Analysts Say Nvidia Could Outperform Alphabet and Amazon Over Next Three Years

Nvidia has been one of the best-performing stocks in the market over the past three and a half years.

Nvidia’s dominance in AI chips continues to drive strong investor optimism and market gains. (Photo: Nvidia)

However, analysts believe the company could extend that run over the next three years and potentially outperform Alphabet and Amazon combined during that period, Keithen Drury reported for Motley Fool.

That outlook could make Nvidia an attractive option for investors who believe they may have missed the company’s rally.

According to the report, substantial upside may still remain.

The primary driver of Nvidia’s performance continues to be the global AI infrastructure buildout. While the duration of elevated spending remains uncertain, many industry experts expect investment levels to remain high through at least 2030.

That suggests the AI spending cycle may still be in its early stages, even as investment continues to accelerate.

Major AI hyperscalers have told investors they plan to increase capital expenditures to record levels again in 2026 after already setting records in 2025. Spending could rise further in 2027.

During Alphabet’s recent first-quarter conference call, management said:

“Looking ahead, the strong results reinforce our conviction to invest the capital required to continue capturing the AI opportunity. As a result, we expect our 2027 CapEx to significantly increase compared to 2026.”