Although the market has recovered from its April lows over the past few months, a handful of dominant artificial intelligence (AI) stocks are still well off their all-time highs. The future is still bright for many of these companies, and I think now is an excellent time to scoop up some of these stocks while they're still down.

Artificial intelligence (AI) stocks scored major gains over the past two years as investors bet on the power of the technology to revolutionize the world -- from our daily lives to how companies operate.

Share prices of Broadcom and Lam Research registered impressive gains in the past month. The lucrative end markets the companies serve should allow them to sustain their healthy growth rates. Artificial intelligence (AI) is set to play a key role in driving global economic growth in the long run.