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According to Stocklytics.com, AI chip market revenues will exceed $126 billion by 2027.
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As of 2022, the Artificial intelligence chip market revenues raked in nearly $45 billion and $54 billion in 2023. This emphasized the fast-paced expansion rate of the AI chip industry.
The site’s financial analyst, Edith Reads, comments:
“AI chips are the new talk in the tech industry even as Intel plans to unveil a new AI chip, the Gaudi3. This threatens to throw out Nvidia and AMD chips off their game next year. Nvidia is still the dominant corporation in AI chip models. However, its explosive market standings may change given that many new companies are showing interest in the AI chip manufacturing race.”
Nvidia is pre-eminent in Artificial chip development after seeing its stock rise to an astounding 230% year to date. Its chips have flooded the market. Thus cementing a monopolized foothold for itself in the AI industry. Openai’s ChatGPT uses Nvidia GPUs, which is another reason it is getting the lion’s share of market standings.
The full story and statistics can be found here: AI Chip Market Revenues to Surpass $126 Billion by 2027
