EVs Outrank AI Among Top Revenue Drivers For Semiconductor Industry In 2024: Survey
Portfolio Pulse from Surbhi Jain
A KPMG LLP and Global Semiconductor Alliance survey indicates that the automotive sector, particularly electric vehicles (EVs), is the top revenue driver for the semiconductor industry, with artificial intelligence (AI) ranking second. Microprocessors, including GPUs for AI, are seen as the top product opportunity for growth. Nvidia (NVDA) leads the AI chip market, followed by Qualcomm (QCOM) and AMD (AMD). Intel (INTC) has launched new products for servers and mobile AI PCs, joining AMD, Qualcomm, and Apple (AAPL) in the AI PC chip space. The survey also highlights the top functions for Gen AI implementation as R&D, marketing, and manufacturing.
December 26, 2023 | 7:41 pm
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POSITIVE IMPACT
Apple is acknowledged for its role in the AI PC chip market, which may support its continued innovation and revenue growth.
Apple's involvement in the AI PC chip market aligns with its focus on innovation and could contribute to its revenue, potentially leading to a positive short-term impact on its stock.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
AMD is mentioned as a major participant in the AI chip market, which could enhance its growth prospects and stock performance.
AMD's presence in the AI chip market is expected to contribute positively to its revenue, which may lead to an optimistic short-term outlook for its stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 70
POSITIVE IMPACT
Intel's launch of new AI products for servers and mobile AI PCs could strengthen its market position and impact its stock positively.
Intel's entry into the AI PC chip market with new product launches is a strategic move that could improve its competitive edge and is likely to have a favorable short-term impact on its stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
Nvidia is recognized as the market leader in AI chips, which could bolster its position and drive revenue growth.
Nvidia's leading position in the AI chip market is reinforced by the survey, suggesting continued dominance and potential revenue growth, which is likely to positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Qualcomm is identified as a significant player in the AI chip market, which may contribute to its revenue and competitive positioning.
As a major player in the AI chip market, Qualcomm is likely to benefit from the industry's growth in this area, potentially leading to a positive short-term impact on its stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 70