Nvidia and AMD Battle for AI Chip Dominance as Demand Surges; Microsoft, TSMC, Broadcom Also Ride High
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Nvidia is the leading provider of hardware like GPUs for AI development and its revenue growth has been very strong recently.
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Microsoft invested $10 billion in OpenAI and is integrating its AI capabilities across its software products to boost productivity.
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AMD's new MI300 data center GPUs are rivaling Nvidia and may be used by Tesla for autonomous driving development.
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Taiwan Semiconductor Manufactures over 50% of the world's chips including advanced GPUs for AI and is expecting strong revenue growth.
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Broadcom is involved in AI via data center networking equipment, cybersecurity software, and its VMware acquisition and its revenue is expected to surge 40% this year.