Micron Technology stock is down over 40% from its year-to-high peak as analysts turn bearish toward the memory market.

While Nvidia is considered the top player in the AI chip market, it utilizes TSMC's foundries for its chip manufacturing. Nvidia was TSMC's second-largest customer last year, accounting for 11% of the Taiwan-based foundry giant's revenue. This may lead investors to believe that TSMC's fortunes are dependent on Nvidia's.

Consider when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $729,857!* Stock Advisor provides investors with an

C3.ai's revenue just accelerated for the sixth consecutive quarter, thanks to a shift in the company's strategy combined with surging demand for artificial intelligence.