Verizon has launched Verizon AI Connect, a comprehensive suite of solutions designed to support the escalating demand for AI workloads at scale, particularly by hyperscalers, cloud providers, and global enterprises. This development aims to manage intensive AI computational needs, which are rapidly increasing due to the shift towards real-time AI inference. Early adopters of these solutions include prominent companies like Google Cloud and Meta, highlighting the necessity for robust network infrastructure to support these demanding AI tasks. Verizon's enhanced strategy capitalizes on its existing network assets to offer edge-to-cloud connectivity, demonstrating the strategic importance of telecommunications networks in the AI ecosystem.

In other trading, ASE Technology Holding was trading firmly up 2.9% and ending the day at NT$177.00. In the meantime, Advantest trailed, down 8.4% to end trading at ¥9,203.

Advantest's growth is driven by high-performance semiconductor demand and strategic enhancements in tester supply. Click to explore the narrative behind Advantest's positioning in AI and high-performance computing markets.

You may also want to explore our Market Insights article, "The AI Capex Cycle Shows No Signs Of Slowing Down," which examines the relentless capital expenditure in AI infrastructure, focusing on AI chip manufacturers like Nvidia, Broadcom, and TSMC, and underscores their ongoing significance in the AI industry.

Best AI Chip Stocks

• Advanced Micro Devices settled at $122.84 down 0.2%.
• QUALCOMM closed at $172.11 down 1.3%.
• NVIDIA closed at $142.62 down 3.1%.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Sources:

• Simply Wall St
• "Verizon unveils AI strategy to power next-gen AI demands" from Verizon Communications, Inc. on GlobeNewswire (published 24 January 2025)

Companies discussed in this article include TWSE:3711 NasdaqGS:AMD NasdaqGS:QCOM NasdaqGS:NVDA and TSE:6857.

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