Artificial intelligence (AI) remains a hot area to invest in, as seen in Nvidia's share price, which is up over 30% this year through Aug. 6. Two AI businesses to consider are ASML Holding (NASDAQ: ASML) and Advanced Micro Devices (NASDAQ: AMD), since they provide key hardware to the industry.

The former makes cutting-edge lithography machines, which are necessary for producing the advanced microchips that power AI systems. AMD, one of Nvidia's top competitors, sells AI chips to cloud computing companies such as .

ASML and AMD are both strong businesses. But determining which is a better AI investment isn't simple. So let's evaluate them in more detail.

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Source Fool.com