Bank of America Raises 2030 Server CPU Market Forecast to $170B+ on Agentic AI Demand, Upgrades AMD, ARM, Intel Targets

According to BlockBeats, on June 11, Bank of America raised its forecast for the 2030 server CPU total addressable market to over $170 billion from $125 billion, citing accelerating demand from agentic AI systems. BofA analyst Vivek Arya noted that AI agents capable of planning and executing multi-step tasks will drive CPU usage growth beyond accelerators. The bank simultaneously upgraded price targets for AMD, ARM, and Intel, citing strengthening long-term semiconductor growth prospects and expanding chip demand.
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