<p><strong>Nvidia</strong> <span class="ticker-mention inline-flex items-center font-bold">(NVDA <span class="ml-1 text-red-900">0.11%</span>)</span> is having a moment you'll see in the next generation's business schools. Its chips have become the backbone of the modern AI boom, and Wall Street has rewarded that dominance with a staggering $4.5 trillion market cap as of Feb. 17, 2026.</p>
<p>Now, Nvidia is clearly a great company in the midst of an AI-flavored gold rush. But I'm interested in a long-term perspective today: Which businesses could plausibly have even larger market caps 10 years from now?</p>
<p>A decade is enough time for competitors to catch up, for customers to build more in-house, and for skyrocketing valuations to run into that most stubborn force in finance: gravity.</p>
<p>Let's talk about two businesses I think could be even larger than Nvidia by 2036, especially if Nvidia's hypergrowth slows down.</p><div><div id="foolcom_sidebar_top_container"></div></div>
<section><div><div><div><small><div>Expand</div></small></div><div><img alt="Nvidia Stock Quote" width="64" height="64" src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL05WREEucG5nJnc9MTI4?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL05WREEucG5nJnc9MTI4"/></div><div><h2>NASDAQ: NVDA</h2><div>Nvidia</div></div></div><div><div><div>Today's Change</div><div>(-0.11%) $-0.21</div><div>Current Price</div><div>$187.77</div></div><div></div></div></div><div><div></div><div><h3>Key Data Points</h3><div><div>Market Cap</div><div>$4.6T</div><div>Day's Range</div><div>$185.66 - $188.43</div><div>52wk Range</div><div>$86.62 - $212.19</div><div>Volume</div><div>38K</div><div>Avg Vol</div><div>177M</div><div>Gross Margin</div><div>70.05%</div><div>Dividend Yield</div><div>0.02%</div></div></div></div></section>
<h2>Alphabet's infrastructure and optionality could outgrow Nvidia's chip empire</h2>
<p><strong>Alphabet</strong> <span class="ticker-mention inline-flex items-center font-bold">(GOOG <span class="ml-1 text-red-900">0.13%</span>)</span> <span class="ticker-mention inline-flex items-center font-bold">(GOOGL <span class="ml-1 text-red-900">0.16%</span>)</span> is riding the AI train right alongside Nvidia. Its Google Cloud unit is one of Nvidia's largest customers as the company pumps billions of dollars into AI servers and data centers. As a result, the company's capital expense budget will approximately double in 2027, from $91 billion to roughly $180 billion.</p><div></div>
<p>But Alphabet isn't committed to Nvidia's AI hardware in the long run. It already has a custom-designed AI accelerator of its own, in collaboration with Broadcom <span class="ticker-mention inline-flex items-center font-bold">(AVGO <span class="ml-1 text-green-900">+0.19%</span>)</span> and <strong>Taiwan Semiconductor Manufacturing</strong> <span class="ticker-mention inline-flex items-center font-bold">(TSM <span class="ml-1 text-red-900">0.52%</span>)</span>. These Tensor chips are tailor-made for Google Cloud's specific AI processes, but Google may soon sell them to other hyperscalers.</p><div><div id="in_line_article_pitch_container"></div></div>
<div><img alt="A smiling person shrugs, as if weighing two options." width="880" height="587" src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NTY0NDgvaW52ZXN0b3Itd2VpZ2hpbmctdXAtb3B0aW9ucy0xMTI1ODk0NDc1LmpwZyZ3PTM4NDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NTY0NDgvaW52ZXN0b3Itd2VpZ2hpbmctdXAtb3B0aW9ucy0xMTI1ODk0NDc1LmpwZyZ3PTM4NDA"/>
<p>Image source: Getty Images.</p>
</div>
<p>And Alphabet isn't alone. Pretty much every AI software provider worth the name is at least considering in-house chip designs at this point. It's a crowded market, and I'm not sure that Nvidia will be able to charge ultra-premium prices for its accelerator chips much longer.</p>
<p>Meanwhile, the AI boom has more than tripled Google Cloud's quarterly revenues over the last three years while swinging from a mild operating loss at the end of 2022 to $5.3 billion of operating profit in Q4 2025. The company is also ready to roll with whatever punches might come next. The Alphabet umbrella organization was created to run lots of businesses that don't have much in common with the flagship Google brand. Self-driving Waymo taxis could be the next big money-maker, for example.</p>
<section><div><div><div><small><div>Expand</div></small></div><div><img alt="Alphabet Stock Quote" width="64" height="64" src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0dPT0dMLnBuZyZ3PTEyOA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0dPT0dMLnBuZyZ3PTEyOA"/></div><div><h2>NASDAQ: GOOGL</h2><div>Alphabet</div></div></div><div><div><div>Today's Change</div><div>(-0.16%) $-0.48</div><div>Current Price</div><div>$302.85</div></div><div></div></div></div><div><div></div><div><h3>Key Data Points</h3><div><div>Market Cap</div><div>$3.7T</div><div>Day's Range</div><div>$300.04 - $305.47</div><div>52wk Range</div><div>$140.53 - $349.00</div><div>Volume</div><div>662K</div><div>Avg Vol</div><div>37M</div><div>Gross Margin</div><div>59.68%</div><div>Dividend Yield</div><div>0.27%</div></div></div></div></section>
