# Bank of America expects AI to add $1 trillion to semiconductor sales over five years > Bank of America forecasts AI will add $1 trillion to semiconductor sales in five years. The firm raised its overall semiconductor revenue forecast to $2.7 trillion by 2030. - Type: AI news - Page: https://completeaitraining.com/news/bank-of-america-expects-ai-to-add-1-trillion-to/ - Published: 2026-06-27 - Updated: 2026-06-29 - Author: Jeroen Erne - Jobs: Sales - Reading time: 2 min Bank of America analysts say AI will help add an additional $1 trillion to semiconductor sales over the next five years-a figure that took the industry 50 years to reach initially. The forecast signals sharply higher demand for chips powering everything from data centers to AI-enabled laptops, creating a wide lane of opportunity for sales teams across the technology supply chain. "The chip industry took ~50 years to generate its first $1Tn in sales," analysts led by Vivek Arya said. "We expect AI to help add another $1Tn in just the next five years." #### Where the growth is coming from The largest single driver is AI data centre infrastructure. BofA expects that market to balloon from roughly $273 billion in 2025 to $1.7 trillion by 2030. A new category of AI-focused server processors-spanning both x86 and ARM architectures-could eventually become a $170 billion market in its own right. #### Memory and manufacturing equipment lead the charge Memory remains BofA's most bullish segment, with analysts forecasting **nearly 300% growth in 2026**. The firm also raised its wafer fabrication equipment spending outlook sharply, now expecting annual investment to reach $250 billion by 2028 and as high as $292 billion by 2030, reflecting the rising complexity and capital intensity of advanced chip production. The bank lifted its overall semiconductor revenue forecast to **$2.7 trillion by 2030**, up from an earlier estimate of $2.3 trillion, implying annual growth of roughly 28% from 2025 levels. #### Price targets climb across the chip sector Micron (NASDAQ:MU) received the largest target increase, jumping to $1,500 from $950, as BofA cited strong high-bandwidth memory demand and tight supply. Applied Materials, Lam Research, KLA Corporation, Marvell, Intel, and Credo Technology also saw their targets raised on stronger long-term assumptions. Axcelis Technologies was the lone exception. While BofA lifted its target to $156 from $130, it kept an Underperform rating, noting that the stock's valuation already bakes in much of the expected benefit from its pending merger with Veeco. #### Why this matters for sales professionals The semiconductor industry's $1 trillion addition over five years isn't just about chips. It will fuel spending on cloud platforms, enterprise hardware, software tools, and professional services-all areas where sales teams compete for deals. Buyers across industries are gearing up for large-scale AI deployments, and reps who understand the underlying infrastructure trends can position themselves as strategic advisors rather than order-takers. Sales professionals looking to sharpen their AI knowledge for this changing environment can explore structured resources like the [AI Learning Path for Sales Representatives](https://completeaitraining.com/learningpath/ai-for-sales-representatives/), which covers lead qualification, CRM automation, and revenue tools that align with the very AI wave driving this chip boom. --- This is the Markdown form of https://completeaitraining.com/news/bank-of-america-expects-ai-to-add-1-trillion-to/. The whole site is mapped at https://completeaitraining.com/llms.txt.