If you’re searching for the next big player instead of focusing solely on the current giants, there are two stocks that might outpace Nvidia over the next decade, particularly if Nvidia’s growth starts to slow.
Nvidia is experiencing a significant moment, one that will surely be discussed in future business school classrooms. Its chips are integral to the ongoing AI boom, leading to a remarkable market cap that hit $4.5 trillion by February 17, 2026.
Clearly, Nvidia is a strong company right now, riding the wave of an AI-driven boom. However, my interest lies in the bigger picture. Which companies might have the potential to grow and surpass Nvidia’s market cap in ten years?
A decade can offer ample opportunity for rivals to catch up, for companies to start producing their own products, for valuations to soar, and, of course, for the relentless force of gravity to take hold.
Let’s explore two firms that I believe could eclipse Nvidia by 2036, particularly if its rapid expansion slows.
Today’s changes
(0.63%) $1.18
current price
$189.08
Key data points
Market capitalization
$4.6 trillion
daily range
$185.95 – $190.33
52 week range
$86.62 – $212.19
volume
4.1M
average volume
177M
gross profit
70.05%
dividend yield
0.02%
Alphabet’s potential could exceed Nvidia’s chip empire
Alphabet is also aboard the AI train, along with Nvidia. Its Google Cloud division counts as one of Nvidia’s major clients, and Alphabet has invested billions in AI data centers and servers. Consequently, the company’s capital investment for 2027 is expected to double, moving from $91 billion to around $180 billion.
However, Alphabet doesn’t seem tied to Nvidia’s hardware for the long haul. They’ve developed their own custom AI accelerators in conjunction with Broadcom and Taiwan Semiconductor Manufacturing. These Tensor chips are tailored for Google Cloud’s specific AI tasks but might be offered to other big players soon.
The landscape isn’t solely about Alphabet. It seems that nearly every notable AI software provider is toying with the idea of in-house chip design. It’s a busy field, and I find myself questioning whether Nvidia can continue charging a premium for its chips.
On the bright side, the AI surge has helped Google Cloud’s quarterly revenue skyrocket, transitioning from a modest loss at the end of 2022 to a $5.3 billion operating profit in Q4 2025. The company is also ready to tackle forthcoming challenges. Alphabet’s structure permits it to manage various businesses that might not neatly align with the Google brand, like Waymo’s self-driving taxis, which could generate new revenue.
Today’s changes
(3.73%) $11.30
current price
$314.15
Key data points
Market capitalization
$3.7 trillion
daily range
$303.90 – $316.52
52 week range
$140.53 – $349.00
volume
1.5M
average volume
37M
gross profit
59.68%
dividend yield
0.27%
How much faith does Alphabet’s management have in the company’s longevity? They recently issued a 100-year bond for AI infrastructure financing. Of course, it doesn’t guarantee that Alphabet will exist in 2126, but it signifies confidence. Not many companies would consider such a move lightly.
The decade ahead is just a stepping stone towards that century bond’s maturity. Alphabet, holding a $3.7 trillion market cap, is trailing Nvidia by around 20%.
If Nvidia’s stock continues to grow at 11.5% annually over the next ten years, and Alphabet’s rate is 14%, their market caps might eventually meet at about $13.5 trillion. It’s interesting how small differences can accumulate significantly over time.
Today’s changes
(-0.24%) $-1.20
current price
$495.74
Key data points
Market capitalization
$1.1 trillion
daily range
$492.00 – $497.75
52 week range
$455.19 – $542.07
volume
144K
average volume
4.8M
gross profit
24.85%
Berkshire Hathaway: a steady game with significant gains
That’s the situation with Berkshire Hathaway, which hinges on incremental advantages that accumulate for substantial long-term benefits.
While Berkshire has a bit more ground to cover than Alphabet, its market cap averaged $1.1 trillion last year. If Nvidia’s shares rise at the annual 11.5% expected, Berkshire would need a 29% CAGR to catch up in a decade. This raises some intriguing queries about Nvidia’s future performance. If Berkshire managed a 15% annual gain, it might reach Nvidia’s current $4.4 trillion valuation.
That’s still more than the S&P 500 index’s past decade average, or Berkshire’s 14.4% annual increase during Warren Buffett’s leadership:
Of course, it’s uncertain whether Berkshire will surpass Nvidia by 2036. However, I think that, as Nvidia’s shares fluctuate wildly, a steady growth under new management for Berkshire could yield strong results for years to come. While Berkshire’s varied business model should keep it relevant, I can’t say the same for Nvidia.
Even if Berkshire doesn’t quite manage to outpace Nvidia’s market cap in ten years, the potential for excellent returns for long-term investors is still very much there. Companies like Berkshire that evolve continuously should remain strong beyond that point.
