BofA Lifts AI Data Center Forecast $1.7T

Bank of America increased its AI data center market estimate to $1.7 trillion by 2030, up from $1.4 trillion, implying 45% CAGR.
The AI accelerator outlook rose to $1.2 trillion (from $1.0 trillion) driven by hyperscaler ASIC shipments like Google TPU and AWS Trainium.
Micron’s price target raised to $950 (from $500), valuing AI/HBM business at $240 per share and DRAM/NAND at $710.
The firm also upgraded Nvidia to $320, Broadcom, AMD and Marvell to $200, reflecting strong AI‑driven demand across chipmakers.