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TTGT TechTarget Inc

18.46
-0.80 (-4.15%)
24 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
TechTarget Inc NASDAQ:TTGT NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.80 -4.15% 18.46 18.16 18.76 19.11 18.30 19.02 167,013 22:00:00

Omdia: Demand for Google's TPU chips accelerates challenging NVIDIA's dominance

18/12/2024 11:11am

PR Newswire (US)


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LONDON, Dec. 18, 2024 /PRNewswire/ -- Omdia's latest research highlights the rapid growth in demand for Google's Tensor Processing Unit (TPU) AI chips, a trend that may be strong enough to start chipping away at NVIDIA's market dominance in GPUs. 3Q results from Broadcom, whose Semiconductor Solutions division acts as a custom chip outsourcing partner for Google, Meta, and several other AI players, give our analysts some insight into purchasing trends and information that is typically kept under wraps – how many custom processors is Google buying?

Omdia Logo (PRNewsfoto/Omdia)

Broadcom's CEO Hock Tan has repeatedly revised up his target for AI semiconductor revenue, aiming for $12bn for this year. Based on this, it is estimated that Google's TPUs could account for somewhere between $6bn – close to Omdia's existing estimates - and $9bn, depending on the breakdown between compute and networking devices. This figure includes a substantial number of Meta's MTIA chips, with a project for a mysterious third client expected to ramp up in 2025.

Alexander Harrowell, Principal Analyst at Omdia noted: "Even though there is some uncertainty in the exact ratio between compute and networking devices, shipments of TPUs, even at the lower $6bn estimate, are growing at a pace fast enough to take share from NVIDIA for the first time. It's worth noting that Google's Cloud Platform business continues to grow as a share of Google's revenue while improving profitability. This could indicate that TPU-accelerated instance types or AI products running on TPUs are driving the growth at Google Cloud, especially as accelerator instance types are high-margin products."

ABOUT OMDIA
Omdia, part of Informa TechTarget, Inc. (Nasdaq: TTGT), is a technology research and advisory group. Our deep knowledge of tech markets combined with our actionable insights empower organizations to make smart growth decisions.

Contact
Fasiha Khan: fasiha.khan@omdia.com

 

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SOURCE Omdia

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