Additionally, Nvidia's stock is technically cheaper than AMD's. While not inexpensive, Nvidia's shares have a price-to-earnings ratio of 69, which is far cheaper than AMD's stock's P/E ratio of 130.

Artificial intelligence (AI) positively affected multiple businesses, including semiconductors, workplace collaboration software, and cloud computing. Consumers, companies, and governments are looking to make the most of this emerging technology to improve productivity.

Bill Ackman of Pershing Square Capital Management and Andreas Halvorsen of Viking Global Investors are two billionaires worth following for investment ideas. They are entrusted with billions in assets to manage for clients, and that reflects a career of making smart investment choices.