Bank of America (BAC) has raised its outlook for the server CPU market and named Advanced Micro Devices (AMD) and Nvidia (NVDA) as its “top AI chip picks,” saying the growing use of agentic AI could create a much bigger opportunity for the server CPU market. The bank’s top analyst Vivek Arya now expects the server CPU market to grow from about $43 billion in 2026 to roughly $125 billion by 2030, higher than its earlier forecast of $110 billion.Meet Samuel – Your Personal Investing ProphetStart a conversation with TipRanks’ trusted, data-backed investment intelligence
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The 5-star analyst said CPUs are becoming increasingly important as AI systems grow more complex. While GPUs remain critical for training AI models, newer agentic AI systems also rely heavily on CPUs to manage memory, coordinate tasks, retrieve data, and run multi-step workflows.
Infact, the bank described CPUs as becoming the “control plane” of AI inference.
Why BofA Likes AMD and Nvidia
