Investors have found another major way to play the artificial-intelligence trend besides semiconductor stocks, and that’s led to a changing of the guard atop this year’s list of the best S&P 500 performers.

Nvidia stock has soared more than 700% in less than two years, and there are a lot of factors that will continue influencing its share price.

If you’re looking for an alternative, Jefferies thinks it’s found “the Nvidia of Europe.”The investment bank has initiated coverage of chip equipment supplier SÜSS Microtec, a company with a market value of 1.

Semiconductor and homebuilder stocks are forming a bubble.