This will give way to the next wave of AI investments, and if you're looking to cash in on this trend, I've got three companies that are slated to do well.

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.

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,

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.

One company is behind Nvidia's success, and CEO Jensen Huang said it's the best in the industry. Despite the strong growth prospects, investors can still buy the stock for a great price right now. The chipmaker has shown incredible pricing power amid the strong demand.