Tech Giants Poised for Growth as AI Demand Drives Record Revenues
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Nvidia is nearing a $2 trillion valuation as demand for AI computing explodes. The company's data center business drove record Q3 2024 revenue.
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Taiwan Semiconductor Manufactures chips for major tech companies developing AI solutions. It expects continued growth from robust AI demand.
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Microsoft is implementing AI across its consumer and enterprise products. GitHub and Azure show strong growth from AI offerings.
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Microsoft trades at a lower valuation than Nvidia, but has significant growth potential from AI along with its legacy businesses.
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Qualcomm and Apple are also named as companies working with Taiwan Semiconductor and poised to benefit from AI advancements.