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 and Dell are both potentially good stocks to buy and hold if you're bullish on AI. But Dell trades at just 13 times the company's expected future profits (based on analyst expectations) -- a much cheaper valuation than Nvidia, which trades at more than 36 times next year's earnings.

Key Takeaways Nvidia shares have exploded this year, but William Blair analysts say there's still an upside opportunity.The firm believes Nvidia has a one- to two-year lead on its competitors in artificial intelligence.

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,