technology
Bank of America Raises 2030 Server CPU Market Forecast to Over $170 Billion
Bank of America increased its projection for the 2030 server CPU total addressable market to more than $170 billion from $125 billion. The revision cites growth in agentic AI systems that plan and execute multi-step tasks.
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Bank of America raised its 2030 server CPU total addressable market forecast to over $170 billion from $125 billion. The firm cited agentic AI as a major demand driver. Analyst Vivek Arya said AI systems that plan and execute multi-step tasks will boost CPU usage alongside accelerators.
BofA also raised price targets for AMD, ARM, and Intel, pointing to stronger long-term semiconductor growth and chip demand expansion.
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