BofA Names Preferred Chipmakers as it Lifts 2030 Forecast to $3.2 Trillion
BofA Securities raised its 2030 global semiconductor market forecast to $3.2T, citing stronger memory, data center, automotive, and industrial demand. The firm named Infineon and STMicroelectronics as preferred European semiconductor stocks, and ASML, ASM International, VAT Group, and Comet Holding as beneficiaries in semiconductor capital equipment. The new forecast implies an 18% CAGR from 2026-2030, up from 14%.
How this was made
The 30-second read
Why it matters
The upgraded outlook creates a positive read‑across for European semiconductor stocks and equipment makers.
Market read
Sector‑wide upgrade may drive buying interest in listed European chip and equipment firms.
What to watch
Potential supply‑chain constraints and macro‑economic headwinds could limit growth.
Background
BofA raised its 2030 global semiconductor market forecast to $3.2 trillion, citing stronger memory and data‑center demand.
Ticker impact
BofA named STMicroelectronics as a preferred European semiconductor stock in its upgraded 2030 forecast.
moderate upside
Analyst upgrade and read‑across from higher market growth.
BofA highlighted ASML as a semiconductor capital equipment maker set to benefit from EUV lithography growth.
moderate upside
Sector forecast emphasizes EUV equipment expansion.
Market effects
Higher semiconductor growth outlook benefits European chip and equipment makers.
European semiconductor stocks may see relative strength versus peers.
Broad uplift for global semiconductor supply chain.
Counterpoint
If memory and data‑center demand softens, the upgrade may be overstated.
Key entities
- companyInfineon
Preferred European semiconductor stock.
- companySTMicroelectronics
Preferred European semiconductor stock.
- companyASML
EUV lithography equipment maker.
