The market for generative AI-enabled smartphones and PCs is expected to clock a CAGR of almost 35% through 2029, according to Global Market Estimates. What’s more, each AI-enabled smartphone and PC is expected to carry more memory content.A nice chunk of the stock’s gains have arrived since the beginning of 2023 when the artificial intelligence (AI) hype started building up. And now, AI is more than just hype for chipmakers, whose products are helping build the required infrastructure needed for the proliferation of this technology.
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