Warren Buffett, the longtime CEO of Berkshire Hathaway, is famous for his long-term bets. Many of his biggest investments have been in his portfolio for decades. Right now, the AI revolution is creating lucrative multidecade opportunities for growth, allowing investors to replicate Buffett's patient strategy with high-growth stocks.

The proliferation of AI in the smartphone, PC, and data center markets, among others, is providing a massive tailwind for foundry giant Taiwan Semiconductor Manufacturing. A huge addressable market and the company's improving share in the Foundry 2.

Artificial intelligence (AI) stocks scored major gains over the past two years as investors bet on the power of the technology to revolutionize the world -- from our daily lives to how companies operate.