Bank of America Hikes 2026 Chip Forecast to $1.3 Trillion — Industry to Pass $1T for First Time

Yahoo Finance·medium signal

BofA analyst Vivek Arya raised the 2026 semiconductor revenue forecast to $1.3T — a $300B leap from four months ago — projecting a 30% YoY surge that pushes the industry past $1T annual sales for the first time. NVIDIA, Broadcom, Marvell, and AMD named as top drivers. However, hitting 2027 targets would require cloud capex to exceed $1T, significantly above the current $872B consensus.