Bank of America raised its server CPU market forecast to $210 billion by 2030, expecting 36% annual growth, and kept AMD as its top pick. However, near-term trader sentiment diverges: AMD’s put-to-call ratio stands at 1.15, signaling a more bearish positioning, while Nvidia’s ratio is at 0.52, reflecting stronger optimism. Institutional money flows confirm this split, with hedge funds cutting 4 million AMD shares last quarter while adding 15.1 million Nvidia shares. AMD’s price target stands at $647, implying 34% upside, but the options market currently favors Nvidia as the overall sector favorite.
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