Tech Giants Positioned to Outpace Nvidia in AI Growth

Nvidia's stock has soared due to its dominance in AI chips, but other tech giants like Alphabet and Amazon 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, while having a better valuation than Nvidia.

Amazon tripled its operating income in 2023 and has over 9x more free cash flow than Nvidia, allowing heavy investments in AI like new AWS services and its Rufus shopping assistant.

Based on future P/E ratio projections, Amazon's stock price could increase 67% by 2026 compared to 45% for Nvidia, making it a better long-term bet.

Companies like Alphabet and Amazon have more diversity and stability across business segments beyond just AI, making them potentially safer and more reliable investments.