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- An advanced chipmaking technology known as EUV "will enable the next wave of AI", according to Goldman Sachs.
- Goldman analyst Alexander Duval sees the tech boosting the semiconductor industry to over $1 trillion.
- "This is a gamechanger for the semiconductor industry. I'd say this isn't rocket science; it's harder than rocket science," he said.
The sensational debut of ChatGPT heralded the rise of artificial intelligence as a transformational technology this year, igniting a wave of excitement among investors and businesses.
The AI theme has taken the stock market by storm in 2023, fueling stunning rallies in tech names such as Nvidia, Meta Platforms and Tesla — and even helping broad equity indexes such as the S&P 500 to advance despite the looming risk of a recession.
But all that may be just the beginning.