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Benzinga

Business

Anusuya Lahiri

AI's $1.2 Trillion Growth Will Rest On Data Centers And Power, Not Financing Schemes

Vivek Arya Nvidia OpenAI AMD Bank of America Securities Semiconductor United States AVGO Broadcom

AI3d,Graphics,Concept:,Big,Data,Center,Female,Chief,Technology,Officer

Investor fears about vendor financing in the U.S. semiconductor industry are overstated, according to Bank of America Securities analyst Vivek Arya.

The fundamental drivers of AI growth will be data center expansion and access to power, rather than financing gimmicks, he added.

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