Nvidia (NASDAQ: NVDA) remains the undisputed leader in artificial intelligence stocks, but its growth has slowed significantly. While the stock has surged 1,220% over five years, it gained just 3% in the past six months, prompting investors to seek alternatives.

Two potential millionaire-makers highlighted are Sandisk (NASDAQ: SNDK) and Pagaya Technologies (NASDAQ: PGY). Sandisk has exploded 1,410% in value over the past year, driven by data center demand. In fiscal Q2 2026, revenue jumped 61% year-over-year, with data center revenue growing 64% quarter-over-quarter. The company partners with multiple hyperscalers and sees demand outpacing supply.

Pagaya uses AI to evaluate credit applications in under one second and securitizes loans to institutional investors. The company recently completed an $800 million loan securitization with 32 investors, making it the largest U.S. personal loan asset-backed securities issuer. Pagaya partners with major financial institutions including U.S. Bank , Visa , and SoFi Technologies across personal loans, credit cards, and auto loans.