Buoyed by steadily deceasing inflation and a simultaneous reduction in the magnitude and number of interest rate hike by the Fed, the technology sector has witnessed an astonishing rally in 2023. According to CME’s FedWatch tool, traders are currently associating nearly 100% probability that the central bank will keep the benchmark lending rate unchanged at the range of 5.25-5.5% in the December FOMC meeting. The datacenter end-market business is likely to benefit from the growing demand for generative AI and large language models using GPUs based on NVIDIA Hopper and Ampere architectures.