Investors seeking long-term gains should look beyond Nvidia and consider other players in the artificial intelligence (AI) landscape. Nvidia’s remarkable share price increase of over 1,187% in the past five years has highlighted the potential wealth AI can generate. As this sector evolves, numerous companies are poised to deliver substantial growth.
High-Growth Opportunities Beyond Nvidia
While Nvidia remains a dominant player, patient investors can explore alternative stocks within AI infrastructure. Companies like Advanced Micro Devices (AMD) and Marvell Technology present promising prospects for future returns.
Advanced Micro Devices (AMD)
AMD is shifting focus with its Instinct GPUs, offering cost-efficient alternatives to Nvidia’s graphics processing units. The company reported a 32% revenue increase year-over-year, reaching $7.7 billion in the second quarter of fiscal 2025. AMD’s gross margin stood at 54%, accompanied by $1 billion in free cash flow despite facing export restrictions to China.
- The global AI accelerator market is projected to exceed $400 billion by 2027.
- AMD’s MI300 and MI325 accelerators are already gaining traction among cloud service providers.
- The MI350 series began production in June 2025, with expectations for ramp-up in the latter half of the year.
Looking ahead, AMD plans to launch the MI450 series GPUs in 2026, leveraging Taiwan Semiconductor Manufacturing’s 2-nanometer technology. This series is backed by significant contracts, including a multiyear partnership with OpenAI, expected to deploy 6 gigawatts of Instinct GPUs.
Market analysts are optimistic about AMD’s potential. Projections indicate revenues of $33 billion for fiscal 2025 and $42 billion for fiscal 2026, alongside adjusted earnings per share expected to reach $3.92 and $6.3 in the respective years. Currently, AMD trades at 37.5 times forward earnings, justified by its growth prospects.
Marvell Technology
Marvell Technology has established itself as a vital supplier of custom AI chips and high-speed networking solutions. In the second quarter of fiscal 2026, the company reported a remarkable 58% revenue growth, totaling $2 billion. Its data center segment, which comprises 74% of total revenue, is a key growth driver.
- Marvell’s adjusted earnings per share surged 123% to $0.67.
- The company recently divested its automotive Ethernet business for $2.5 billion, enhancing its financial flexibility.
Marvell has embarked on 18 custom chip design programs, positioning itself to capture a 20% share of the $94 billion data center addressable market by 2028. The evolving demands of AI data centers are prompting Marvell to upgrade its optical connectivity portfolio, with products like 1.6T PAM DSPs already in production.
Analysts project revenue growth of 41% for Marvell in fiscal 2026, potentially reaching $8.1 billion. Earnings per share are expected to increase significantly, hitting $2.80 in fiscal 2026. This robust growth, coupled with a premium valuation of 26.2 times forward earnings, suggests that Marvell can deliver impressive returns.
Conclusion
Investors looking for stocks with the potential to mirror Nvidia’s success should consider AMD and Marvell Technology. Both companies are strategically positioned to capitalize on the expanding AI market. With their innovative products and strong growth trajectories, they represent appealing choices for patient investors in the AI sector.
