Prediction: Meta Platforms, Taiwan Semiconductor Manufacturing, Alphabet to potentially surpass Nvidia in AI.

From Nasdaq: 2024-08-27 05:46:00

Nvidia (NASDAQ:NVDA) benefiting from high demand for AI-related technology, with market cap growing to $3.1 trillion. Meta Platforms (NASDAQ:META) investing heavily in Nvidia chips for AI integration, with capex around $37-40 billion this year. Taiwan Semiconductor Manufacturing (NYSE:TSM) dominating chip manufacturing with 60% market share, positioning itself to surpass Nvidia.

Meta Platforms (NASDAQ:META) targeting strong revenue growth with AI integration, big investments in data centers. Taiwan Semiconductor Manufacturing (NYSE:TSM) maintaining dominant market share in chip manufacturing, benefiting from high demand. Alphabet (Google) has potential to increase in value faster than Nvidia, utilizing AI for search, cloud, and workspace software.

Alphabet (Google) investing heavily in AI development, cloud platform, with capex around $50 billion this year. Shares trading at 22 times forward earnings, poised for multiple expansions. Nvidia may not be the only AI stock to invest in, with Meta Platforms and Taiwan Semiconductor Manufacturing showing strong growth potential.



Read more at Nasdaq: Prediction: 3 Artificial Intelligence (AI) Stocks That Will Be Worth More Than Nvidia in 3 Years