Artificial intelligence (AI) is sweeping across every industry. Nvidia's (NASDAQ: NVDA) dominance in the market for graphics processing units (GPU) -- vital hardware for handling AI workloads -- has placed it in a lucrative position.

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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.