A $2.7 Trillion Reason Intel Stock Just Got a New Street-High Price Target

For years, the artificial intelligence (AI) boom has been viewed through the lens of chipmakers racing to meet soaring demand. Now, Bank of America (BAC) is arguing that the opportunity may be even larger than Wall Street previously imagined. BofA's analysts, led by Vivek Arya, increased the estimate for the global semiconductor market to a massive $2.7 trillion by 2030, fueled by relentless spending on AI data centers, stronger memory demand, and an expected recovery across automotive and industrial markets.

That outlook is leading analysts to expect the semiconductor industry to keep growing for years to come. BofA now sees semiconductor equipment spending accelerating well into the latter part of the decade, supported by expanding manufacturing capacity, long-term customer commitments, and tech advances that require increasingly complex chip production. The bank also highlighted improving momentum at major foundry players, including Intel Corporation (INTC), as the industry gears up for the next wave of AI-driven investment.

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Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/2-7-trillion-reason-intel-130002280.html)