Investing.com – Growing demand for artificial intelligence-powered TPUs (TPUs) from Google (NASDAQ:), a subsidiary of Alphabet Inc, according to a recent report from Omdia, an independent research and advisory firm. ., could challenge Nvidia (NASDAQ:) Corporation’s dominance in the AI semiconductor market.
According to the report, Hock Tan, CEO of Broadcom (NASDAQ:), has repeatedly revised his forecast for AI semiconductor revenue, estimating that it will reach $12 billion this year. Based on this, Google’s UPT revenues are estimated to be between $6 billion and $9 billion, depending on their split between computing devices and networking equipment, figures close to Omdia’s forecast.
These estimates also include a significant volume of MTIA chips produced for Meta (NASDAQ:), as well as a partnered project with a mysterious third customer, which is expected to see strong growth through 2025.
Alexander Harrowell, principal analyst at Omdia, points out that while hard numbers are lacking, the rapid growth of Google Cloud Platform services and their continued improvement in profitability could be enough to erode Nvidia’s market share, marking a first in this sector.
