Bank of America’s Top Pick for a $210B Market Is AMD, But Traders Prefer This Other Stock
Bank of America raised its 2030 server CPU market forecast to more than $210 billion this week and kept AMD as its top pick. The options market disagrees, with traders now holding more bearish contracts on AMD stock than bullish ones.
AMD closed at $483.01 yesterday, roughly double its April price. Behind the rally, positioning data shows protection buying, money outflows, and hedge funds trimming the stock. Instead, they are now choosing Nvidia.
Why Is Bank of America Betting on AMD?
The bank lifted its forecast from $170 billion, nearly five times the estimated 2025 market, and expects 36% annual growth through 2030. The driver is agentic AI, the software agents that complete multi-step tasks without waiting for human instructions.
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