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<Research> BofAS Raises AMD (AMD.US) TP to USD310, Intel (INTC.US) TP to USD48
Recommend 4 Positive 7 Negative 3 |
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BofAS issued a report raising its sales forecast for the server CPU industry, increasing the 2026-2030 CAGR of server CPU industry sales from 13%/USD59 billion to 15%/USD71 billion. The main drivers include: accelerated spending by hyperscale data center operators to address emerging Agentic AI; tight supply and improved product mix, which are driving higher CPU pricing. BofAS also raised the TP for AMD (AMD.US) from USD280 to USD310, with a rating of "Buy"; lifted the TP for Arm (ARM.US) from USD155 to USD180, with a rating of "Neutral"; and increased the TP for Intel (INTC.US) from USD40 to USD48. In the near term, BofAS believes AMD is best positioned, given its leading product portfolio. Intel is also expected to benefit, but the broker considers the approximately USD110 billion increase in its market capitalization over the past three months to be excessive. Over the longer term, the bank expects intensifying competition in the CPU market, with multiple ARM-based solutions emerging, including NVIDIA Vera, ARM AGI, as well as in-house solutions developed by major cloud service providers. (ha/w) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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