The artificial intelligence (AI) industry, which automates tasks traditionally performed by humans through software and systems, has seen a significant boom in 2023. As investors' primary focus, the sector's success is largely attributed to machine learning, with applications spanning various industries. According to PwC, AI could contribute an additional $15.7 trillion to the economy by 2030, including $6.6 trillion from increased productivity and a $9.1 trillion boost in consumption.
An expected uptick in graphics processing unit sales is likely to come with unintended consequences for Nvidia.
Intel is a customer of Taiwan Semiconductor Manufacturing, but the complex relationship does not end there.