BofA’s $1.18T cloud forecast puts 3 chip stocks in focus

Biztoc.com·August 4, 2026·1 min read

AI Summary

BofA projects the cloud market to reach $1.18 trillion, highlighting the importance of chip stocks. Companies like Lam Research and KLA, which supply equipment for chip manufacturing, could benefit from increased demand from AI data centers.

From the source

, Lam Research (LRCX), and KLA (KLAC) sell machines used to manufacture and inspect processors and memory chips. Cloud providers purchase finished processors and memory for artificial intelligence data centers. Chip manufacturers may need more factory equipme…

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