Nvidia (NASDAQ: NVDA) has been a top performer in the AI race, with tripled revenue and a 149% stock increase in the first half of 2024. However, its valuation appears stretched with a high forward P/E ratio. Two AI server stocks, Super Micro Computer and Dell Technologies, are poised to outperform Nvidia. Super Micro Computer has seen significant growth, offering better value and growth projections than Nvidia. Dell Technologies, with a focus on AI servers, is experiencing rapid revenue growth and has a strong competitive position. Both companies have strong potential for earnings growth and superior returns compared to Nvidia. Investors should consider these alternatives for potential long-term gains in the AI market.