If you asked me at the start of the year how I would rank Advanced Micro Devices (NASDAQ: AMD), Broadcom (NASDAQ: AVGO), and Nvidia (NASDAQ: NVDA) in terms of potential stock performance, I would have put Nvidia at the top, Broadcom in the middle, and AMD in last place. So far in 2026, my projection that Broadcom would be in the middle has panned out, but AMD has been a massive winner while Nvidia has been a loser.
There’s still a lot of time left in 2026, but which one of these three artificial intelligence (AI)-related stocks is the best buy now?
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a “Double Down” signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same “Total Conviction” signal is flashing for a company 1/100th the size of Nvidia. Continue »
Let’s take a look at this trio and rerank them for the rest of 2026 and into 2027.
Image source: Getty Images.
AMD and Nvidia are competing in the same field
All three of these stocks are being heavily spurred on by massive AI spending. AMD and Nvidia approach this problem from the same perspective, as each offers graphics processing units (GPUs) that excel in computing scenarios with variable, complex workloads. However, Nvidia’s products have downright dominated the field to date, and it holds a commanding lead in the data center space.
Broadcom is taking a completely different approach. Instead of a broad-purpose computing unit like a GPU, it has partnered directly with a handful of AI hyperscalers to design a custom AI chip tailored to the workloads each firm sees. This creates a chip that often offers better cost-performance than GPU-based computing, driving its rising popularity.
Broadcom expects major growth next year as new clients launch their custom AI chips. Currently, Broadcom’s major customer is Alphabet, with its Tensor Processing Units (TPUs). However, Broadcom is also making custom AI chips for Meta Platforms, Anthropic, and OpenAI, and…
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