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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.

FactSet tracks 64 analyst ratings on the chip designer's stock. And 51 of them rate Nvidia a buy in that system -- the highest available grade, equivalent to a strong buy on most rating platforms. Nine more call Nvidia an overweight opportunity, and the last four have settled for a hold. None of the 64 financial firms are going below that level.

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