Prediction: This Unloved AI Stock Has What it Takes to Outrun NVIDIA

The article argues that as Nvidia (NVDA) remains rangebound, investors may rotate into AI names with clearer monetization, notably Alphabet. BNP Paribas set a $390 target for Alphabet—implying ~29% upside—and the piece highlights Alphabet’s relatively modest 28.1x trailing P/E and its AI catalysts (Gemini rollouts, Waymo expansion). The author suggests Alphabet could outperform Nvidia in 2026 if mega-cap tech sentiment continues to correct, shifting flows toward firms delivering concrete AI revenue. Market impact: potential reallocation within large-cap tech, boosting Alphabet’s shares and valuation while keeping Nvidia under pressure until fresh catalysts emerge.