The paradigm shift brought about by artificial intelligence (AI) is changing the face of the technology landscape. If you're looking for evidence of this trend, nowhere is it more apparent than the list of the world's largest companies when measured by market cap.

Microsoft, at the forefront of AI-powered assistants, boasts a market cap of $3.37 trillion, ahead of the previous champ. Apple, at $3.27 trillion, has dabbled in AI for more than a decade and recently announced sweeping AI updates for many of its devices. Nvidia has been the poster child of AI chipmakers and the third company to sport a market cap of more than $3 trillion. The leaders are followed closely by Alphabet, Amazon, and Meta Platforms -- all leaders in generative AI -- with market caps of between $1.31 trillion and $2.29 trillion.

With a market cap of roughly $891 billion (as of this writing), Taiwan Semiconductor Manufacturing (NYSE: TSM), often referred to as TSMC, is on track to join this elite group of businesses, probably sooner than later. The adoption of AI continues to gain ground, buoying demand for chips used in the process. As the world's largest semiconductor foundry, TSMC seems destined to join this exclusive fraternity.

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Source Fool.com