Back in the dot-com boom era, stock splits became commonplace in response to soaring share prices. Amid the current artificial intelligence (AI) boom, a similar pattern could be developing. Already, several AI companies have split their shares, and more splits could be on the way among the others that are trading at lofty prices.

And today, with prices of AI stocks still reaching well into the hundreds of dollars, the stock split wave isn't over. In fact, one stock in particular looks like an excellent candidate thanks to its solid growth in recent years, top share price performance, and long-term prospects.

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While Nvidia is considered the top player in the AI chip market, it utilizes TSMC's foundries for its chip manufacturing. Nvidia was TSMC's second-largest customer last year, accounting for 11% of the Taiwan-based foundry giant's revenue. This may lead investors to believe that TSMC's fortunes are dependent on Nvidia's.

In today's video, I discuss how OpenAI o1-preview impacts Nvidia (NASDAQ: NVDA) and other semiconductor stocks. Check out the short video to learn more, consider subscribing, and click the special offer link below.

Nvidia's free cash flow is up 167% over the last 12 months to $47 billion, massively outperforming its competitors. Nvidia has the brand power and financial resources to retain its dominance in AI and keep pushing its technology forward, making it one of the most reliable ways to invest in the industry.