Marvell Technology has reported a remarkable 98% year-over-year revenue increase in the data center market, driven by AI-related demand and growth in solid-state drive controllers.

TSMC's competitive valuation metrics include a forward price-to-earnings ratio of 22.79, a price-to-sales ratio of 13.06, and a price-to-book ratio of 8.39, all aligning with industry averages.

Taiwan Semiconductor Manufacturing Company (TSMC) is the largest AI chipset manufacturer, anticipating a significant surge in its AI processor revenue, which is expected to triple in 2025, contributing to 15% of its total revenues.

Currently, TSMC is experiencing high demand for its advanced technologies, particularly its 3-nanometer (nm) and 5nm processes, as it ramps up production of 3nm chips and develops 2nm technology.

Investors are encouraged to focus on AI hardware manufacturers with favorable Zacks Rankings, which include TSMC, QUALCOMM, International Business Machines (IBM), Broadcom, and Marvell Technology.

QUALCOMM is evolving from a mobile communications firm to a connected processor company, benefiting from the rollout of 5G and partnerships, including one with Google for generative AI solutions.

The past two years have seen a significant bull run on Wall Street, largely fueled by advancements in artificial intelligence technologies, particularly generative AI.

Companies that leverage AI in their products have witnessed stock price increases of 300-400%, reflecting the growing importance and impact of AI in the market.

UBS projects that four major U.S. tech companies from the 'Magnificent 7' will spend approximately $267 billion on AI applications in 2025, marking a 33.5% increase from the previous year.

Bloomberg Intelligence forecasts that spending on generative AI will soar from $67 billion in 2023 to an astounding $1.3 trillion by 2032.

PricewaterhouseCoopers estimates that the economic impact of generative AI could reach around $15.7 trillion by 2030.

Broadcom has experienced substantial growth in AI connectivity revenues, bolstered by its acquisition of VMware and strong partnerships with major tech companies.