3 stocks set to lead a booming AI networking market that will grow 5x to $10 billion by 2027, according to Bank of America
InfiniBand and ethernet can both be used for AI computer networks. Despite recessionary fears or pessimistic forecasts for 2023's stock market, mega-tech stocks have had one of their best years.
Stocks like Nvidia have already rallied to 198%, Meta to 130%, Microsoft to 40%, and Google to 37% for the year. The emergence of generative artificial intelligence, which creates new content or data, will accelerate demand for hardware in the next five years. But generative AI isn't like your average search engine. Developing the capacity for such a technology requires a heavy load of specialized hardware that can help speed up the machine learning process.
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