Nvidia Leads AI Upside, Alphabet Plays the Steady Cloud Engine

Nvidia still dominates AI compute with GPUs and faster growth, while Alphabet offers a niche TPU alternative and steadier, diversified cash flows from Google Cloud and other non‑AI businesses. Nvidia appears cheaper on forward earnings with higher upside, but Alphabet provides resilience and a balance of AI exposure; both are solid AI plays, with Nvidia carrying AI spending risk and Alphabet offering steadiness.