The 3 Best Trillion-Dollar Stocks to Buy Now. (Hint: Nvidia Isn't One of Them.

Core Viewpoint - A potential shift in the artificial intelligence chip market is emerging, with Alphabet possibly selling its tensor processing units (TPUs) to Meta Platforms, which could introduce new competition and impact existing leaders like Nvidia [1][3]. Group 1: Market Dynamics - Nvidia has been the dominant player in the AI chip market since 2023, primarily through its graphics processing units (GPUs), while AMD has also captured a small market share [2]. - The largest data center operators have explored partnerships with Broadcom to develop custom AI accelerators, indicating a trend towards specialized hardware solutions [2]. Group 2: Alphabet's Position - Alphabet's potential sale of TPUs could create a new revenue stream, as currently, companies can only rent TPUs through Google Cloud [7]. - Alphabet's revenue heavily relies on advertising, which is subject to market fluctuations, but its cloud computing segment is growing due to increased demand for AI workloads [5]. Group 3: Broadcom's Role - Broadcom stands to benefit significantly from the sale of TPUs, as it receives payments for each TPU purchased by Alphabet [8]. - In fiscal Q3 2025, Broadcom generated $5.2 billion from AI-related sources, with expectations of growth to $6.2 billion in fiscal Q4 [9]. Group 4: Taiwan Semiconductor's Advantage - Taiwan Semiconductor Manufacturing Company (TSMC) is positioned to benefit from the overall growth in AI chip demand, regardless of which company leads the market [12][14]. - TSMC operates as a "fabless" chipmaker, outsourcing manufacturing, which allows it to remain neutral while still capitalizing on increased spending in AI chips [13]. Group 5: Investment Considerations - TSMC shares are currently trading at a lower premium compared to other stocks in the AI sector, making them an attractive investment option alongside Alphabet and Broadcom [16]. - While Nvidia remains a strong investment choice, the potential availability of TPUs for widespread purchase could shift investment preferences towards Alphabet, Broadcom, and TSMC [16].