3 AI Stocks to Scoop Up Instead of Nvidia

While shares of Nvidia (NVDA) might have fallen flat after the chip giant's latest quarterly earnings report, analysts at JPMorgan have highlighted a list of artificial intelligence (AI) stocks poised to benefit from signs of continued surging demand for AI products and services. The brokerage firm emphasized that Nvidia’s component suppliers will likely see a positive impact from these results, as nearly half of Nvidia's revenue now comes from data centers.

"Nvidia highlighted the importance and growing demand of liquid cooling, particularly relative to Grace Blackwell deployments, while also noting the importance of the supply chain of OEMs and ODM to take the Nvidia architecture and deploy it in a bespoke way for Cloud and Enterprise customers alike as it played down its appetite to integrate solutions for customers," wrote analyst Samik Chatterjee in a note to clients.