After a plunge in April on the "Liberation Day" tariffs, artificial intelligence (AI) stocks largely bounced back in May. Stocks like Nvidia are not far from their all-time highs,

Nvidia (NASDAQ: NVDA) is the most valuable company in the world as of this writing, with a market cap of $3.4 trillion, and it has reached this position thanks to a tremendous rally of more than 1,500% in its stock price in the past five years.

The proliferation of AI in the smartphone, PC, and data center markets, among others, is providing a massive tailwind for foundry giant Taiwan Semiconductor Manufacturing. A huge addressable market and the company's improving share in the Foundry 2.