All articles tagged with #growth driver
Advanced Micro Devices (AMD) anticipates that artificial intelligence (AI) will be its primary growth driver, but investors may need to wait until 2025 to see significant results. The company's focus on AI reflects its long-term strategy, although immediate returns may not materialize as quickly as some investors hope.
Intel aims to provide core processors for up to 100 million AI-enabled PCs by 2025, with plans to deliver 40 million AI PCs this year and 60 million next year, representing more than 20% of the projected total global PC market in 2025. This move comes as the tech industry seeks its next growth driver, with Intel focusing on AI-enabled PCs to drive future growth.
A new AI partnership between Snowflake and Nvidia is seen as a potential growth driver for Snowflake, a cloud-based data-warehousing company, by Wall Street analysts.
Marvell Technology beat Wall Street's targets for its fiscal Q1 earnings and outlook, with adjusted earnings of 31 cents a share on sales of $1.32bn. The company expects to profit from growing investments in artificial intelligence, which it calls a key growth driver. Marvell forecasts its AI revenue in fiscal 2024 to at least double from the prior year and continue to grow rapidly in the coming years. In after-hours trading, MRVL stock jumped 14.1% to $56.43.