2 Artificial Intelligence Stocks to Buy in 2026 That Could Be Better Picks Than Nvidia

Core Insights - Nvidia is the leader in the AI accelerator market, which is projected to grow at a CAGR of 29% through 2030, indicating continued strong performance for Nvidia [1] - With a market cap of $4.6 trillion, achieving significant stock price growth becomes increasingly challenging, prompting investors to consider smaller companies with higher growth potential [2] Company Analysis Micron Technology - Micron develops high-bandwidth memory (HBM), which is in high demand due to the AI data center boom, positioning it favorably in the market [3] - In Q1 of fiscal 2026, Micron reported revenue of $13.6 billion, a 57% increase year-over-year, with net income reaching $5.2 billion compared to $1.9 billion in the same quarter last year [4] - The stock price has risen by 250% over the past year, leading to a market cap of over $340 billion, with a P/E ratio of 34, slightly above the S&P 500 average [6] Advanced Micro Devices (AMD) - AMD is well-positioned to compete with Nvidia, with a market cap around $380 billion and plans to release the MI450 AI accelerator, which may outperform Nvidia's offerings [7][8] - In Q3 of 2025, AMD's revenue was $9.2 billion, reflecting a 36% year-over-year growth, with net income of $1.2 billion and a profit growth rate of 61% [9] - Despite a P/E ratio of 115, AMD's forward P/E of 35 suggests potential for rapid profit growth, making it an attractive investment opportunity [11]