Investors have found another major way to play the artificial-intelligence trend besides semiconductor stocks, and that’s led to a changing of the guard atop this year’s list of the best S&P 500 performers.

Nvidia stock has soared more than 700% in less than two years, and there are a lot of factors that will continue influencing its share price.

Looking for the best AI stock to buy right now? Never mind Nvidia; This tech titan could be a much better bet at the moment.

Semiconductor and homebuilder stocks are forming a bubble.

Nvidia ( NVDA -1.59%) has been one of the best-performing stocks over the past five years, creating a lot of millionaires in the process. However, with those strong returns in its rear-view mirror, investors today might be better served to look instead for the next set of potential huge winners.