Equity markets are anticipating a roughly 50% revenue growth for these firms from current levels by the end of 2025.
“These upgrades are expected to broaden from semiconductor and cloud firms to the broader datacenter stack by 2025H2,” economists wrote in a note. Meanwhile, AI adoption by US firms remains modest, with only 5% currently using AI in production, Goldman noted. In contrast, the information, administrative, and educational sectors reported declines of at least 1 percentage point. Cloud-related firms anticipate the highest increase in AI adoption over the next six months, the note states.
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