Bank of America Forecasts AI Center $1.7T

Bank of America raised its AI data‑center market estimate to $1.7 trillion by 2030, up from $1.4 trillion, implying a 45% CAGR.
The AI accelerator outlook was lifted to $1.2 trillion (from $1.0 trillion) and AI networking to $316 billion (from $240 billion).
Bank of America boosted Micron’s price target to $950 (from $500), valuing its AI/HBM business at $240/share and DRAM/NAND at $710/share.
It raised price targets for Nvidia to $320, Broadcom, AMD and Marvell, citing accelerating AI sales and OpenAI, Anthropic IPOs.