10 Stocks That Could Benefit If Nvidia's Troubles Continue

Here are 10 stocks that could thrive if Nvidia's troubles continue:

1. $Advanced Micro Devices(AMD)$

The most direct alternative to Nvidia's GPUs. Anthropic, Meta, Microsoft, OpenAI and Oracle are already running workloads on AMD's new Helios racks. Data center revenue grew 97% last quarter to $8.5B, and AMD guided Q4 revenue to about $17B.

2. $Broadcom(AVGO)$

Broadcom builds custom AI chips for companies that want to rely less on Nvidia. Google's TPUs, Meta's MTIA and OpenAI's in-house chip are built with Broadcom, and CEO Hock Tan says Anthropic is on track to become its largest custom chip customer in 2027. AI chip revenue grew 221% last quarter to $16.7B.

3. $Alphabet(GOOGL)$

Google designs its own AI chips, called TPUs, and has started selling TPU systems to outside customers. Anthropic and Apple are among its TPU users. Google Cloud revenue grew 103% last quarter to $30.7B, Alphabet called TPU system sales a meaningful contributor, and Cloud backlog stands at $561B.

4. $Amazon.com(AMZN)$

Amazon builds its own AI chip, Trainium, and the biggest AI labs have signed up. Anthropic has committed to up to 5 gigawatts of Trainium and OpenAI to about 2 gigawatts. Trainium revenue commitments grew more than 20x year over year, and AWS revenue grew 39% last quarter to $46B.

5. $Taiwan Semiconductor Manufacturing(TSM)$

TSMC doesn't need to pick a winner. Nvidia is its largest customer, but it also builds chips for AMD, Broadcom, Google and Amazon. Revenue grew 41% last quarter to $46.7B, Q4 guidance is $52.3B to $54.3B, and management says AI demand is still running ahead of its supply.

6. $Arista Networks(ANET)$

Arista sells the Ethernet switches that tie AI clusters together, and they work with any brand of AI chip. Revenue grew 58.5% last quarter to $3.66B, and Arista guided Q4 to $3.9B to $4.0B.

7. $Astera Labs, Inc.(ALAB)$

Astera makes the chips that move data between GPUs, CPUs and memory inside AI servers. It backs UALink, the open alternative to Nvidia's NVLink, and its Orion platform lets customers choose their own GPU. Revenue grew 154% last quarter to $584.9M, with Q4 guided to $730M to $750M.

8. $Credo Technology Group Holding Ltd(CRDO)$

Whichever chips go into a data center, they have to be wired together. Credo makes the high-speed cables and chips that connect servers and switches in AI clusters. Revenue grew 115% last quarter to $479M, and it guided this quarter to $525M to $535M. Next earnings: December 1.

9. $Vertiv Holdings LLC(VRT)$

Every AI rack needs power and cooling, whatever chip is inside. Vertiv's organic orders more than doubled last quarter, net sales grew 61% to $4.3B, and it raised its 2026 sales guidance by $650M.

10. $GE Vernova Inc.(GEV)$

Data centers need electricity whichever chips they run. GE Vernova's orders rose 96% organically last quarter to $29B, total backlog hit $197B, and its gas turbine backlog plus reserved slots grew to 122 gigawatts, with at least 130 expected by year-end.

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