentic AI. UiPath (NYSE: PATH) started out as a robotic automation company that helped customers build out tools whereby software robot agents could complete mundane tasks,