The AI market is booming. Bain projects the total addressable market for AI hardware and software will grow 40%-55% annually, reaching $780 billion to $990 billion by 2027.

This growth is enabling companies that provide AI tools, such as chips for data centers, to benefit as demand surges for infrastructure supporting AI applications. Nvidia (NASDAQ: NVDA) and (NASDAQ: AVGO) stand out as early leaders of the AI megatrend. They're turning into cash-flow machines. Both are producing such an abundance of cash that they're returning most of their growing windfalls to shareholders.

Image source: Nvidia.

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Source Fool.com