Overview
- JPMorgan projects AI accelerator outlays to top $200 billion in 2025, with roughly 50% compound annual growth.
- Nvidia holds an estimated 80–90% share of AI accelerators, with Q4 FY2026 results due February 25.
- Broadcom controls about 55–60% of custom AI chips; CEO Hock Tan said AI chip sales rose 74% year over year, and Q1 FY26 results arrive February 26.
- Micron shares have surged on high‑bandwidth memory demand, yet the company can meet only half to two‑thirds of major customer needs; Q2 FY26 results are set for April 1.
- The bank expects most chipmakers to meet or beat Q4 estimates with upbeat 2026 guidance, and it also highlights Marvell, Analog Devices, KLA, Synopsys, MACOM, and Astera Labs as beneficiaries of AI data‑center buildouts.