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Key Points
Artificial intelligence (AI) is projected to fuel market growth, with Statista estimating the AI market will grow at 26% annually, reaching $1 trillion by 2031. This growth is driven by increased investment in autonomous technology, machine learning, and natural language processing.
Taiwan Semiconductor Manufacturing
Taiwan Semiconductor Manufacturing (NYSE: TSM) reported a 35% year-over-year revenue increase in Q1, with earnings jumping 53%. The company, which produces over 11,000 chip products for more than 500 customers, expects its AI revenue to grow at a mid-40s percentage compound annual rate through 2029. It currently has a forward P/E ratio of 24.
Oracle
Oracle (NYSE: ORCL) has recently seen its stock price rise significantly, attributed to a 52% year-over-year revenue increase in its cloud infrastructure business, which comprises less than 20% of total revenue. The company anticipates 70% growth in this segment by fiscal 2026 and a 15% rise in total revenue on a compound annual basis through fiscal 2030.
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