3 AI Infrastructure Chip Stocks Investors May Eye After Nvidia Leadership Shock

Nvidia’s shock leadership shake-up has sent a jolt through AI infrastructure, suddenly throwing a spotlight on the companies that help power those data centers but do not carry Nvidia’s headline risk. When a giant stumbles, capital often moves quickly, and investors who understand where attention might rotate can gain an informational edge. This article explains how the news affects AI infrastructure and highlights three stocks directly exposed to it.

The three stocks in focus below are only a starting sample. The full screen on Simply Wall St surfaced 46 more large-cap chip and networking companies with AI infrastructure exposure and equally compelling narratives that are not covered here. To go straight to the source and identify, compare, and analyze potential non-Nvidia AI infrastructure chip opportunities, head into the Non-Nvidia AI Infrastructure Chipmakers screener.

Credo Technology Group Holding (CRDO)

Credo Technology Group Holding plugs directly into the Non-Nvidia AI Infrastructure Chipmakers theme, supplying the high-speed Ethernet and PCIe links that let GPUs and accelerators talk to each other inside modern data centers.

Credo Technology Group Holding generates about US$1.6b from semiconductors, focusing on SerDes-based connectivity for Ethernet and PCIe, and is valued at roughly US$26.3b. That combination of pure-play interconnect revenue and large-cap scale is what ties Credo so tightly to this AI infrastructure screen.

According to sorkdhkddlek, an investor in the Simply Wall St Community, the real story is how Credo is pushing beyond copper cables into the next wave of optical connectivity that AI data centers will likely rely on.

"DustPhotonics' 1.6T platform directly enables Credo to compete in the CPO market, where chips and optical components are packaged together for maximum bandwidth and minimum power."

The open question is how one shift in where hyperscalers choose to spend on interconnects will ripple through Credo’s margins and long-term growth trajectory.

That margin question is exactly what the full narrative for Credo Technology Group Holding unpacks, tracing how Credo Technology Group Holding’s connectivity bets could reshape its risk profile as AI data centers accelerate.

ON Semiconductor (ON)

ON Semiconductor brings the Non-Nvidia AI Infrastructure Chipmakers theme down to the wiring, supplying the power and sensing hardware that lets dense racks of GPUs and accelerators actually run, and the analyst consensus Narrative on Simply Wall St frames how big that role could become.

ON Semiconductor develops intelligent power and sensing chips used in AI data centers, autos and industrial gear, generating about US$3.2b from Power Solutions, US$2.2b from Analog & Mixed-Signal and US$900 million from Intelligent Sensing, with a roughly US$28.7b market cap.

"The company's investments in silicon carbide, vertical GaN and the Embedded Power Platform are now tied to a much larger AI data center opportunity, with management lifting its 2030 server and AI data center market estimate from about US$12b to nearly US$50b and targeting AI data center revenue growth at least 10 percentage points faster than the market."

The real swing factor is how one unresolved capacity and execution question filters through to future AI data center margins and cash generation.

That execution swing is exactly what the full narrative for ON Semiconductor unpacks, explaining how ON Semiconductor’s AI push could decouple earnings power from old cycles and reveal underappreciated upside.

Power Integrations (POWI)

Power Integrations gives this Non-Nvidia AI Infrastructure Chipmakers screen a pure play on high-voltage power conversion, feeding the energy needs of AI servers, networking gear, and a wide mix of industrial and consumer hardware.

Power Integrations generates about US$456 million from integrated circuits and related components and has a roughly US$2.6b market cap, giving you a mid-cap way to tap into AI-ready power electronics without leaving the broader applications that keep its revenue base diversified.

"Power Integrations' proprietary high-voltage GaN technology, now extending from 750 to 1700 V and up to 2,200 V and reaching into applications that have used silicon carbide, supports premium positioning in higher power systems and has the potential to lift average selling prices and gross margins."

Much of the long term upside will hinge on how one shifting mix between appliance-heavy demand and higher value AI data-center designs ultimately reshapes profitability.

That mix shift is exactly what the full narrative for Power Integrations unpacks. It maps how Power Integrations could turn AI power demand into accelerating returns while keeping the rest of the portfolio from stalling.

Seeking Alternatives Before The Crowd?

Fresh themes move fast. Breakout stories gain momentum, quiet winners stop flying under the radar and the best entry points get caught early. Consider your next steps carefully.

• Target potential income streams by scanning 6 dividend fortresses that aim to keep payouts flowing while prices move and income-focused investors reassess their positions.
• Look for early tech momentum by reviewing 43 profitable AI stocks that aren't just burning cash that already generate cash instead of burning it while attention remains on headline AI names.
• Explore long-term infrastructure exposure by checking 44 power grid technology and infrastructure stocks focused on grid-related projects while this area continues to attract interest.

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