Broadcom is a networking giant, selling thousands of products used in the areas of data center networking, home connectivity, smartphones, and more. But in recent times, AI has emerged as a key growth area for the company, and Broadcom even said in its latest earnings report that AI revenue continues to "grow strongly."

Nvidia and Broadcom are both great long-term investments. But if you want to fully profit from the secular expansion of the AI market, Nvidia is the more obvious play. It will remain the top provider of AI accelerator chips for the foreseeable future, it has incredible pricing power, and its stock doesn't seem overvalued yet.

Semiconductor stocks took a sharp hit on the New York Stock Exchange, with Nvidia, a leader in AI chips, seeing a nearly 5% drop.

AMD is trying to make a dent in the AI graphics card market, but will it be able to eat into Nvidia's market share?

The front of the Nvidia headquarters in Santa Clara, California. (Justin Sullivan/ North America/TNS) Biden administration officials have discussed capping sales of advanced AI chips from Nvidia Corp.