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The semiconductor industry is projected to reach $611 billion in revenue this year, driven largely by the demand for AI technologies. Companies like Nvidia and Micron Technology are significant beneficiaries of this growth, with Nvidia's stock soaring 193% this year due to its dominance in AI graphics processing units (GPUs). Micron has also seen a 27% increase in its stock price, reflecting the rising demand for memory chips used in AI applications.
Nvidia controls 98% of the data center GPU market, with expectations of substantial revenue growth in the coming years. Meanwhile, Micron's revenue surged by 61% in fiscal 2024, driven by robust demand for its memory products. Both companies present compelling investment opportunities, but Micron's lower valuation may attract investors seeking a balance of value and growth.
• Nvidia's stock increased by 193% this year due to AI demand.
• Micron's revenue surged by 61% in fiscal 2024, driven by AI.
GPUs are essential for processing complex AI computations, particularly in data centers.
DRAM is crucial for AI applications, significantly impacting Micron's revenue growth.
HBM is used in AI chips, contributing to the increasing demand for Micron's products.
Nvidia is a leader in AI GPUs, significantly benefiting from the surge in AI demand.
Micron specializes in memory chips, experiencing growth due to rising AI-related needs.
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