ChainThink reports that, according to a recent Bank of America research report, with NVIDIA launching its Vera CPU architecture and competing more directly with AMD on the next-generation AI server platform, the potential market size for server CPUs could reach $170 billion by 2030, approximately four times the current level.
Bank of America maintains a "Buy" rating on NVIDIA and a $350 price target, noting that the focus of competition has shifted from single-chip performance to how AI agent workloads are measured—such as completing individual agent tasks faster or hosting more agents within the same rack.
At the time of the report's release, AI stocks were undergoing rapid turnover. The Philadelphia Semiconductor Index had declined more than 20% from its previous high, entering a technical bear market; however, chip stocks subsequently rebounded. On Tuesday, U.S. equities rose, led by Micron and NVIDIA, with the Nasdaq gaining 1.3%.
On Wednesday, rising oil prices and higher U.S. Treasury yields weighed on risk appetite, causing the S&P 500 to dip slightly by 0.1% and the Nasdaq to decline 0.6%. Bank of America’s client flow report showed that clients have net purchased U.S. stocks for the third consecutive week, though buying was primarily driven by retail investors and ETFs.
Last week, customers bought $3.4 billion in stock ETFs and sold $3.1 billion in individual stocks;
Tech stocks saw their first outflow in three weeks, while communications services experienced their third consecutive week of outflows. Capital shifted toward consumer discretionary, financials, and energy. The four-week rolling average inflow into small-cap and micro-cap stocks reached a record high since U.S. Bank's tracking began.