Nvidia's results after the bell today are hotly anticipated. Other companies in the semiconductor ecosystem are trying to monetize new AI demand, but they're not yet coming close in magnitude.
. But perhaps the bigger question for investors is what other companies are already benefiting and monetizing demand for artificial intelligence.
One of the lesser-known names making an AI pitch is Synopsys . Chipmakers use the company’s software to design and verify their products. Synopsys’ incoming CEO Sassine Ghazi told Yahoo Finance Live that AI currently accounts for about 10% of sales, and is only in its early stages. "With AI, in order to make it happen and a reality, you need more sophisticated chips in the cloud or in the datacenter as well as more sophisticated chips on the edge. With those two factors, the demand for semiconductors is unprecedented," said Ghazi, who is set tothird-quarter revenue rose by 19% to $1.49 billion, and forecast fourth-quarter earnings that beat analysts’ estimates.
Like Synopsys, Applied Materials sees most of the demand for AI in its future. The largest manufacturer of chipmaking equipment last week reported earnings, saying equipment for AI now accounts for 5% of its total sales, compared with 20% for datacenter and 10% to 15% for IoT. AMAT Chief Financial Officer Brice Hill said peers have discussed a growth rate of 30% to 50% for AI demand.
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