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GPU, Accelerator Sales Hit $54B in Q2 2024, Fueled by Cloud Demand
📅 - Dell'Oro Group, a trusted source for market statistics in networks, data centers, telecommunications, and security, has released new research revealing that sales of GPUs and accelerators reached a record $54 billion in the second quarter of 2024. This surge was largely driven by the growing demand in the hyperscale cloud market for GPUs and custom accelerators.
According to Baron Fung, Senior Research Director at Dell'Oro Group, server and storage system component sales increased by 127% year-over-year, setting a new high. The demand was primarily fueled by accelerators, including GPUs, bespoke accelerators, high-bandwidth memory (HBMs), and Ethernet adapters for generative AI [...][... Check source for end of article ...]
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