On the other end of the spectrum is an outrageously expensive company that's been touting its AI ties over the last year, but ultimately derives little of its valuation from artificial intelligence. The stock to avoid like the plague in September is none other than MicroStrategy ( MSTR 2.07%).

You can tell that the artificial intelligence hype is dying down and investors have begun taking a more realistic approach to this cycle’s "next big thing" because

Huge drops in the share price of artificial intelligence powerhouse Nvidia have led to speculation about the prospects for the sector. Nevertheless, analysts see AI firms as healthy given incoming revenues.

Nvidia has captured the vast majority of artificial intelligence (AI) investment dollars. This has shown up in its pricey valuation, and I think it's time for investors to look elsewhere for AI investments.