BUZZ-Citigroup sees server CPU market reaching $132 billion by 2030, Intel to lead
Intel Corporation INTC | 0.00 | |
Advanced Micro Devices, Inc. AMD | 0.00 | |
Arm Holdings ARM | 0.00 |
** Citigroup expects the server CPU market to reach about $132 billion by 2030 from $29.3 billion in 2025, driven by the growth in the so-called agentic CPUs
** "We expect general purpose CPUs to grow at a 20% CAGR to $50.9 billion in 2030, AI head nodes to grow at a 21% CAGR to $21.1 billion in 2030, and agentic CPUs to grow at a 185% CAGR to $59.4 billion in 2030" - Citigroup
** Brokerage says Intel INTC.O will hold 47% share of the total CPU market by 2030, AMD AMD.O 34%, and Arm/others 19%
** Raises Intel's PT to $130 from $95 and AMD's PT to $460 from $358; keeps "buy" and "neutral" ratings on INTC and AMD, respectively
** Companies including Intel, AMD and Arm O9Ty.F are increasingly targeting CPU opportunities, as cloud providers shift focus from training AI models to deploying them
** Intel gained ~195% YTD, while AMD rose ~98%