In the world of generative AI, Nvidia CEO Jensen Huang predicts a need for $1 trillion over the next few years to upgrade data centers. Nvidia has been a key player in this growth, leading to skyrocketing stock prices and big earnings announcements in the AI sector. Companies like Broadcom and Oracle have seen significant stock increases due to their involvement in AI accelerators and cloud infrastructure deals. The demand for high-speed networks in data centers is also on the rise as AI models require faster connections between processors. Even companies like Hewlett Packard Enterprise are benefiting from the AI boom on Wall Street. Nvidia remains a dominant force in the market, but competition is expected to increase as other tech giants like Apple expand their involvement in AI infrastructure. Suppliers are adapting to changing business models to accommodate the demands of generative AI, with hyperscalers representing a larger portion of overall demand. While the future of the AI boom is uncertain, for now, the focus remains on how many companies can ride the wave of generative AI success.
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https://www.ft.com/content/62875472-89f9-4fdf-b9be-076429e9ab25
