By Geoffrey Seiler, The Motley Fool
Publication Date: 2026-01-11 21:35:00
The stocks of Broadcom and AMD could have higher upside than Nvidia in the coming years.
Nvidia (NVDA 0.10%) is the king of artificial intelligence (AI) infrastructure. It has built a nice moat, particularly in large language model (LLM) training, as its CUDA software solution became the de facto way to program graphics processing units (GPUs) for AI workloads during the very early days when AI was in its early days of development. That has helped give the company an approximate 90% market share in the GPU space.
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(-0.10%) $-0.18
Current Price
$184.86
Meanwhile, its revenue has soared nearly tenfold in the past three years, and its shares have risen nearly 1,200% to make it the largest company in the world. At the same time, the company is starting to see increased competition, and its market share has nowhere to go but down. While Nvidia still has a bright outlook, let’s look at two alternative AI chip stocks that could have even bigger upside.
Image source: Getty Images.
Broadcom
Nvidia’s biggest threat is coming from Broadcom (AVGO +3.76%), which is a leader in ASIC (application-specific integrated circuit) technology. Nvidia’s GPUs were once disrupted by ASICs in the cryptocurrency market, and companies are now increasingly looking toward these pre-programmed chips as a cheaper alternative to Nvidia’s GPUs to help…
