Bank of America raises server CPU market forecast and AMD, ARM, Intel target prices

Bank of America analyst Vivek Arya stated that driven by the demand for Agentic AI, the bank has raised its forecast for the total potential market size of server CPUs in 2030 from $125 billion to over $170 billion. Bank of America has raised its target prices for AMD, ARM, and Intel, citing enhanced long-term semiconductor growth prospects and continued expansion of chip demand.