Nvidia (NVDA) and Advanced Micro Devices, Inc (AMD) stock prices have seen massive gains over the last year due to the surge in AI chip demand. Both companies are delivering record revenue and earnings. Demand for AI platforms is surging and computing power is at a premium. The semiconductor industry has never been at a better spot. However, many may have missed the initial boom and may be feeling some FOMO. Let’s look at three alternate AI stocks you can buy if you missed the Nvidia and AMD train.

3 Alternate Stocks To Nvidia And AMD

The first AI stock you can consider is Broadcom (AVGO), a prominent name in the semiconductor industry. The firm designs, develops, and supplies semiconductor and infrastructure software solutions. The company was involved in the development of the XPU AI accelerator that has seen substantial interest in the market. Broadcom recently revealed an XPV financing vehicle with Apollo and Blackstone for XPU purchases by Anthropic and OpenAI. If you missed Nvidia and AMD, Broadcom (AVGO) could prove to be a decent alternate stock. Even Cathie Wood’s ARK Invest recently made a massive purchase of AVGO stock ahead of the company’s quarterly earnings report.

The second AI stock you can consider is Marvell Technology (MRVL). Analysts anticipate Marvell Technology’s data center business to deliver stellar results. Goldman Sachs recently raised its stock price target for Marvell Technology (MRVL) from $180 to $195. The revised price target is a strong signal that Wall Street is bullish on the company’s future. We could see some positive price action ahead of the company’s Q2 earnings report due on August 27, 2026.

Also Read: 3 Stocks At Risk In Case Of An AI Bubble

The third AI stock you could consider as an alternate to Nvidia (NVDA) and AMD is Arista Networks (ANET). Arista Networks is a provider of client to cloud networking services for AI data center. The company has seen significant gains amid an AI boom. A $1000 investment in ANET a decade ago is worth more than $40,000 today.