JPMorgan analyst Harlan Sur has offered important insights into current trends in cloud and hyperscale datacenter infrastructure spending. On Sunday, he emphasized the increased focus on AI and accelerated computing.

This trend – as supported by insights from major players likeMicrosoft Corp(NASDAQ:MSFT),Alphabet Inc(NASDAQ:GOOG) (NASDAQ:GOOGL), andMeta Platforms Inc(NASDAQ:META) – points towards a robust multi-year spending cycle for AI infrastructure build-out.

Per their latest earnings reports, these companies are directing their investments towards GPUs, custom AI compute processors (ASICs), and networking infrastructure. This spells good news for chip manufacturers likeBroadcom Inc...