Artificial intelligence (AI) is sweeping across every industry. Nvidia's (NASDAQ: NVDA) dominance in the market for graphics processing units (GPU) -- vital hardware for handling AI workloads -- has placed it in a lucrative position.

Paul Chew at Phillip Securities has set Alphabet with a target price of $250 per share. That implies 45% upside from its current share price of $172. It also implies a market value of $3 trillion. Here's what investors should know about Amazon and Alphabet.

The proliferation of AI in the smartphone, PC, and data center markets, among others, is providing a massive tailwind for foundry giant Taiwan Semiconductor Manufacturing. A huge addressable market and the company's improving share in the Foundry 2.