Nvidia (NASDAQ: NVDA) has emerged as the dominant force in the AI data center chip industry. As big tech ramps up spending on new artificial intelligence (AI) models, Nvidia's cutting-edge graphics processing units (GPUs) have been critical to their needs for rapid computational power.

Nvidia commands an estimated 80% of the AI chip market. As a result, its stock price has rocketed higher -- joining the $1 trillion club last summer when it touched $3 trillion in market value on June 5. Among the few companies with market caps of $1 trillion or more, it's the only one exclusively focused on semiconductors.

Yet, two other semiconductor companies benefiting from the current AI trend could soon join Nvidia in that upper echelon of mega-cap stocks. Helped by several growth drivers beyond AI, they could have a lot of staying power once they get into the $1 trillion club.

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Source Fool.com