Could This Be the Best AI Stock to Buy for the Next Decade?

I suspect few people would argue that Nvidia (NVDA 0.53%) has been the most important player in artificial intelligence (AI) over the last decade. Its stock performance proves it: Nvidia’s shares have skyrocketed more than 224x during the period.

The chances look good that Nvidia will continue its winning ways over the next 10 years. But could Google parent Alphabet (GOOG +1.08%) (GOOGL +1.09%) actually be the best AI stock to buy for the next decade?

AI is a big tent

One challenge with singling out any AI stock as the best is that AI is a really big tent. Since OpenAI’s launch of ChatGPT three years ago, large language models (LLMs) have been the center of attention in the AI world. However, these models represent only one part of the broader AI ecosystem.

Cloud platforms are another important component. Many AI systems are developed, trained, and deployed in the cloud. That’s where AI chips come into the picture. Nvidia’s GPUs remain the gold standard in powering the servers that run AI models.

Perhaps the most important area of AI, though, is in how the technology is applied. For example, Tesla (TSLA +0.09%) is betting that AI-powered robotaxis and humanoid robots will become massive markets over the next decade and beyond.

Meta Platforms CEO Mark Zuckerberg (META +1.80%) thinks that smart glasses are the ideal device for harnessing the power of AI. He explained in the company’s second-quarter earnings call earlier this year that smart glasses “can let an AI see what you see throughout the day, hear what you see, talk to you.” Meta is also investing heavily in AI superintelligence (ASI), which could be the ultimate use of AI.

Alphabet checks off all the boxes

You could make solid arguments that Nvidia, Tesla, or Meta could be the best AI stock to buy for the next decade. However, I think Alphabet tops all of them for a simple reason: It checks off all the AI boxes.

The recently released Google Gemini 3.0 is Alphabet’s most powerful LLM yet. Some even say that it’s the best AI model period. While others will undoubtedly disagree with that claim, Alphabet is well-positioned to remain among the leading developers of AI models going forward.

More AI apps are being built and deployed in Google Cloud than ever before. Although Alphabet’s unit isn’t the largest cloud services provider, it’s growing faster than bigger rivals Amazon (AMZN +0.18%) Web Services (AWS) and Microsoft (MSFT +0.48%) Azure. Google Cloud’s AI chips are also gaining traction in the marketplace as an alternative to Nvidia’s GPUs.

Alphabet is ahead of Tesla in the robotaxi market. Its Waymo unit already provides autonomous ride-hailing services in five cities and is preparing to expand into 12 new ones (including its first foray outside the U.S. – London, England).

What about robots? Alphabet has them, too. Its Gemini Robotics models take AI into the physical world and has teamed up with Apptronik to build humanoid robots.

You can also put checkmarks next to smart glasses and ASI. Alphabet is bringing Gemini to smart glasses in a partnership with Warby Parker (WRBY +1.90%). Google DeepMind CEO Demis Hassabis believes that artificial general intelligence (AGI), the stepping stone to ASI, could be available soon after 2030.

Want more AI boxes for Alphabet to check off? No problem. The company’s Google Workspace productivity tools are a natural fit for incorporating agentic AI. Google is moving rapidly to develop a universal AI assistant. And I can’t leave out that generative AI is also boosting Google Search traffic.

The best AI stock for the next decade?

I doubt that Alphabet will be the best-performing AI stock over the next 10 years. My guess is that some smaller players – some of which we may not even have heard of now – could deliver greater gains.

However, investing involves both the potential of reaping rewards and taking risks. I believe that Alphabet offers the best overall risk-reward proposition of any AI stock on the market right now. That’s enough for me to declare it the best AI stock to buy for the next decade.