In the days following Donald Trump's return to the White House, the stock market has set record highs. While Trump has promised to cut taxes and boost business, he's also expressed his desire to regulate certain big tech players,

Nvidia ( NVDA -3.26%) first disclosed a stake in fellow semiconductor company Arm Holdings ( ARM -5.59%) in the fourth quarter of 2023. The position was valued at $147 million at the time, but a recently filed Form 13F shows the position is now worth more than $280 million and accounts for about 65% of Nvidia's $433 million stock portfolio.

Artificial intelligence (AI) has turned out to be one of the key reasons behind the healthy growth of the semiconductor industry. The proliferation of this technology has driven an increase in demand for multiple types of chips ranging from application-specific integrated circuits (ASICs) to processors to memory.

Investors looking to buy a potential AI winner trading at a reasonable valuation should consider taking a closer look at this company.

During that time, Appian has evolved into an artificial intelligence (AI)-based process automation company, which is sometimes called low-code or process mining. It's streamlined