Should You Forget Nvidia and Buy These 2 Artificial Intelligence (AI) Stocks Right Now?
The Motley Fool••business
Key Points:
- Nvidia dominates the AI infrastructure market with about 90% share in GPUs, largely due to its early development of the CUDA software for AI workloads, driving a nearly tenfold revenue increase and a 1,200% rise in share price over three years.
- Broadcom poses the biggest threat to Nvidia with its ASIC technology, offering more energy-efficient, task-specific chips that are gaining traction for AI inference workloads; Broadcom's AI-related revenue is expected to surge from $20 billion to over $100 billion by 2027.
- Broadcom supports custom AI chip development through its IP portfolio and manufacturing partnerships, working with major players like Alphabet, OpenAI, and reportedly Apple, positioning it for significant growth in the AI chip market.
- AMD
