Nvidia remains a top player in the AI accelerator market, but its $4.6 trillion market cap poses challenges for further growth. Smaller companies like Micron (NASDAQ: MU) and AMD (NASDAQ: AMD) offer potential for higher-percentage growth. Micron’s revenue rose 57% to $13.6 billion in Q1 2026, while AMD’s revenue grew by 36% to $9.2 billion in Q3 2025.

Micron is a key player in the AI market with its high-bandwidth memory products. Revenue growth in Q1 2026 and efficient cost management led to a 250% increase in stock price. AMD, with a market cap of $380 billion, is set to release its MI450 AI accelerator and could outperform Nvidia with its competitive pricing and growth potential.

Investors looking for alternatives to Nvidia may find potential in Micron and AMD. Micron’s strong performance in Q1 2026 and AMD’s upcoming AI accelerator release show promise for growth. Consider diversifying investments to include these companies for potential returns in the AI market.

Read more at Nasdaq: 2 Artificial Intelligence Stocks to Buy in 2026 That Could Be Better Picks Than Nvidia