The market for artificial-intelligence (AI) accelerators is dominated by Nvidia (NASDAQ: NVDA). The company reportedly sold half a million AI GPUs in the third quarter, with more than half of that total going to Microsoft and Meta Platforms. Nvidia's H100 GPUs are a hot commodity, with AI companies scrambling to secure enough accelerators to tap into soaring demand for AI services.
The linchpins of your portfolio's growth will most likely be companies leading their respective markets -- markets with inevitable long-term growth.
Artificial intelligence (AI) has powered Nvidia (NASDAQ: NVDA) to massive gains in 2024, and that's helped lift Taiwan Semiconductor (NYSE: TSM) shares as well. But those aren't the only semiconductor stocks set to win from the huge growth in the industry.