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Barchart
Pathikrit Bose

2 Top AI Stock Picks That Aren't Nvidia

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If any company has dominated the limelight most amid the artificial intelligence (AI) megatrend, it has easily been Nvidia (NVDA). Up a jaw-dropping 2,659% in just the last five years, Nvidia's AI chips have emerged as the preferred choice for so-called hyperscalers like Google (GOOGL), Microsoft (MSFT), and Meta Platforms (META) to power their generative AI platforms - a market touted to reach about $1.3 trillion by 2032. 

However, recently it seems that some cracks have started to emerge in Nvidia's Cinderella story. Concerns over China export controls, overvaluation in the stock, the pace of AI demand, and even the wider U.S. economy all culminated in Nvidia experiencing the worst-ever share price fall in history, erasing a whopping $279 billion off its market cap.

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