By Adria Cimino
Publication Date: 2026-04-24 08:07:00
In recent years, Nvidia (NVDA 1.41%) has demonstrated its ability to deliver explosive growth in both earnings and stock performance. The company is the leading maker of something that’s been in extremely high demand: the artificial intelligence (AI) chip. Nvidia’s graphics processing units (GPUs) are the compute powering the most critical of AI tasks, such as the training and inference of models.
Though others sell AI chips, customers have flocked to Nvidia in particular due to the speed and efficiency of its GPUs, helping earnings to soar in the double and triple digits to record levels. And in response to that great performance, the stock price has soared more than 1,000% over the past five years.
Demand for Nvidia’s products continues to roar higher, so we may expect the stock to deliver a fantastic performance this year — and I think that’s likely to happen. Still, my prediction is the best-performing AI stock on the Nasdaq by year-end won’t be Nvidia. Let’s consider this player that might outperform the AI giant.
Image source: Getty Images.
A player in the AI chip market
The company that I’m thinking of operates in the AI chip market, but I don’t consider it a direct rival of Nvidia. And this is a key benefit for this company, as it’s carving out its own share of the market — without the tough task of trying to beat the AI chip leader. The player I’m talking about is Broadcom (AVGO 0.65%).
You might know Broadcom best for networking, as it provides connectivity…
