The proliferation of artificial intelligence (AI) can fundamentally shape future business practices. While various forms of AI have been around for some time, a spike in buzz around the technology and particularly the proven efficacy of ChatGPT have caused many companies to consider adding AI to their products or internal systems.

This renewed interest will be a boon for some stocks. Two that I think fall under this umbrella are Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) and Taiwan Semiconductor Manufacturing Co. (NYSE: TSM). Each has deep roots in the AI movement and will be successful even if AI doesn't impact business as much as many think.

Many people know Alphabet through its Google, YouTube, and Android products, but it also is massively investing in AI. An investment in Alphabet covers many corners of the AI industry, as it has a cloud computing division that can help customers train AI, an AI toolkit that developers can use to deploy AI to their products, and Google DeepMind, a segment that is solely focused on researching and engineering new AI capabilities.

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Source Fool.com