By Justin Pope
Publication Date: 2026-04-02 06:05:00
The artificial intelligence (AI) era continues to gain momentum. Total capital expenditures among top AI companies could hit $700 billion this year. All these investments have driven a chip supercycle that has propelled Nvidia (NVDA +0.77%), the runaway leader in AI GPU chips, to mind-blowing growth over the past several years.
But the AI industry is already changing, and quickly. Demand for AI inference is surging as companies begin applying AI models to real-world applications, which emphasizes chip efficiency over raw performance. Broadcom (AVGO +1.29%) has emerged as a power player in this space, designing custom AI accelerator chips for multiple top AI companies.
Both stocks have been absolute home runs since early 2023, but have pulled back from their highs amid recent market volatility. Which AI chip titan is most likely to add to your wealth in this ongoing supercycle?
Image source: The Motley Fool.
Nvidia is gearing up for inference with Vera Rubin
One major advantage Nvidia carries is a massive existing installation base. The top AI companies have already committed hundreds of billions of dollars to building on Nvidia’s hardware and its proprietary CUDA parallel computing platform, which helps lock developers into its ecosystem. Nvidia’s current flagship AI chip, Blackwell, is still going strong.
Today’s Change
(0.77%) $1.34
Current Price
$175.74
Key Data Points
Market Cap
$4.3T
Day’s Range
$174.76 – $177.37
52wk Range
$86.62 – $212.19
Volume
6.7M
Avg Vol
181M
Gross…