Artificial intelligence (AI) is a technology that copies how people think and process information, making it useful for companies in many innovative fields. AI chips process large amounts of data in emerging AI technology. As an essential component, companies involved in the design and manufacturing of AI chips are likely to benefit from the growth of AI development. In 2023, the AI sector attracted a lot of media coverage and investors. The potential size of the AI market is still unknown because we keep finding new ways to use AI technology. AI chip companies in this list are likely to benefit from the growing interest in the AI market.
Report: Google may partner with MediaTek to develop AI Chips, and Broadcom's exclusive supply may be impacted.
Google plans to collaborate with Broadcom's competitor MediaTek to develop some AI Chips TPU. Analysts believe this could weaken Broadcom's exclusive supply rights to Google's TPU, but Broadcom is still actively negotiating with Google. Part of the reason Google chose MediaTek is that its chip Quote is lower. On Monday, Broadcom's stock fell nearly 4% during trading.
Hyperfine, Nvidia Partner To Make Brain MRIs More Affordable
'Deep Discounted' Picks by KeyBanc: Oversold Stocks Amid Recent Market Volatility
D-Wave, Quantum Computing Inc. and Other Quantum Stocks Are Rallying: What's Going On?
Dow, S&P, and Nasdaq Trade Mixed Ahead of FOMC Rate Decision
Tesla, Rivian, Aurora Highlight Tech: Autonomous Opportunities, Analyst Sees 'Attractive Profit Opportunity'