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.

SoundHound AI is a leader in conversational AI technologies, and it's amassing an impressive list of customers.

The Department of Justice has contacted Nvidia relating to the company’s more than 80% market share of the burgeoning AI chip industry. Reports that the DOJ sent subpoenas to the leading manufacturer of data center graphics processing units,

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.

The central bank's decision to slash borrowing costs by 50 basis points is easing concerns about the economy. That could lift the AI trade.

A Wall Street analyst initiated coverage of three semiconductor stocks with buy ratings, citing their exposure to the artificial intelligence boom.