One of the pillars of the artificial intelligence (AI) boom is the semiconductor. And when it comes to high-performance graphics processing units (GPUs), "Magnificent Seven" member Nvidia is at the forefront of the discussion. But even as demand is soaring for the company's A100 and H100 chips, smart investors realize that there are other opportunities alongside Nvidia.

Considering that stock is up 200% over the last year, it might be worth checking out the competition and looking for a better value. Let's dig into three of Nvidia's primary competitors and assess why each company could be a good buy right now.

In early April, (NASDAQ: INTC) made waves with an announcement about its new AI chip, the Gaudi 3. According to Intel, the Gaudi 3 has 1.5 times faster training and inferencing power over Nvidia's H100. Moreover, the chip uses 40% less power than Nvidia GPUs, offering customers nice savings.

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Source Fool.com