How Big Is the AI Accelerator Market? AMD, Broadcom, Nvidia, SK Hynix, TSMC

AMD estimates AI Accelerators will reach US$500bn by 2028 ($45bn in 2023).  Accelerators increased by 150% in 2024, reaching US$113bn. Based on TSMC CoWoS, we  expect 115% growth over 2025-26, $276bn in 2026.  

TSMC makes all the chips. HBM is dominated by Hynix, Micron in 2nd place. Nvidia should remain the dominant vendor for years. AMD and Broadcom should grow faster than NVDA. Outsourcing: Alchip, Marvel, Mediatek.