Top Artificial Intelligence Shares Worth Purchasing in June
In the rapidly evolving world of artificial intelligence (AI), three companies stood out in June 2022 as key players with strong long-term growth prospects: Nvidia, Taiwan Semiconductor Manufacturing Company (TSMC), and Meta Platforms. Each company occupies a distinct role in the AI ecosystem, with varying valuation metrics.
Nvidia is the cornerstone of AI hardware, dominating the market for graphics processing units (GPUs) used in AI workloads. With an estimated market share dominance of around 90%, Nvidia benefits significantly from the massive demand for AI processors. In Q1 2022, the company reported a staggering 69% year-over-year revenue growth to $44 billion. Nvidia's valuation, measured by the price-to-earnings (P/E) ratio, was approximately 56, considered pricey but justified by its growth potential and dominance in AI processing architecture and software ecosystems (CUDA, AI Enterprise). Analysts projected revenue could potentially reach nearly $300 billion by fiscal 2028, with a multi-trillion-dollar market cap in the following years.
TSMC, as the leading semiconductor fabricator, is critical to the AI supply chain. Manufacturing chips designed by companies like Nvidia and others, TSMC stands to benefit greatly from the surge in AI chip demand. In fact, TSMC's AI-related revenue is expected to double in the year 2025 compared to the prior year. This growth is reflected in TSMC's earnings, which surged 61% in Q2 2025, a testament to its strong operational performance and sustained demand for fabrication capacity. TSMC's dominant scale and cutting-edge technology position it well to capitalize on the ongoing AI hardware demand, with a valuation far more attractive than certain AI pure-plays like Palantir.
Meta Platforms is investing heavily in AI, particularly on AI infrastructure and software to power its social media services and metaverse vision. Along with companies like Microsoft and Amazon, Meta has announced plans to spend hundreds of billions over several years on AI data centers, indicating strong growth investment. However, Meta's valuation is tied to a mix of tech and social platform valuation metrics, rather than a pure semiconductor firm's valuation.
In summary, in mid-2022:
| Company | Role in AI Ecosystem | Growth Outlook | Valuation (P/E or other) | |---------------------------------|---------------------------------|-------------------------------------------------------|-------------------------------------------| | Nvidia | AI GPU designer and software ecosystem leader | High revenue growth (~50%+), dominant GPU market share | P/E ~56, expensive but justified by growth | | TSMC (Taiwan Semiconductor) | Leading semiconductor manufacturer (chip foundry) | AI revenue expected to double year-on-year, earnings surged 61% Q2 2025 | More attractive valuation than AI pure plays like Palantir | | Meta Platforms | AI infrastructure and software | Heavy AI data center investments, long-term AI growth | Valuation tied to mix of social media & AI investments |
These three stocks provide complementary exposure to the AI revolution: Nvidia for AI chip design and software, TSMC for chip manufacturing, and Meta for AI-enabled software platform expansion. The success of these companies is largely due to the unprecedented demand for AI technologies.
Money flows into the AI sector as Nvidia, Meta Platforms, and Taiwan Semiconductor Manufacturing Company (TSMC) continue to invest and innovate, shaping the future of artificial intelligence (AI). With technology at the heart of each company's strategy, investing in these key AI players presents opportunities for financial growth, as advancements in AI hardware, semiconductor manufacturing, and AI infrastructure may lead to significant returns in the coming years.
