Artificial Intelligence Market Growth Accelerates

Recent transactions with Nvidia highlight the growing potential of the generative AI sector.

The Financial Times reported that Saudi Arabia acquired over 3,000 Nvidia H100 accelerators, emphasizing its commitment to AI software development. Additionally, the UAE has procured thousands of these chips, having previously established its expansive Falcon language model. Significantly, major Chinese internet companies have placed orders totaling $5 billion for Nvidia’s chips and GPUs.
The race for dominance in the artificial intelligence arena is intensifying, with corporations investing heavily in top-tier systems and hardware. Data centers reported a twofold increase in applications for AI infrastructure in 2024, signaling a surge in interest in recent months. Market analysts are now poised to reevaluate and potentially increase their projections.
As demand for hardware surges, the software market catering to AI model development and training is simultaneously expanding, revealing its own set of front-runners.
Leading tech publications suggest that, in the realm of generative AI models,’s offerings surpass the competition. Gartner has lauded, recognizing it as superior in product quality compared to its rivals. The firm was also recognized as the sole visionary in cloud services for AI developers in the prestigious Magic Quadrant report of 2023. stocks were added to the Veligera portfolio in Q1 2023.
Our team of analysts believes that the peak growth of the AI market is still on the horizon. For those contemplating an investment in market leaders like, the opportunity remains ripe. To explore an investment in, please consult our experts for guidance.

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