Finding bargains in the artificial intelligence (AI) investing world isn't easy, but they're out there. Three that I've got my eye on are Taiwan Semiconductor ( TSM 1.60%), Adobe ( ADBE -0.25%), and Alphabet ( GOOG 0.45%) ( GOOGL 0.54%).

Wall Street inched to more records Thursday as gains for Alphabet and artificial-intelligence stocks helped make up for Tesla’s steep tumble. The S&P 500 added 0.1% to its all-time high set the day before.

This AI giant dominates the market, and despite its explosive growth, the stock might be cheaper than you think.