Missed Nvidia and AMD? Here Are 3 AI Stocks to Buy Instead

Nvidia (NVDA) and Advanced Micro Devices, Inc (AMD) stock prices have seen massive gains over the last year due to the surge in AI chip demand. Both companies are delivering record revenue and earnings. Demand for AI platforms is surging and computing power is at a premium. The semiconductor industry has never been at a better spot. However, many may have missed the initial boom and may be feeling some FOMO. Let’s look at three alternate AI stocks you can buy if you missed the Nvidia and AMD train.

3 Alternate Stocks To Nvidia And AMD

The first AI stock you can consider is Broadcom (AVGO), a prominent name in the semiconductor industry. The firm designs, develops, and supplies semiconductor and infrastructure software solutions. The company was involved in the development of the XPU AI accelerator that has seen substantial interest in the market. Broadcom recently revealed an XPV financing vehicle with Apollo and Blackstone for XPU purchases by Anthropic and OpenAI. If you missed Nvidia and AMD, Broadcom (AVGO) could prove to be a decent alternate stock. Even Cathie Wood’s ARK Invest recently made a massive purchase of AVGO stock ahead of the company’s quarterly earnings report.

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