On July 16, Nvidia reached a $3 trillion market cap, driven by the soaring demand for AI technology. The company's GPUs are pivotal in powering the AI boom across various industries. However, Nvidia faces growing competition from AMD and Intel, which are innovating to challenge its dominance in the AI chip market. Investors are increasingly looking beyond Nvidia, diversifying their AI portfolios with other promising stocks and ETFs. The Motley Fool highlights several alternative AI investments, including a notable AI ETF available for under $1000. Despite Nvidia's success, there are concerns about a potential tech bubble similar to the dotcom era. The Motley Fool Canada also offers insights on AI investments.