Nvidia's stock has surged over 200% in 2023, fueled by high demand for GPUs in AI applications.

Nvidia's strong EPS projection of $24 by fiscal 2026 and dominance in the PC market bolster its market position.

The company is poised to keep its lead in the AI GPU market despite facing competition.

The AI industry is expected to grow at a rate of 37% through 2030, indicating continued investment opportunities.

Alphabet and Amazon are highlighted as alternative AI investment options for 2024, with both companies having significant growth potential.

Alphabet's extensive user base across platforms like Google and YouTube positions it well to capitalize on AI, with new developments like the AI model Gemini.

Amazon's increasing free cash flow and AI investments through AWS make it a strong contender in the AI space.

Alphabet may offer better value than Nvidia for investors based on key valuation metrics.