AI may still be in its hype cycle, but companies are booking revenue and making forecasts

now because of it.

Dear Durbosa, looking at the week AI got real on Wall Street for today's Tech Check,

dear Joe, this is one we're going to remember, huh?

Exactly, this may be the week we remember and say everything suddenly got real and yes

folks are going to say especially here in

technology that it's been here for years it's changed the way we search and

choose movies but dollar and sense-wise what investors care about the market

really started to see its impact this week in the hundreds of millions and billions

of dollars.

Most glaringly, Envidia, Bank of America this morning writes,

Envidia pulled forward the substance of the theme and raise the bar.

So if your company is still randomly saying AI on conference calls with no actual users,

product revenue, revenue roadmap, the market will sniff you out. Enter Marvell's number. Last night it reported that

AI revenue is expected to double this year to 400 million dollars.

Notes generative AI is driving multi-year demand for custom silicon.

25% pop today, more than that now, 27%.

On the other side of that equation, though,

we are seeing artificial intelligence cost companies money also,

Microsoft, Amazon, Google, Cloud units, hyperscalers.

They need to now upgrade their servers and infrastructure on the back so that their customers

can run their own generative AI models.

...