Investors should consider AI chip companies for growth

Investors are encouraged to focus on long-term opportunities in the AI sector, despite recent tech stock sell-offs. Four key companies in this space are Taiwan Semiconductor, ASML, Nvidia, and Broadcom, all of which are positioned for significant growth. Taiwan Semiconductor, the leading chip foundry, expects AI-related revenue to grow at a 45% annual rate. The company plans to invest an additional $100 billion in U.S. facilities to meet rising demand. ASML, which provides essential machinery for chip fabrication, is also set to benefit from TSMC's expansion. Nvidia and Broadcom are major customers of TSMC, producing GPUs and custom AI accelerators, respectively. All four companies are currently trading at lower prices than in the past year, presenting potential investment opportunities for buyers.