3 Semiconductor Stocks Enjoy Boost Due To AI Demand: 'Outlook Remains Strong Through Next Year' – Markets Insider
In an era dominated by accelerated compute workloads, such as artificial intelligence (AI), the demand for robust networking and optical infrastructure has never been higher.
The OFC Networking conference in San Diego this week unveiled insights into the trajectory of this demand, setting the stage for significant growth in CY24 and CY25.
According to Harlan Sur, an analyst at JPMorgan, the landscape for semiconductor companies catering to networking and optical sectors presents promising opportunities.
“Bottom line, the AI-driven networking/optical demand outlook remains strong through next year,” Sur wrote in a research note.
Sur’s investment thesis highlights the pivotal role of three key players: Broadcom Inc (NASDAQ:AVGO), Marvell Technology Inc (NASDAQ:MRVL), and MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI).
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The outlook for AI-driven networking and optical demand remains robust, with Broadcom, Marvell, and MACOM poised to capitalize on the opportunities presented by this burgeoning market.
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