Bank of America Raises 2030 AI Data Center Forecast to $1.7 Trillion

Bank of America updated its long-term forecast for the artificial intelligence infrastructure market on May 14. The financial institution raised its projection for the global AI data center market size to $1.7 trillion by the year 2030. This figure represents a significant increase from the previous estimate of $1 trillion.

NVIDIA, AMD, and Broadcom identified as top winners in the forecast

The report details how capital expenditure will flow through the hardware supply chain. AI accelerators will account for $1.2 trillion of the total market value. This spending is driven largely by custom application-specific integrated circuits developed by major technology firms like Google and Amazon. General-purpose data center CPUs will see their market value rise to $110 billion. AI network chips will also grow, reaching a value of $316 billion.

The analysis identifies several key beneficiaries in this expanding market. NVIDIA, AMD, and Broadcom are listed as top winners expected to capitalize on the increased demand for specialized hardware. The shift toward custom silicon from cloud providers suggests a diversification of the accelerator landscape beyond traditional GPU manufacturers.

This forecast underscores the sustained growth trajectory of AI infrastructure investments. The substantial allocation toward accelerators highlights the critical role of specialized processing units in modern data centers. The projected growth in CPU and network chip values indicates that supporting infrastructure will also see robust expansion alongside core compute resources.