Investments in artificial intelligence in the next few years could fuel more growth for Nvidia and Taiwan Semiconductor.

Investors looking for growth stocks may be overwhelmed by the number of options available these days. Plenty of companies are cashing in on megatrends like artificial intelligence , spurring growth that investors couldn't have imagined just a few years ago.

But not all high-flying stocks are worth buying and holding for the long term, including some AI stocks that look like winners right now. So, which growth stocks are good options to put $1,000 toward right now and hold for years to come?

I think Nvidia ( NVDA 2.54% ) and Taiwan Semiconductor ( TSM 2.15% ) could continue to be big winners. Here's why.

Nvidia's processors will likely be in demand f

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