BofA Raises AMD and ARM Price Targets Amid AI Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 11 2026
0mins
Source: stocktwits
- Price Target Increases: BofA raised AMD's price target from $500 to $560 while reiterating its Buy rating, and also increased Arm's target from $245 to $335, indicating potential upsides of 24% and 9% respectively, reflecting strong confidence in the semiconductor sector.
- Market Opportunity Estimate: The firm revised its global server CPU market estimate from $125 billion to over $170 billion, implying nearly fivefold growth and a 37% compound annual growth rate (CAGR) from 2025 to 2030, presenting significant growth opportunities for both traditional x86 and ARM-based chip manufacturers.
- AI-Driven Growth: BofA believes the emergence of agentic AI will create multibillion-dollar opportunities for semiconductor companies like Nvidia, AMD, Intel, and Arm as they invest heavily in AI infrastructure, further solidifying their market positions.
- Potential Earnings Boost for Apple: BofA highlighted that Apple could benefit from agentic AI, estimating that an AI-enhanced Siri could generate an additional $15 billion to $30 billion in revenue by fiscal 2030, potentially increasing earnings by up to $2 per share under optimistic scenarios.
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Analyst Views on NVDA
Wall Street analysts forecast NVDA stock price to rise
41 Analyst Rating
39 Buy
1 Hold
1 Sell
Strong Buy
Current: 204.650
Low
200.00
Averages
264.97
High
352.00
Current: 204.650
Low
200.00
Averages
264.97
High
352.00
About NVDA
NVIDIA Corporation is an artificial intelligence (AI) infrastructure company. The Company is engaged in accelerated computing to help solve the challenging computational problems. Its segments include Compute & Networking and Graphics. The Compute & Networking segment includes its Data Center accelerated computing and networking platforms and AI solutions and software, and automotive platforms and autonomous and electric vehicle solutions, including software. The Graphics segment includes GeForce GPUs for gaming and personal computers (PCs), and Quadro/NVIDIA RTX GPUs for enterprise workstation graphics. Its technology stack includes the foundational NVIDIA CUDA development platform that runs on all NVIDIA GPUs, as well as hundreds of domain-specific software libraries, frameworks, algorithms, software development kits (SDKs), and application programming interfaces (APIs). Its platforms address four markets, which include Data Center, Gaming, Professional Visualization, and Automotive.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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