Meet the Only AI Stock I'd Buy Over Nvidia in October
ASML is thinking years ahead of the AI industry, ensuring it remains an industry leader well into the 2030s.
Overview
Even near an all-time high, Nvidia (NASDAQ: NVDA) remains one of the best artificial intelligence (AI) growth stocks. It's evolved from a chip company that primarily made graphics processing units (GPUs) for data centers into an AI infrastructure linchpin. Its rack-scale solution goes far beyond GPUs to capture a larger share of the data center market.
Hyperscalers continue to turn to Nvidia to address their compute needs. On its second-quarter 2026 earnings call, Space Exploration Technologies (NASDAQ: SPCX) noted that Nvidia's Vera Rubin architecture is so advanced that it warrants SpaceX building exclusively on Nvidia.
Details
SpaceX is working with financial institutions to raise $40 billion to fund its AI build-out. And Nvidia is making compute demands more affordable for AI start-ups, labs, and enterprises by partnering with a consortium of six financial institutions to build $500 billion in AI infrastructure.
Source
Originally published at www.fool.com.
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