Perhaps no stock has prospered more from artificial intelligence (AI) than Nvidia. The semiconductor company leading in the development of AI chips brought triple-digit revenue and earnings growth, and at one point, the stock was up 1,000% from its late 2022 low.

As a result, Broadcom and Nvidia are positioned to benefit for years as the AI industry expands from 2023's global market size of $136 billion to an estimated $827 billion by 2030. This is one reason owning shares in both is a great way to invest in the secular trend of AI.

These three small-cap AI stocks have a shot at generating millionaire-making gains over the next decade: SoundHound AI (NASDAQ: SOUN), Serve Robotics (NASDAQ: SERV), and Evolv Technologies (NASDAQ: EVLV). Image source: Getty Images.

Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation.

Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than quadrupled the return of S&P 500 since 2002*.

Palantir's bottom line also remains buoyant, with adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) rising 39% to $261.6 million. However, this metric adds back a whopping $141.8 million in stock-based compensation.

In today's video, I discuss how OpenAI o1-preview impacts Nvidia (NASDAQ: NVDA) and other semiconductor stocks. Check out the short video to learn more, consider subscribing, and click the special offer link below.