Two AI Stocks Poised to Outperform in the Next Bull Market

As artificial intelligence adoption accelerates across industries, a handful of large-cap names stand out as potential leaders when markets turn higher. Two companies in particular — NVIDIA and Alphabet — combine durable competitive advantages, strong revenue exposure to AI workloads, and multiple near-term catalysts that could drive significant earnings expansion in the next bull market.

NVIDIA (NVDA) is widely recognized for its GPUs, which remain the industry standard for training and running large AI models. The company’s dominant share in data-center accelerators, ongoing product cycle upgrades, and expanding software stack create a structural growth runway. Key catalysts include continued enterprise AI deployments, growth in hyperscaler spending, and expansion into new markets like inference-optimized chips and AI servers. Investors should weigh these growth drivers against valuation multiples and the cyclical nature of semiconductor demand.

Alphabet (GOOGL) brings a different but complementary AI exposure: massive cloud infrastructure, proprietary models, and ubiquitous consumer-facing products. Google Cloud’s AI services, combined with the company’s large-scale data and research capabilities, position Alphabet to monetize generative AI across advertising, cloud, and productivity suites. Product integration across Search, Workspace, and Cloud plus steady ad-revenue resilience are potential upside levers. Risks include competitive cloud pricing, regulatory scrutiny, and execution in enterprise sales.

Both names present strategic advantages but also distinct risk profiles. NVIDIA’s growth is more hardware- and cycle-dependent, making it sensitive to chip-capacity dynamics and demand swings. Alphabet’s AI path relies on software monetization and ad markets, which can be lumpy. Valuation matters: investors chasing upside should consider position sizing, time horizon, and diversification, as market leadership can shift quickly in technology-driven rallies.

For investors planning for the next bull market, NVIDIA and Alphabet represent two different ways to gain AI exposure — one via compute infrastructure and one via AI-enabled software and services. A balanced approach that assesses fundamentals, upcoming catalysts, and downside scenarios can help navigate potential volatility while capturing long-term secular gains from AI adoption.