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AI infrastructure spending is projected to reach between $3 trillion to $4 trillion by 2030, driven by increased demand for artificial intelligence capabilities. Nvidia, a key player in this sector, reported a 56% increase in total revenue year-over-year and strong demand for its Blackwell chips, particularly from major clients like Google Cloud, which plans to spend $85 billion this year on data centers.
Broadcom recently secured a $10 billion custom chip deal with a significant AI customer, likely associated with OpenAI. The company reported a 63% year-over-year growth in AI-related revenue, contributing to a total of $5.2 billion, amounting to one-third of its business. Broadcom’s overall revenue is expected to increase by 22% this year, accelerating to 32% next year, as demand for high-performance networking products surges in AI applications.
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