Everyone Is Chasing Nvidia: BofA Securities Sees $210 Billion CPU Boom for These 3 Stocks
Key takeaways
- BofA Securities expects a $210.6 billion server CPU market by 2030, driven by AI chip demand, with AMD as its top CPU pick.
- BofA Securities' 2030 server CPU market estimate: $210.6 billion
- Compound annual growth rate from 2026 through 2030: 36%
- AMD's Zen 6 Venice processor core count: up to 256
What happened
BofA Securities raised its 2030 server CPU market estimate to $210.6 billion, a 36% compound annual growth rate from 2026, driven by AI chip demand.
Why it matters
The AI chip boom is expected to nearly quadruple the server CPU market, with BofA Securities naming AMD its top CPU pick due to its wide breadth of portfolio and dual leadership.
Short-term and longer-term
Short-term. AMD's stock price has risen 125.5% YTD, driven by the increasing demand for AI chips.
Longer-term. The AI chip boom is expected to drive a significant shift in the server CPU market, with custom designs and merchant products becoming increasingly important.