Nauman Khan Wed, July 22, 2026 at 3:55 PM EDT 1 min read This article first appeared on GuruFocus. Nvidia (NASDAQ:NVDA) shares rose about 2% on Wednesday after Bank of America projected the global server central processing unit market could expand to roughly $170 billion by 2030 as artificial intelligence infrastructure spending accelerates. Bank of America reiterated its Buy rating and $350 price target on Nvidia, saying the chipmaker's new Vera CPU architecture could intensify competition with Advanced Micro Devices (AMD) in AI servers. The firm said the debate may center on whether customers prioritize faster completion of AI tasks or higher processing capacity per server rack. Warning! GuruFocus has detected 4 Warning Signs with NVDA. Is NVDA fairly valued? Test your thesis with our free DCF calculator. The brokerage noted Nvidia's Vera platform combines custom ARM-based processor cores with high-bandwidth memory and networking technologies as part of an integrated AI system. By comparison, AMD has promoted its EPYC server processors based on throughput and service density, with its AI 2026 Day expected to outline that strategy further. Bank of America said it does not favor either approach at this stage, adding that enterprise and hyperscale customers will likely determine which performance metric gains wider adoption. The firm also said software compatibility could become a more important competitive factor as AI workloads expand across enterprise applications.
Stocks & Investing·Jul 22, 2026
Nvidia Stock Rises as BofA Sees $170 Billion AI CPU Market by 2030
Nvidia Stock Pops as BofA Pits Vera CPU Against AMD in $170 Billion AI Battle
Yahoo1 min readSingle source
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5-point summary · 1 minNvidia Stock Pops as BofA Pits Vera CPU Against AMD in $170 Billion AI Battle
- Nauman Khan Wed, July 22, 2026 at 3:55 PM EDT 1 min read This article first appeared on GuruFocus.
- Nvidia (NASDAQ:NVDA) shares rose about 2% on Wednesday after Bank of America projected the global server central processing unit market could expand to roughly $170 billion by 2030 as artificial intelligence infrastructure spending accelerates.
- Bank of America reiterated its Buy rating and $350 price target on Nvidia, saying the chipmaker's new Vera CPU architecture could intensify competition with Advanced Micro Devices (AMD) in AI servers.
- The firm said the debate may center on whether customers prioritize faster completion of AI tasks or higher processing capacity per server rack.
- Bank of America said it does not favor either approach at this stage, adding that enterprise and hyperscale customers will likely determine which performance metric gains wider adoption.
$170 Billion$3502%
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