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Key Facts
AI infrastructure spending is projected to reach $490 billion in 2024 and surge to $2.9 trillion by 2029. The market is heavily influenced by leading companies like Taiwan Semiconductor Manufacturing (NYSE: TSM), which commands approximately 70% of the semiconductor foundry market, and ASML (NASDAQ: ASML), the sole manufacturer of extreme ultraviolet lithography machines.
TSMC generates about 60% of its revenue from its advanced 3nm and 5nm chips, with plans to mass-produce 2nm chips. ASML anticipates a revenue growth from €28.3 billion ($32.85 billion) in 2024 to between €44 billion and €60 billion ($51.08 billion to $69.65 billion) by 2030, reflecting a potential compound annual growth rate of 13.2%.
As of now, both TSMC and ASML have seen their stocks rise by 47% this year, indicating a strong outlook as AI companies compete for market share in the booming sector.
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