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BofA Forecasts 88% Semiconductor Growth to $3.2T by 2030

By Stocks Desk · 2026-09-20 · Updated 2026-09-20 08:18 UTC
A polished silicon wafer resting on a cleanroom surface
Illustration: Tradingbird

Bank of America projects the semiconductor market will expand to $3.2 trillion by 2030, with memory emerging as the largest growth driver. Analysts now point to SK Hynix, Nvidia, and ASML as the primary stocks positioned to capitalize on this surge in AI compute and specialized memory demand.

  • GN stocks/chips highlights three specific beneficiaries of this boom: SK Hynix is favored over Micron due to its dominant position in high-bandwidth memory, while Nvidia is seen as a bargain at 17x forward earnings despite its moat in AI training and inference. ASML also stands to gain significantly from a projected 129% surge in wafer fabrication equipment spending through 2030.

    Source: AOL.com

  • Bank of America projects the semiconductor market will nearly double by 2030, driven by memory and AI compute demand.

    Source: Yahoo Finance
Based on reporting by Yahoo Finance and AOL.com, compiled by the Tradingbird desk.

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