AI workloads lift Evercore, BofA server CPU outlooks through 2030
Evercore ISI and Bank of America cite Q2 acceleration in server CPU demand from AI workloads, higher unit volumes, and rising average selling prices, raising market estimates through 2030.
AMD INTC ARM NVDA AI Demand Drives Major Server CPU Market Expansion ⠀ • Evercore ISI and Bank of America see a significant Q2 acceleration in server CPU demand, driven by AI workloads, higher unit volumes and rising average selling prices. • Evercore reiterates Outperform ratings on Intel, Arm and AMD, while BofA names AMD its top CPU pick and Nvidia its preferred sector stock. • Both firms significantly raise their server CPU market estimates through 2030, with BofA now forecasting the market to exceed $210B.