BofA hikes 2026 chips forecast to $1.3 trillion, names Nvidia, Broadcom, Marvell, AMD as top drivers

In a new note to clients, Bank of America analyst Vivek Arya issued a massive upgrade to the firm's global semiconductor outlook. He hiked its 2026 revenue target to $1.3 trillion - a $300 billion leap from the estimate the bank provided just four months ago. Nvidia and Broadcom continue to power those AI ambitions.

The bank expects the total semiconductor market to hit the $2 trillion milestone by 2030. This implies a 20% compound annual growth rate (CAGR) through the end of the decade, more than double the 9% growth rate the industry averaged over the past 10 years.

[https://finance.yahoo.com/news/bofa-hikes-2026-chips-forecast-to-13-trillion-names-nvidia-broadcom-marvell-amd-as-top-drivers-164800203.html](https://finance.yahoo.com/news/bofa-hikes-2026-chips-forecast-to-13-trillion-names-nvidia-broadcom-marvell-amd-as-top-drivers-164800203.html)