Bank of America lifts 2030 server CPU market forecast above $210B

Bank of America raised its 2030 server CPU market forecast to more than $210B from $170B, citing rising demand from agentic AI workloads.

The Details: • Market growth: BofA's revised forecast is nearly 5× the estimated 2025 server CPU market and implies approximately 36% annual growth through 2030. • AI agents: BofA said agentic AI could shift CPUs from supporting GPUs toward managing the orchestration control plane. • System mix: The CPU-to-GPU ratio could move from roughly 1:4 toward 1:1 as AI-agent workloads expand. • Top picks: $AMD remains BofA's preferred CPU stock, while $NVDA remains its overall semiconductor-sector favorite.

Bottom Line: BofA expects AI agents to substantially increase long-term demand for server CPUs.