Core News Facts
Nvidia maintains a 92% share of the data center GPU market, with its expected revenue projected to reach $200 billion this year. The company is set to launch its next-generation architecture, including a CPU called Vera and a GPU called Rubin, next year.
According to McKinsey & Company, global technology spending on data centers is expected to hit $6.7 trillion by 2030, driven largely by AI processing power demands, which will account for $5 trillion of the total. Amazon Web Services (AWS) leads the cloud market with about 30% share, while Microsoft’s Azure holds approximately 21%.
Arista Networks is projected to generate $8.4 billion in sales this year, a 20% increase from last year’s $7 billion. Broadcom’s AI-related semiconductor sales have risen 46% year-over-year in Q2, with overall earnings expected to grow 23% annually over the next three to five years.
