BofA Securities expects global AI infrastructure spending to nearly triple to $1.4 trillion by 2030, with 25-30% capex intensity.
The bank highlights Nvidia, Broadcom, AMD and Micron as preferred AI chip stocks, citing strong demand from hyperscalers and sovereigns.
Broadcom’s OpenAI custom‑chip deal could generate billions through 2029; Micron plans $25 billion capacity spend in FY2026.
AMD’s data‑center revenue nearly doubled in late‑2024/early‑2025, while Nvidia’s market cap exceeds $4.3 trillion, keeping shares near 52‑week highs.