3 Stocks That Could Outperform Nvidia in the AI Race
While Nvidia continues to dominate headlines as the king of AI chips, a new generation of competitors is gaining ground. With valuations climbing and export challenges emerging, Nvidia’s growth curve could start to flatten.
Meanwhile, other semiconductor players are quietly building momentum—both in AI infrastructure and custom silicon. Here are three stocks that analysts believe could outperform Nvidia in the coming quarters.
1. Broadcom (AVGO): Diversified AI Growth with Solid Fundamentals
Broadcom is increasingly positioned as a leader in AI-driven infrastructure. The company has posted three consecutive quarters of accelerating earnings growth, with its most recent quarter up 45% year-over-year. Analysts project over 20% revenue growth and a 43% earnings jump in the next fiscal cycle.
What sets Broadcom apart is its balanced portfolio, which includes AI cybersecurity software and data center solutions. Its recent breakout above key technical resistance, combined with a near-perfect composite rating, signals strong institutional support. Broadcom’s diversified AI exposure gives it a cushion against sector-specific volatility that could impact Nvidia.
2. Marvell Technology (MRVL): Custom AI Chips Gaining Traction
Marvell may not grab headlines like Nvidia, but it’s quietly winning in the background of the AI boom. The company’s recent earnings beat pushed the stock up nearly 20%, and analysts are bullish on its growing presence in the custom silicon market.
Marvell’s partnerships with hyperscalers like Amazon, Google, and Microsoft give it a significant edge. Analysts forecast that its AI-related revenue could hit $3.6 billion next year. With its focus on tailor-made AI chips for enterprise clients, Marvell offers exposure to a more specialized, less saturated segment of the AI market.
3. Advanced Micro Devices (AMD): Cost-Effective Data Center Challenger
AMD’s MI300-series chips are now powering data centers at Microsoft, Meta, and Oracle. Its data center revenue reached $12.6 billion in 2024, marking a 94% year-over-year increase.
In addition to impressive growth, AMD offers better value than Nvidia, trading at around 22 times forward earnings versus Nvidia’s 25x. As cloud providers look for cost-effective GPU alternatives, AMD’s expanding AI product line and competitive pricing may help it gain market share.
Conclusion
While Nvidia remains the AI sector’s benchmark, Broadcom, Marvell, and AMD each offer unique growth drivers that could position them as strong outperformers. Investors seeking AI exposure beyond Nvidia may find compelling value in these rising contenders.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
