Broadcom CEO Hock Tan believes that the spending frenzy on Artificial Intelligence (AI) will continue until the end of the decade, driven by growing demand for advanced technologies. This prediction comes as companies invest heavily in AI research and development to stay competitive in the rapidly evolving technology landscape.
With AI spending expected to reach significant heights, experts expect this trend to persist for several years. As a result, investors are taking note, leading to increased interest in the sector.
Source: https://www.ft.com/content/5b4160b7-6920-4bf2-a1a8-f1404b513d8f