UBS Forecasts 5x Server CPU Market Growth

UBS projects server CPU market to grow fivefold to $170 bn by 2030, up from $30 bn in 2025.
ARM’s share of CPU units expected to rise to 40‑45% by 2030, prompting UBS to lift its price target to $245.
AMD and Intel projected to generate $41 bn and $39 bn CPU revenues respectively by 2030, driven by agentic AI demand.
Agentic AI workloads will need 80‑120 CPU cores per GPU, shifting CPU‑to‑GPU ratios toward 1‑to‑1 and boosting high‑end CPU prices to $3‑4k.