server

But beginning in the late 1990s, it became evident that enterprise software could be cloud-based, hosted on the software vendor’s servers, managed by the vendor, and paid for by subscription.

The company is also poised to benefit from the migration of computing work to the cloud from on-premise servers, Morgan Stanley found.

The company is projecting more than $20 billion in sales from AI servers this year, which would make it among the leaders in the field.

It said the U.S. “stood out,” with imports of semiconductors alone surging by 36%, while purchases of servers and automatic data processing machines grew by 10%.

“A server with 16 chips, smaller than a piece of checked baggage, needs the same power as five to 10 households.”