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TTGT
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147 days

AI Powers Record 2024 Revenue, but Automotive and Industrial Struggles Linger Says Omdia

1. 2024 sees semiconductor revenue soar 25% to $683 billion, driven by AI chip demand. 2. High bandwidth memory for AI GPUs achieved 74% growth, indicating future market potential.

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-4.14%Current Return
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$15.3303/25 07:49 AM EDTEvent Start
$14.69503/26 02:22 PM EDTLatest Updated
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FAQ

Why Bullish?

The growth in the semiconductor sector suggests strong demand for technology, which TTGT may benefit from. Similar patterns in past tech booms have shown corresponding stock price increases for related companies.

How important is it?

The semiconductor market's growth is pertinent as it indirectly impacts TTGT through increased demand for technology solutions, positioning TTGT favorably in an expanding market.

Why Long Term?

Sustained demand for AI-related technologies like semiconductors can lead to prolonged revenue growth for companies like TTGT. Historical trends indicate that tech sectors often evolve positively following significant advancements.

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LONDON--(BUSINESS WIRE)-- #AIchips--2024 marked a record-breaking year for the semiconductor market with annual revenue surging approximately 25% to $683 billion according to Omdia's Competitive Landscaping Tool. The sharp rise was attributed to strong demand for AI-related chips, particularly high bandwidth memory (HBM), used in AI GPUs, which contributed to a 74% year-over-year growth in the memory segment. The rebound in memory helped lift the overall market after a challenging 2023. However, this reco.

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