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Global artificial intelligence (AI) spending is projected to reach $1.48 trillion by 2025, reflecting a growth of 49.7% from 2024, as reported by Gartner. Additionally, IDC forecasts that global AI infrastructure spending will hit $758 billion by 2029. Tech giants like Microsoft, Adobe, Alphabet, and Meta Platforms are leading innovations in AI technology, supported by companies like NVIDIA, Analog Devices, and Micron Technology that are prominent in AI chip production.
NVIDIA is capitalizing on AI demand with a projected growth in data center revenues attributed to its powerful GPUs. The company is collaborating with OpenAI to build large AI data centers, facing increased competition in autonomous vehicles where it partners with over 320 entities in the automotive sector. Micron Technology is also benefiting from strong demand for advanced memory solutions and plans to expand its role in AI infrastructure.
Analog Devices is seeing growth due to high demand for AI infrastructure and automation technologies. The company anticipates continued expansion in its industrial segment as AI investments increase. All three companies—NVIDIA, Micron Technology, and Analog Devices—are poised to benefit significantly from the growing AI market, which is reshaping various industries.
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