The Motley Foolยท2025-11-27 11:00Core Viewpoint - The AI market continues to show strong growth potential despite some market caution regarding spending by AI hyperscalers, with significant investment opportunities expected through 2026 and beyond [1] Nvidia - Nvidia is a leader in AI computing, primarily through its industry-leading GPUs and supporting products, which are foundational to many current AI applications [3] - The company reported a revenue increase of 62% year-over-year to $57 billion in Q3, with expectations for Q4 revenue to rise to $65 billion [5] - Nvidia's cloud computing hardware is sold out due to high demand, indicating strong market control and premium pricing [5] - Nvidia is considered a must-own stock as AI computing growth is expected to continue for several years [6] Taiwan Semiconductor Manufacturing (TSMC) - TSMC is the primary manufacturer for Nvidia and many competitors, benefiting from rising AI spending regardless of which chip designs dominate [7] - TSMC's revenue grew by 41% year-over-year in Q3, reflecting high demand for its manufacturing capabilities [9] - The company is advancing to 2nm chip technology, which is projected to consume 25% to 30% less power than current 3nm chips, potentially allowing for premium pricing and further revenue growth [10] Alphabet - Alphabet is investing in AI technologies to enhance its Google Search platform, which is crucial for its revenue and profit generation [11] - The company is expanding its Google Cloud division, which is experiencing rapid growth as AI clients utilize its computing resources [13] - Alphabet has shifted from being perceived as an AI underperformer to regaining a leadership position through investments in superior products, making it a strong buy for the future [14]