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Barely a week goes by without another megacap cloud provider pledging billions more to AI infrastructure, from data centers and hyperscalers to the server chips that power those systems. The wider market is bracing for that spending to transform the industry, with estimates putting AI’s growth trajectory from about $135 billion in 2023 to more than $20 trillion by 2040.
Over the past six months, Advanced Micro Device’s ((AMD) share price has jumped 147%. This places it firmly among the strongest large‑cap semiconductor names, showing investors’ support. Bank of America is leaning into that story, arguing that “exceptional” demand for AMD’s EPYC server chips and AI accelerators could set up yet another beat‑and‑raise quarter.
