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Intel Jumps 8%, AMD Rises 4% on Bank of America's $170 Billion Server-CPU Call
Bank of America said Intel could capture a larger share of the server CPU market as agentic AI demand expands to $170 billion by 2030.
- On Thursday, Intel stock surged nearly 8% after Bank of America double-upgraded the company to Buy, while raising AMD's price target to $560.
- A bullish BofA research note projecting the server CPU market will reach $170 billion by 2030 fueled the rally, driven by agentic AI demand.
- Analyst Vivek Arya cited increased confidence in Intel's ability to resolve manufacturing constraints, with the firm valuing the foundry opportunity above $45 billion by 2030.
- Intel CEO Lip-Bu Tan stated the next wave of AI brings intelligence closer to the end user, with BofA expecting CPU sales to top $40 billion by 2030.
- Arya expects a multi-year upgrade cycle as the server CPU market expands about 40%, though execution remains a swing factor amid intensifying competition from Arm-based and custom CPUs.
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Intel Jumps 8%, AMD Rises 4% on Bank of America's $170 Billion Server-CPU Call
The post Intel Jumps 8%, AMD Rises 4% on Bank of America’s $170 Billion Server-CPU Call appeared first on 24/7 Wall St.. Intel (INTC) surged 8% to $115.85 after Bank of America upgraded it to Buy with $135 target, projecting server CPU market expands to $170B by 2030 on agentic AI workloads. AMD (AMD) climbed 3% to $464.62 on Bank of America's $560 price target, citing 122% YoY data-center revenue growth and 33% server CPU market share capture…
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Total News Sources13
Leaning Left2Leaning Right1Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 29%
C 57%
14%
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