Prediction: 3 Stocks That Will Be Worth More Than Nvidia 10 Years From Now

Don’t count Nvidia out, though.

Person uses a tablet in a blurred warehouse as background

Source: Getty Images

This article first appeared on our U.S. website.

We can probably all agree that the world will look different in 2034. However, much will likely remain more or less the same as it is today.

For example, I expect Nvidia (NASDAQ: NVDA) will still be one of the world’s biggest and most influential companies. Despite my optimism about the AI chip leader, though, I don’t think it will be the biggest company in the world. I predict these three tech stocks will be worth more than Nvidia 10 years from now.

1. Apple

Apple (NASDAQ: AAPL) ranked as the world’s largest company based on market cap throughout most of the last decade. It lost the top spot for a while and even fell into third place behind Nvidia for a brief period. However, Apple is again neck and neck in vying for the No. 1 position. I predict it will firmly hold this perch in 2034.

You might say Apple was a sleeping giant for a while with generative AI. The company didn’t jump on the bandwagon like several other technology leaders did after OpenAI released its wildly popular ChatGPT. That’s no longer the case.

Some viewed Apple’s new AI functionality that was revealed at its Worldwide Developers Conference (WWDC) earlier this week as underwhelming. On the other hand, many investors seemed to see Apple Intelligence (the name the company gave to its generative AI products and services) as a likely catalyst for a new iPhone upgrade super cycle.

One thing is certain: Apple is no longer asleep at the wheel with anything AI-related. I fully expect that the company will dominate edge AI (running AI on devices rather than in the cloud). I would also bet that its services business will continue to grow rapidly.

2. Microsoft

Microsoft (NASDAQ: MSFT) has gone back and forth with Apple as the world’s largest company. Although I don’t think Microsoft will ultimately hang on to the top spot, I expect the company to remain larger than Nvidia 10 years from now.

Probably the biggest reason for my prediction about Microsoft is its relationship with OpenAI. The huge tech company’s impressive gains since early last year have been largely due to its integration of OpenAI’s large language model (LLM) throughout its product lineup. I expect OpenAI to remain one of the leading innovators in AI. As a result, I think Microsoft will continue to profit from its relationship with the AI pioneer.

I also look for Microsoft’s cloud unit to have more sources for AI chips in the future, including its own custom silicon. If I’m right, this should boost the company’s profitability as the laws of supply and demand work their magic on lowering chip prices. As Microsoft’s earnings go, so go its stock price and market cap — at least over the long term. In addition, increased competition could prevent Nvidia from dethroning Microsoft and Apple.

3. Alphabet

Alphabet‘s (NASDAQ: GOOG) (NASDAQ: GOOGL) market cap lags well behind Nvidia’s right now. Since I’ve included the stock on this list, I obviously anticipate that will change. Why?

For one thing, Alphabet’s Google DeepMind rivals OpenAI. I think the two leaders will remain neck and neck in advancing AI over the coming years. While some see AI as an existential threat to Google Search, I predict Alphabet will be successful in blending search with generative AI. Its Google Cloud business should also benefit from new sources of AI chips, just as Microsoft will.

I like the prospects for Alphabet’s Waymo self-driving car unit. By 2034, Waymo could be a significant growth driver for the company with the rising adoption of robotaxis.

Alphabet could also achieve major breakthroughs in quantum computing over the next 10 years. Google Quantum Computing believes it could achieve its goal of developing a “useful, error-corrected quantum computer” within this decade.

This could make Alphabet an even more formidable player in AI because of the ability of quantum computers to process data much faster than traditional computers.

Don’t count Nvidia out, though

Although I predict Apple, Microsoft, and Alphabet will be bigger than Nvidia 10 years from now, I wouldn’t count Nvidia out. My assumption is that other chipmakers will be in a better position to challenge it over the coming years. If the company continues to out-innovate all of its rivals, though, that might not happen.

I think Apple, Microsoft, and Alphabet are great stocks for long-term investors. But Nvidia is, too.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Keith Speights has positions in Alphabet, Apple, and Microsoft. The Motley Fool recommends Alphabet, Apple, Microsoft, and Nvidia. The Motley Fool has a disclosure policy.

More on Tech Stocks

The virtual button with the letters AI in a circle hovering above a keyboard, about to be clicked by a cursor.
Tech Stocks

Emerging Canadian AI Companies With Big Potential

These tech stocks are paving the way to an AI-filled future, but still offer enough growth ahead for a strong…

Read more »

Young Boy with Jet Pack Dreams of Flying
Tech Stocks

Is Constellation Software Stock a Buy, Sell, or Hold for 2025?

CSU stock has long been a strong option for high growth, high value stocks. But are there now too many…

Read more »

An investor uses a tablet
Tech Stocks

Canadian Tech Stocks to Buy Now for Future Gains

Not all tech stocks are created equal. In fact, these three are valuable options every investor should consider.

Read more »

dividend growth for passive income
Tech Stocks

2 Rapidly Growing Canadian Tech Stocks With Lots More Potential

Celestica (TSX:CLS) and Constellation Software (TSX:CSU) are Canadian tech darlings worth watching in the new year.

Read more »

BCE stock
Tech Stocks

10% Yield: Is BCE Stock a Good Buy?

The yield is bigger than it's ever been in the company's history. That might not be a good thing.

Read more »

Happy shoppers look at a cellphone.
Tech Stocks

So You Own Shopify Stock: Is it Still a Good Investment?

Shopify (TSX:SHOP) stock has had a run, but there's still room to the upside.

Read more »

A person uses and AI chat bot
Tech Stocks

AI Where No One’s Looking: Seize Growth in These Canadian Stocks Before the Market Catches Up

Beyond flashy headlines about generative AI, these two Canadian AI stocks could deliver strong returns for investors who are willing…

Read more »

Data center servers IT workers
Tech Stocks

Better Buy: Shopify Stock or Constellation Software?

Let's dive into whether Shopify (TSX:SHOP) or Constellation Software (TSX:CSU) are the better options for growth investors in this current…

Read more »