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Nvidia Forecasts Fivefold Expansion in AI Infrastructure Spending
Nvidia (NASDAQ: NVDA) estimates that artificial intelligence (AI) infrastructure spending will surge fivefold in the coming years, creating significant opportunities for several companies.
Key Players Benefiting from AI Boom
Broadcom (NASDAQ: AVGO) has secured a $10 billion order from OpenAI for custom chips, with potential revenues from major clients expected to range from $60 billion to $90 billion by fiscal 2027. Advanced Micro Devices (NASDAQ: AMD) has positioned itself in the AI inference market, with notable usage of its GPUs by top AI players. Meanwhile, Taiwan Semiconductor Manufacturing (NYSE: TSM) anticipates a 40% compounded annual growth rate in AI chip demand through 2028, maintaining its status as the dominant semiconductor manufacturer amid increased industry competition.
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