The stock market's enthusiasm for artificial intelligence (AI) has propelled it to new heights. McKinsey projects AI could contribute up to $13 trillion to the global economy by 2030. Although some AI stocks might seem overpriced, several remain attractive investments. Three Fool. com contributors recommend investing in Taiwan Semiconductor Manufacturing Company, Tesla, and Qualcomm. Here's why: 1. **Taiwan Semiconductor Manufacturing Company (TSM):** Despite geopolitical concerns with China's interest in Taiwan, Taiwan Semiconductor is a leading AI stock due to its vast market share in semiconductor foundry services, producing chips for major companies like Nvidia and AMD. The growth of AI chips is predicted to expand significantly, and Taiwan Semiconductor is well-positioned to benefit. Trading at a forward P/E ratio of just under 28 with an estimated annual earnings growth of 31%, its PEG ratio indicates a bargain for future growth. Despite regional risks, mitigation efforts, such as reducing advanced AI chip shipments to China and investing in new U. S. facilities, enhance its appeal. 2.

**Tesla (TSLA):** Known primarily as an electric vehicle manufacturer, Tesla is also a major AI player. With a market cap exceeding $1 trillion, its AI initiatives, like the Full Self-Driving (FSD) system, could substantially boost value. Tesla's vehicles serve as data platforms feeding into advanced supercomputers to refine FSD. If successful, truly autonomous driving could massively increase Tesla's market cap. Other AI-driven projects include robotaxis and the Optimus humanoid robot, showcasing Tesla's commitment and potential in AI. 3. **Qualcomm (QCOM):** As AI revitalizes Qualcomm, the company remains a compelling AI chip stock. While its share of the 5G market has declined, Qualcomm is innovating with AI capabilities in smartphones and expanding into automotive, IoT, and PC chips. The automotive segment saw a 55% revenue increase last fiscal year, indicating significant growth potential. Though reliant on the challenging handset market, Qualcomm's overall revenue rose by 9% in fiscal 2024, with Q4 revenue up 18%, demonstrating benefits from the AI upcycle despite legal disputes with Arm Holdings and competition with Apple. These companies showcase promising prospects for AI-driven growth, making them worthy considerations for investors seeking exposure to this transformative technology.