<p>How confident is Alphabet's management in the company's longevity? Well, as part of its funding for AI infrastructure expansion, the company recently issued a 100-year bond. That's not a firm promise that Google and/or Alphabet will be around in 2126, but the company will give it a go. How many companies can make that move with a straight face?</p>
<p>10 years is just a stepping stone on the way to that centennial bond's maturity. With a $3.7 trillion market cap, Alphabet is only 20% behind Nvidia's market-leading footprint.</p>
<p>If Nvidia's stock rises at a compound average growth rate (CAGR) of 11.5% over the next decade while Alphabet's CAGR works out to 14%, the two stocks would end up tied with roughly $13.5 trillion market caps. Small advantages can make a big difference over the years.</p>
<section><div><div><div><small><div>Expand</div></small></div><div><img alt="Berkshire Hathaway Stock Quote" width="64" height="64" src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0JSS0IucG5nJnc9MTI4?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0JSS0IucG5nJnc9MTI4"/></div><div><h2>NYSE: BRKB</h2><div>Berkshire Hathaway</div></div></div><div><div><div>Today's Change</div><div>(-0.40%) $-1.99</div><div>Current Price</div><div>$497.08</div></div><div></div></div></div><div><div></div><div><h3>Key Data Points</h3><div><div>Market Cap</div><div>$1.1T</div><div>Day's Range</div><div>$495.73 - $500.40</div><div>52wk Range</div><div>$455.19 - $542.07</div><div>Volume</div><div>83</div><div>Avg Vol</div><div>4.8M</div><div>Gross Margin</div><div>24.85%</div></div></div></div></section>
<h2>Boring compounding, blockbuster results</h2>
<p>That's exactly what <strong>Berkshire Hathaway</strong> <span class="ticker-mention inline-flex items-center font-bold">(BRKA <span class="ml-1 text-red-900">0.25%</span>)</span> <span class="ticker-mention inline-flex items-center font-bold">(BRKB <span class="ml-1 text-red-900">0.40%</span>)</span> is about -- small advantages compounding to massive moats over time.</p>
<p>Berkshire has more catching up to do than Alphabet, but its market cap has averaged $1.1 trillion over the last year. If Nvidia's stock gains 11.5% per year, as contemplated earlier, Berkshire Hathaway would need a 29% CAGR to close the gap in 10 years. That's a lot to ask, so I'm suggesting a weaker Nvidia performance in this comparison. If Berkshire rises at a 15% annual pace, it would land where Nvidia stands today, in the $4.4 trillion range.</p>
<p>That's just above the <strong>S&amp;P 500</strong> <span class="ticker-mention inline-flex items-center font-bold">(^GSPC <span class="ml-1 text-red-900">0.28%</span>)</span> index's average performance in the last decade, or Berkshire's 14.4% yearly gains in the last 10 years of Warren Buffett leadership:</p>
<p></p>
<p>BRK.B data by YCharts</p>
<p>Again, Berkshire might not actually eclipse Nvidia's market cap before 2036. But I do expect this stock to keep climbing at a steady pace for years or even decades, even under new management, while Nvidia's share prices bounce around like a squirrel on espresso. And Berkshire's diversified business model should keep the company relevant and financially healthy for decades to come, and I can't necessarily say that about Nvidia.</p>
<p>So, even if Berkshire falls short of flipping Nvidia's market cap in 10 years, a close call would still make plenty of money for long-term investors. The insurance-based conglomerate should keep thriving after that checkpoint.</p><div id="article_pitch_container"></div><div id="promobox_container"></div>

NVDX

GOOW

<p>The article discusses two companies, Alphabet and Berkshire Hathaway, that could potentially surpass Nvidia's market cap in the next decade. Alphabet is investing heavily in AI infrastructure and has developed its own AI chips, which may reduce its reliance on Nvidia. Meanwhile, Berkshire Hathaway, with a diversified business model, is expected to grow steadily, although it may need a higher growth rate to catch up with Nvidia. The analysis suggests that both companies have strong potential for long-term growth, even if they don't surpass Nvidia's valuation by 2036.</p>

- Nvidia's market cap reached $4.5 trillion as it leads the AI boom, prompting speculation about future competitors.  
- Alphabet's Google Cloud unit and its in-house AI chips position it as a potential rival, while Berkshire Hathaway is expected to grow steadily but may not surpass Nvidia’s cap in a decade.  
- Both companies, alongside Nvidia, are vying for dominance, with growth rates potentially leading to significant market valuation shifts by 2036.

Prediction: 2 Stocks That Should Be Worth More Than Nvidia 10 Years From Now