BofA Raises 2030 Chip Market Forecast to $2.7T, Extends AI Demand Visibility Through 2028

CHIP-4.03%
DRAM-11.56%
According to Bank of America's report released today (June 24), AI demand visibility for semiconductors has extended through 2028, with the bank raising its 2030 global semiconductor market forecast to $2.7 trillion. The HBM market is expected to surge from approximately $35 billion in 2025 to $246 billion by 2030, while DRAM and NAND supply-demand ratios are projected to remain above 110% through 2028 with limited oversupply risk. BofA also upgraded Micron's price target to $1,500 from $950.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments