These companies are getting a nice boost thanks to AI, a trend that's likely to continue thanks to their huge addressable markets.

While Nvidia is considered the top player in the AI chip market, it utilizes TSMC's foundries for its chip manufacturing. Nvidia was TSMC's second-largest customer last year, accounting for 11% of the Taiwan-based foundry giant's revenue. This may lead investors to believe that TSMC's fortunes are dependent on Nvidia's.

A William Blair analyst cheers Nvidia’s moat and margins — while also weighing in positively on Broadcom and Arm shares.

Nvidia has been a bellwether in the artificial intelligence (AI) space thanks to its graphics processing units (GPUs) that have played a crucial role in the training and deployment of AI models. But the stock has fallen out of favor of late as investors are worried about its slowing growth.

NVIDIA Corp. (NASDAQ: NVDA) continues to be one of the most hotly debated technology stocks. Your decision to buy or sell NVDA stock may follow the principles you would use to make any decision. In this article,