Cloud AI absorbs resources as non-AI semiconductors face prolonged downturn

Investment in AI data centers remains strong, but semiconductor growth is increasingly concentrated in cloud AI. The long-running decline in consumer technology prices has come to an abrupt halt, while the non-AI segment faces a prolonged downturn.

• AI data center investment remains strong
• Semiconductor growth is concentrated in cloud AI
• The long decline in consumer tech prices has stopped
• Non-AI semiconductor segment faces a prolonged downturn