NVIDIA stock: BofA calls it one of the top winners in the AI field, as cloud spending approaches $1 trillion
Bank of America has identified NVIDIA, Intel, Marvell Technology, Micron, Ram Research, and New Silicon Technologies as potential beneficiaries of ongoing AI infrastructure spending, despite these stocks experiencing significant declines on Thursday.
Among them, Micron Technology fell by 8.29%, Intel fell by 6.44%, Micron fell by 4.78%, Newport Technology fell by 3.99%, and NVIDIA fell by 3.93%.
The Vivek Arya from Bank of America indicates that the proliferation of open-weight AI models – that is, models whose parameters can be freely accessed by developers – should increase the demand for computing hardware, as running these models still requires a substantial amount of processing power.
This line estimates that cloud infrastructure spending will nearly double from approximately $510 billion in 2025 to about $1 trillion in 2026, and may further increase by 37% in 2027. It also mentions that the growing usage of token proves that the workload of AI is still continuing to expand.
CoinPedia Note: The content of this article contains sponsored and advertising information. The editorial content is independent of the advertising partners.
