Core Insights - Nvidia, AMD, and Broadcom are leading companies in the AI sector, with significant revenue potential that is not fully recognized by investors [1][5] - JPMorgan anticipates sustained positive revisions to AI revenue estimates as visibility improves and new capacity deals are announced [2][3] Company-Specific Insights - Nvidia is projected to generate $35 billion to $40 billion per gigawatt, particularly with the upcoming Rubin and Rubin Ultra platforms [8] - AMD's new Helios platform is expected to reach $20 billion per gigawatt, with a potential $30 billion+ in annual revenue from its deal with OpenAI [8] - Broadcom is estimated to generate approximately $27 billion per gigawatt with XPUs, and full deployment from OpenAI could yield $70 billion to $90 billion over three years [8] Industry Trends - The AI hardware supercycle is emerging, driven by the demand for next-generation data centers powered by GPUs and XPUs [5][6] - JPMorgan notes that the wattage and cost of next-generation data centers are central to the revenue generation for chipmakers [6] - There is a growing AI market, referred to as "a growing AI pie," which is expected to significantly boost earnings for Nvidia, AMD, and Broadcom [3]