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

1. Semiconductor market revenue surged 25% to $683 billion in 2024. 2. Strong demand for AI chips, especially HBM, drives this growth.

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Why Bullish?

The semiconductor industry's growth indicates strong demand, which positively impacts related companies like TTGT. Historical parallels can be drawn from past AI-related growth phases, leading to increased investments in tech stocks.

How important is it?

The demand for AI chips directly influences TTGT's market strategy. Increased industry growth can lead to increased revenue and investment opportunities for TTGT.

Why Long Term?

Continued reliance on AI technology suggests sustained demand for semiconductors, benefiting TTGT over time. Companies that adapt to emerging technologies typically experience long-term growth.

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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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