Artificial Intelligence – Cross Sector Thematic – The Chicxulub Impact
Published on 02 Mar 2026
The Chicxulub asteroid, which struck Earth ~66mn years ago, is believed to have wiped out the dinosaurs. However, the destruction of the largest devourers of resources (food and habitat) also gave a golden opportunity for a host of other species to diversify and grow stronger. On a similar note, while artificial intelligence (AI) is threatening traditional ways of doing business across industries, it is also giving birth and momentum to several others.
In the US, we are already witnessing several such cases. Sales for Nvidia, a leading GPU manufacturer, grew at a CAGR of 44% over the past decade, with gross margin growing even faster at 48% CAGR. Western Digital, a major manufacturer of hard disk drives (HDDs), has guided for 20%+ growth for the next 3-5 years. Similarly, Credo, a provider of network products & solutions, continues to grow at a CAGR of 54% during 2023-25 even after 77% CAGR during 2021-23. Vertiv, a power and thermal management product/services provider, witnessed ~22% sales CAGR during CY23-25 after growing at 17% during CY21-23.
