Nvidia has established a strong ecosystem around its chips, with a 94% market share in the GPU sector. Its CUDA software platform and NVLink interconnect system enhance chip performance. With AI infrastructure spending on the rise, Nvidia is well-positioned for future growth.

ASML holds a monopoly on extreme ultraviolet lithography (EUV) technology, essential for making advanced chips. Its high-NA EUV platform is set to drive strong growth over the next decade. ASML’s importance in the semiconductor industry is undeniable, making it a compelling stock to own.

Taiwan Semiconductor Manufacturing (TSMC) has a wide moat in the industry due to its ability to shrink nodes while maintaining high yields. As a key partner for chipmakers, including Nvidia and Apple, TSMC’s importance in the semiconductor ecosystem gives it strong pricing power and growth potential over the next decade.

Read more at Nasdaq: 3 Artificial Intelligence Stocks to Buy and Hold Through 2035