The global AI arms race is anticipated to reach a critical juncture by 2026, as investments in chips and infrastructure increase, driving global AI spending beyond $2 trillion, up from an estimated $1.5 trillion in 2025, according to Gartner. The AI infrastructure market is projected to hit $758 billion by 2029, largely fueled by demand for high-performance computing and storage solutions.
Key players benefiting from this surge include NVIDIA, Marvell Technology, and Micron Technology. NVIDIA’s revenue for Q3 fiscal 2026 increased by 62% year-over-year, with earnings projected at $4.65 per share, a 55.5% YoY increase. Marvell reported data center revenues of $1.52 billion in Q3 fiscal 2026, marking a 37.8% increase, with earnings expected to be $2.84 per share, an 80.9% rise. Micron is projected to see earnings leap to $31.36 per share, reflecting a substantial 278.3% YoY growth as it focuses on AI-driven memory solutions.
