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AI server marketThe Motley Fool
•
81% Informative
AI server market could hit a whopping $187 billion in revenue this year , up by 69% from 2023 .
Several companies are already benefiting big time from this huge end-market opportunity.
Micron Technology and Marvell Technology make critical components that go into AI servers.
Marvell is known for manufacturing application-specific integrated circuits ( ASICs ).
Marvell is expecting its data center business's growth to "accelerate into the high teens sequentially on a percentage basis" in the current quarter .
Analysts are expecting Marvell 's earnings to increase at a compound annual growth rate of 21% for the next five years .
Its growth is set to accelerate thanks to the tremendous opportunity in the AI server market.
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