Should You Forget Nvidia and Buy These 2 Other Artificial Intelligence (AI) Stocks Right Now?

Nvidia and AI Market Overview - Nvidia has been a dominant player in the AI chip market, with its stock surging 539% over the past three years and trading at 62 times earnings [1] - However, Nvidia faces increasing competition as major customers develop their own in-house AI accelerators, potentially impacting its market position [1] Broadcom's Role in AI - Broadcom is a key player in the AI chip market, providing essential technologies for custom AI ASICs used by major cloud providers and tech companies like Meta Platforms [2] - Broadcom's custom ASIC revenue grew more than 3.5 times (350%) year over year last quarter, indicating strong demand for its AI-related technologies [3] - The company is also expanding its AI-focused empire through acquisitions and has a growing 1.2% dividend, making it a solid value in the AI space [4] Lam Research's Position in AI Chip Manufacturing - Lam Research is a leading semiconductor equipment company, specializing in etch and deposition machines crucial for producing next-generation AI chips and memory [5] - The company's machines are essential for producing vertical through-silicon vias (TSV) in high bandwidth memory (HBM) for AI applications, which is expected to drive increased capital spending [6] - Lam Research anticipates an extra $1 billion in revenue from gate-all-around transistors this year, with strong growth expected in its AI-focused segments and NAND flash business [7]