This top-performing ETF's largest three stock holdings are Nvidia, Taiwan Semiconductor Manufacturing, and Broadcom.

That sets the table for continued growth over the coming years. Analysts estimate that Nvidia will grow earnings by an average of 38% annually for the next three to five years. Today, Nvidia trades at a forward P/E ratio of 51, a rock-solid value for its anticipated growth.

ASML's stock price has jumped more than 1,900% since its last split was announced on May 31, 2007. Each share now trades at around $764, suggesting that the time may be ripe for another stock split, which is why it won't be surprising to see management make that move when it announces its results later this month.

The artificial intelligence (AI) trend has given big boosts to the share prices of Nvidia ( NVDA -3.00%) and Taiwan Semiconductor Manufacturing ( TSM 0.60%) over the past year. The two chipmakers' stocks rose by 204% and 121%, respectively, during the period, crushing the 35% gains recorded by the PHLX Semiconductor Sector index.