BofA boosts chip price targets as AI demand surges

MSN
2026.05.14 01:35
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BofA has raised price targets for major chip companies, including Nvidia, AMD, Marvell, Micron, and Coherent, with Micron's target nearly doubling to $950 due to AI-driven demand. The AI data center market is projected to reach $1.7 trillion by 2030, with significant contributions from AI accelerators. However, despite optimistic forecasts, chip stocks may face volatility risks, including bubble comparisons and geopolitical uncertainties that could lead to sudden shifts in market sentiment.