The next big technology frontier is artificial intelligence — and the hardware that powers it is a rapidly growing market, according to investment bank Oppenheimer.
Oppenheimer predicts the market for artificial intelligence hardware could be worth $105 billion by 2025.
AI refers to machines replicating characteristics and behaviors of human thinking. Advancements in semiconductors have accelerated development in AI computing through improved processing power.
“Artificial Intelligence, once the stuff of science fiction, has arrived,” Oppenheimer’s Rick Schafer said in a note. “Investors have taken note and rewarded early leaders like NVIDIA.”