Considering all of this, it's no surprise that the wealthiest investors have been buying shares of AI stocks like hotcakes. In fact, semiconductor stocks are among the most popular tech stocks owned by billionaires, research by The Motley Fool shows. And the wealthiest investors can't get enough of the following AI player...

For its first few years as a public company, Palantir Technologies (NASDAQ: PLTR) struggled mightily to capture meaningful market share in the enterprise software space. The company's sluggish growth and heavy reliance on lumpy federal contracts fueled a perception that Palantir was really more of a government consulting operation and less so a legitimate player in the software arena.

Stock splits have been in fashion in recent years in the technology sector as high-flying tech stocks have opted to go down this route in a bid to lower their share prices. Nvidia, Alphabet, Tesla, and Broadcom are some of the prominent names that have executed stock splits in recent years,

Shares of ServiceNow have gained more than 4,000% since the company went public, and the stock is now hovering near an all-time high.

Semiconductor stocks are getting hit with a wave of bearish pressures following news that the U.S. will take new steps to limit the export of advanced chips used for AI.

The accelerating adoption of AI has left little upside for many stocks in the space -- but others are poised to surge.