In the first half of the year, Nvidia saw a significant increase in its stock price and reported strong earnings. While Nvidia remains a dominant player in the AI chip market, there are two other companies that offer better bargains for investors. Intel, despite falling behind in the AI race, has recently focused on AI and launched new AI products, including the cheaper and more efficient Gaudi 3 AI accelerator. Intel also aims to become a major chip manufacturer in the future.

Oracle, although trailing behind industry leader Amazon in cloud market share, has experienced rapid growth in its cloud services, attracting AI customers with its variety of offerings and lower prices. Oracle's revenue growth has been accelerating, and the company expects double-digit revenue growth for the full year. Both Intel and Oracle offer more attractive valuations compared to Nvidia.