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Key Points
- Nvidia, TSMC, and ASML are key players in AI infrastructure.
- Meta is heavily investing in AI and is well-positioned for growth.
- Alphabet is making significant advancements in AI technology.
Artificial intelligence (AI) is increasingly integral to technology investment strategies, and several companies lead the way in this sector.
Nvidia (NASDAQ: NVDA)
Nvidia holds over 90% market share in the GPU market as of Q1, with data center revenue surging more than 9x over the past two years. The company reported $567 million in auto segment revenue last quarter and projects $5 billion for the year.
Taiwan Semiconductor Manufacturing (NYSE: TSM)
TSMC, the world’s leading semiconductor contract manufacturer, produces 73% of its chips using nodes of 7nm or smaller. It has secured future supply contracts with Apple for its 2nm line.
ASML (NASDAQ: ASML)
ASML maintains a near-monopoly on extreme ultraviolet lithography technology for chip manufacturing. It shipped its fifth High NA EUV system last quarter to major semiconductor manufacturers, highlighting its critical role in the industry.
Meta Platforms (NASDAQ: META)
Meta’s ad impressions rose 5%, with pricing increasing by 10% in Q1. The company is investing in AI to enhance engagement and targeting on platforms such as Facebook and Instagram, which reported user growth across its messaging apps WhatsApp and Threads.
Alphabet (NASDAQ: GOOGL)
Alphabet integrates AI into its products, achieving a 28% revenue increase in its cloud computing unit in Q1. Its Chrome browser holds a 65% market share, while the company leverages extensive user data to enhance AI capabilities in search.
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