Posted 4/12/2024, 8:20:00 AM
AI Growth Boosts Arm Holdings, Supermicro
- Demand for AI infrastructure like chips and servers is skyrocketing, making related companies good investments
- Arm Holdings' chip architecture is used in most consumer electronics and its revenue is projected to grow over 40%
- Microsoft and Apple are expanding partnerships with Arm as AI spending increases
- Super Micro Computer supplies servers and hardware for AI systems and its revenue more than doubled last quarter
- The AI server market is estimated to grow from $38 billion to over $177 billion by 2032, benefiting Supermicro