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2 Chip Stocks That J.P. Morgan Says Could Dominate the Critical AI Market

On Thursday, analyst Harlan Sur told investors the $14 billion high-end ASIC [application specific integrated circuits or specially made custom chips] market will grow by 20% a year into the future. “Custom chip design activity has accelerated over the past few years and a good example is the aggressive adoption of generative AI which is driving accelerating demand for custom chip (ASIC) AI compute accelerators,” he wrote.
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