AI Boom Boosts Nvidia, AMD, Broadcom: JPMorgan Survey Forecasts Robust Future For Semiconductors
Portfolio Pulse from Surbhi Jain
A JPMorgan survey indicates a significant increase in AI infrastructure investment, forecasting robust growth for semiconductor companies like Nvidia, AMD, Broadcom, Marvell, and Arm. Over 75% of CIOs plan to allocate more than 5% of their IT budgets to AI hardware within three years, driving a 45% CAGR in AI spending. Cloud spending is also set to rise, benefiting companies like Intel, Micron, and Western Digital.
June 28, 2024 | 2:28 pm
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AMD is poised to benefit from the surge in AI spending and cloud infrastructure investments, reinforcing its position in the AI semiconductor market.
AMD is a key player in the AI semiconductor market and is expected to see continued revenue growth due to increased AI and cloud infrastructure investments.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Arm Holdings is poised to capitalize on the surge in AI spending, reinforcing its position in the AI semiconductor market.
Arm Holdings is a key player in the AI semiconductor market and is expected to see continued revenue growth due to increased AI spending.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Broadcom is expected to see increased demand for high-performance networking products, driven by the growth in AI and cloud infrastructure investments.
Broadcom is a key beneficiary of the AI boom, with increased demand for its high-performance networking products driven by AI and cloud infrastructure investments.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Intel is expected to benefit from the healthy growth outlook for cloud workloads, supporting strong CPU shipments.
Intel is expected to see increased demand for its CPUs due to the healthy growth outlook for cloud workloads.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Marvell Technologies is set to benefit from increased demand for its advanced chipsets, essential for AI and accelerated compute deployments.
Marvell Technologies is expected to see increased demand for its advanced chipsets, driven by the growth in AI and accelerated compute deployments.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Micron Technology is set to benefit from the robust demand for memory and storage solutions driven by cloud service provider growth.
Micron Technology is expected to see increased demand for its memory and storage solutions due to the growth in cloud workloads.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Nvidia is expected to benefit significantly from increased AI infrastructure investment, driven by robust demand from cloud service providers.
Nvidia is a frontrunner in AI compute and is expected to see significant revenue growth due to increased AI spending by enterprises and cloud service providers.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Western Digital is expected to benefit from the strong demand for storage solutions driven by the growth in cloud workloads.
Western Digital is expected to see increased demand for its storage solutions due to the growth in cloud workloads.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100