Artificial Intelligence (AI) Servers Are Set to Become a $187 Billion Industry in 2024: 2 Hot Stocks That Are Set to Soar Thanks to This Massive Opportunity

Shipments of artificial intelligence (AI) servers have shot up remarkably in the past couple of years as cloud service providers have been investing huge amounts of money in infrastructure that's capable of training AI models, as well as for AI inferencing purposes to deploy those models in real-world applications.Market research firm TrendForce estimates that the global AI server market could hit a whopping $187 billion in revenue this year, up by 69% from 2023. Several companies are already benefiting big time from this huge end-market opportunity. From chip manufacturers such as Nvidia to custom chip producers such as Broadcom and server solutions providers such as Dell Technologies, there are multiple ways to invest in the booming AI server market.In this article, however, we will take a closer look at the prospects of Micron Technology (NASDAQ: MU) and Marvell Technology (NASDAQ: MRVL), two companies that make critical components that go into AI servers.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool