Nvidia's AI Chip Dominance Threatened As Tech Giants Make Their Own AI Bets

Nvidia's stock has soared due to its dominance in AI chips, but other tech giants are investing heavily in AI and have more room to grow.

Alphabet has described itself as an "AI-first company" and has various products like Android and YouTube that can be enhanced by AI. Its stock trades at a lower valuation than Nvidia.

Amazon Web Services is already a cloud leader and is releasing new AI services to meet demand. Like Alphabet, Amazon trades at a lower valuation than Nvidia.

Amazon projects stronger earnings growth over the next 2 years compared to Nvidia, making it potentially a better value buy.

Companies like Alphabet and Amazon have profitable core businesses alongside their AI pursuits, making them less risky AI investments than a pure-play like Nvidia.