Could the Nvidia Killer Be Hiding in Plain Sight? 3 Stocks to Watch

Core Viewpoint - The AI market is experiencing significant growth, projected to increase from $235 billion in the previous year to $631 billion by 2028, with Nvidia being a major player but facing emerging competition from its own customers [1]. Group 1: Nvidia's Position in the AI Market - Nvidia has generated $187 billion in revenue over the past four quarters, primarily from a small number of hyperscalers [2]. - The company’s GPUs are currently the preferred choice for AI hyperscalers, but there is increasing pressure for these companies to reduce costs [2]. Group 2: Competitive Threats to Nvidia - Alphabet: The recent launch of its Gemini 3 AI model, trained on proprietary AI chips rather than Nvidia's GPUs, poses a significant threat to Nvidia's market dominance [4][7]. - Amazon: Amazon has developed its own AI chip, Trainium, and is expanding its use in data centers, which could reduce Nvidia's market share [10][11]. - Microsoft: Microsoft is collaborating with OpenAI to develop custom AI chips, indicating a shift away from reliance on Nvidia's GPUs [12][15].