Among the companies benefiting from artificial intelligence (AI) entering the mainstream are semiconductor giants (NASDAQ: AVGO) and Nvidia (NASDAQ: NVDA). The arrival of AI supercharged sales for both businesses as customers sought the necessary hardware and software to implement AI into their organizations.

As a result, Broadcom stock skyrocketed to a 52-week high of $186.42 in October, a dramatic change from the $90.31 low it was at last December. Nvidia also saw its stock soar over the past year, from last December's 52-week low of $45.01 to a high of $152.89 as of Nov. 21.

Both remain in a position to continue benefiting from AI-related demand, which shows no signs of abating. Industry forecasts estimate the AI market will experience a multi-year expansion from around $184 billion this year to over $826 billion by 2030.

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Source Fool.com