The AI chip sector has experienced a significant rally, driven by encouraging projections from both Micron and Qualcomm. This surge has resulted in an impressive $400 billion increase in stock value.
Qualcomm has notably predicted that its data center chip sales could reach $15 billion by 2029, further contributing to the positive sentiment in the market.
The forecasts from these key players in the technology sector have sparked considerable enthusiasm among investors, highlighting the growing importance of AI in the chip market.