AI Momentum Powers Nvidia, Arm And Chip Supply Chain In BofA Recap
1. Bank of America raised ARM's price target to $150, highlighting growth potential. 2. ARM expects a 50% share in server CPU deployments this year. 3. Analyst sees a positive tone for ARM-based CPUs in data center markets. 4. Concerns remain for Intel, but ARM's market share continues to grow. 5. Strong AI demand supports ARM's growth amidst competitive tech landscape.