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Since OpenAI-led ChatGPT gained public prominence in late 2022, the rally of artificial intelligence (AI) stocks has been unstoppable. Whether it’s chipmakers like Nvidia (NVDA) or Advanced Micro Devices (AMD), hyperscalers like Microsoft (MSFT), Amazon (AMZN), Meta Platforms (META), or Alphabet) (GOOGL), or chip manufacturers like Taiwan Semi (TSM), stocks in the AI industry have rewarded investors handsomely over the last couple of years.
However, as is the case with any industry witnessing a massive rally, some hidden gems do not get as much time in the spotlight as others. Moreover, as investors continue to flock to the industry’s most popular names, they might miss an opportunity to witness even larger gains by seeking out these smaller companies.