AI Market Growth and Key Players
The global AI market is projected to expand at a compound annual growth rate (CAGR) of 30.6% from 2026 to 2033, driven primarily by the adoption of generative and agentic AI technologies. Notable platforms like OpenAI’s ChatGPT and Anthropic’s Claude have contributed to this surge by popularizing AI tools among mainstream users.
Broadcom reported a 65% increase in sales of AI chips, reaching $20 billion in fiscal 2025, and anticipates revenue from AI will soar to between $60 billion and $90 billion by fiscal 2027. Analysts forecast that Broadcom’s revenue and adjusted EBITDA will grow at CAGRs of 47% and 46% respectively through fiscal 2028. Meanwhile, Alphabet expects its revenue and earnings per share (EPS) to grow at CAGRs of 19% and 16% over the same period, capitalizing on its extensive ecosystem, which integrates AI into services like Google Search and YouTube.
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