The 2024 Mobile World Congress trade show kicks off this week in Barcelona, Spain. Tech developers and chip designers are unveiling their latest generation of hardware, pivoting to the growing demand for AI devices. IDC Research Director Nabila Popal joins Yahoo Finance's Akiko Fujita to discuss consumer demand forecasts as artificial intelligence use cases continue to be fleshed out. "The use cases have yet to be developed where that's really going to create that mass consumption and run to... purchase the new AI device. That's what we really are waiting for," Popal says. "The smartphone industry is already on the cusp of recovery, but the question is are these AI devices really going to cause the next wave of super cycle refresh? Are they going the lead the boom or rather the recovery, but the answer to that is it's really not a number, they're still going to make up probably about 15% of the smartphone market this year..." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.

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