Considering all of this, it's no surprise that the wealthiest investors have been buying shares of AI stocks like hotcakes. In fact, semiconductor stocks are among the most popular tech stocks owned by billionaires, research by The Motley Fool shows. And the wealthiest investors can't get enough of the following AI player...

Shares of ServiceNow have gained more than 4,000% since the company went public, and the stock is now hovering near an all-time high.

Rather than focusing on quarterly earnings beats or temporary market sentiment, my investment strategy centers on identifying companies that can compound value over many years or even decades. While many view the current AI boom skeptically,

This top-performing ETF's largest three stock holdings are Nvidia, Taiwan Semiconductor Manufacturing, and Broadcom.