Microsoft and Oracle are top cloud computing stocks that benefit from the proliferation of AI services in the cloud. Microsoft is growing faster than Oracle right now. At the same time, Oracle's solid revenue pipeline is why its pace of growth is expected to top Microsoft's in the future.

As more of its clients seek to leverage AI, Microsoft stock should find itself in a virtuous cycle. Not only will its free cash flow probably rise, but it will also help fund the share buybacks and, by extension, the price growth that will continue to draw more investors to Microsoft stock.

Undoubtedly, one of the reasons why is the artificial intelligence (AI) boom. Let's examine two AI stocks that have already made a few fortunes and have the potential to make many more in the years to come.

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