Is it time to rethink your tech stock choices? Check out why you might prefer this tech giant to Nvidia's soaring stock.

Nvidia is currently worth $3.4 trillion, but Amazon and Alphabet could surpass its market value before year-end in 2025. Amazon is well positioned to monetize artificial intelligence (AI) due to its leadership in cloud infrastructure and platform services.

AI could become a $826 billion market over the next five years. Nvidia is an obvious choice, but don't overlook these other AI power players.

Nvidia Corp.’s $3 trillion run-up in market value in the two years since ChatGPT helped trigger an AI frenzy is bigger than any stock rally in history in such a short time span. But the landscape is now changing for the chipmaker.

Nvidia has used its ballooning fortunes to invest in over 80 AI startups. Here are the giant semiconductor's largest investments.

AI researchers and data scientists. Nvidia announced Project DIGITS — a desktop AI supercomputer with the company’s latest Blackwell AI chip starting at $3,000 — to enable AI researchers and data scientists to work on AI models without tapping “Nvidia’s cutting-edge AI chips housed in data centers,” the Journal reported.

NVIDIA Corporation NVDA has been around for decades. However, with the advent of artificial intelligence (AI), the company has witnessed explosive business growth. In the past year, NVDA stock has surged 149%, becoming one of the top S&P 500 performers of 2024.

That turbulence has been on display recently, with Nvidia shares slumping after a presentation by chief executive Jensen Huang fell short of investors’ high expectations. The stock has dropped for five-straight sessions, shedding 12 per cent since hitting a record on Jan. 6. Investors say these kinds of swings come with the territory.

2024 saw Nvidia(NASDAQ: NVDA) briefly take the title of the largest company in the world, as measured by market capitalization, before seeding the position back to Apple. Microsoft was also a contender, holding the top spot for some time, as well.

The tech-heavy Nasdaq 100 looked set to rise for the first time in three sessions on Tuesday–and a familiar set of Big Tech stocks were driving the gains. Electric vehicle manufacturer Tesla rose 2.4% and chip maker Nvidia climbed 1.

Buckingham shared this breakdown of valuations as of Dec. 31 for the core TPS portfolio and companies of the Russell 3000 Index RUA and the S&P 500, as well as those indexes' value and growth subsets. The Russell 3000 Index is cap-weighted and designed to capture 98% of the U.S. market for publicly traded common stocks.

One key point about Nvidia that sets it apart from other AI investments is that it's making piles of money from all of the AI investments from big tech companies. Hans Mosesmann from Rosenblatt Securities has a Street-high price target of $220 per share on Nvidia.