There's no single "next Nvidia," but Palantir (PLTR), Broadcom (AVGO), AMD (AMD), Super Micro Computer (SMCI), and TSMC (TSM) are frequently cited as strong AI players with significant growth potential, focusing on different aspects like enterprise AI, custom chips (ASICs), high-performance servers, or manufacturing. Broadcom offers established profitability with AI growth, AMD competes directly with Nvidia in GPUs/CPUs, Super Micro provides essential server hardware, TSMC fabricates critical AI chips, and Palantir offers unique enterprise AI software, with Navitas Semiconductor providing specialized power chips for data centers.
Palantir's combination of accelerating growth, expanding margins, and defensible moat in AI software makes it the most compelling "next NVIDIA" candidate.
One of the companies best positioned to take advantage of this market dynamic is Micron Technology (NASDAQ: MU). Micron is a DRAM leader and also participates in the NAND (flash memory) market, which is also seeing supply shortages and soaring prices. DRAM currently makes up around 80% of its revenue and NAND 20%.
The stocks of Broadcom and AMD could have higher upside than Nvidia in the coming years. Nvidia (NVDA 0.29%) is the king of artificial intelligence (AI) infrastructure.
Warren Buffett's Berkshire Hathaway is investing in major tech players with significant AI involvement, notably buying a new position in Alphabet (Google) (GOOG/GOOGL) and holding large stakes in Apple (AAPL) and Amazon (AMZN), viewing them as leaders in AI integration across cloud, search, and consumer devices, with Alphabet's AI growth via Gemini and Google Cloud, Amazon's cloud AI, and Apple's strategic AI features being key drivers.
Nvidia's supply problems could open the door for AMD. AMD expects huge data center growth over the next five years. CEO says this is worth 18 Nvidias.
The company claims in a press release that its upcoming AI server rack, called Vera Rubin NVL72, “provides more bandwidth than the entire internet.” With Vera Rubin, Nvidia says it's developed a new type of storage system to help AI models process more complex, context-heavy requests more quickly and capably.
Warren Buffett's Berkshire Hathaway sells entire stake in TSMC. Warren Buffett's conglomerate has sold its remaining shares in the world's largest chipmaker, TSMC, after the “Oracle of Omaha” sounded alarms about its homebase of Taiwan.
Nvidia, to Musk, is an "obvious" pick. It's still the dominant figure in the AI trade and works with just about every major player in the industry.
Nvidia is forecast to deliver impressive growth yet again in 2026. Nebius Group should put up remarkable growth this year. The Trade Desk is set to bounce back in 2026.
This analyst recommends quantum stocks - but patience is required. D-Wave is one quantum company that Mizuho recommends for investors looking to play an emerging trend in computing. Nvidia's stock is up nearly 22,000% over the past 10 years, and up 46,000% over the past 15.
Nvidia (NVDA) rival Cerebras Systems is eyeing another shot at going public, and this time, the timing seems deliberate. According to Reuters, the AI chip startup is set to refile for a U.S. IPO as early as next week, with a target debut in Q2 2026.
Best AI Stocks to Buy Now
Jeff Bezos has invested in several AI companies, notably launching his own venture, Project Prometheus, focused on AI for manufacturing in late 2025, and backing AI-powered search engine Perplexity AI, which he's invested in through his personal funds, while his venture arm also supported AI startups like Figure AI, Physical Intelligence, and Deep Sentinel.
Nvidia is making major moves in AI, most notably acquiring key assets and acqui-hiring top talent from AI chip startup Groq for about $20 billion, its largest deal ever, focusing on Groq's low-latency inference chips and bringing Groq's leadership to Nvidia. Additionally, Nvidia purchased a $5 billion stake in Intel as part of an earlier agreement, solidifying its position in the semiconductor market.
Top NVIDIA Alternatives
From $5,000 to nearly $1 million in a decade
This amount assumes you reinvested the modest dividends Nvidia pays.
1. Palantir. The poster child for AI stocks being overvalued is no doubt Palantir Technologies (NASDAQ: PLTR). The stock trades at a whopping forward price-to-sales (P/S) ratio of 67 times 2025 analyst estimates and 49 times the 2026 consensus.