Nvidia Falls 3.93% as Bank of America Sees $1 Trillion in Cloud Spending
Photo: TokenPost
Nvidia shares fell 3.93% Thursday, while Bank of America named the chipmaker among six semiconductor companies it sees benefiting from AI infrastructure spending that could approach $1 trillion in 2026. Marvell Technology declined 8.29%, Intel fell 6.44%, Micron lost 4.78% and Synopsys dropped 3.99%. Lam Research was also among the six companies on the bank’s list. Bank of America expects cloud infrastructure spending to nearly double from about $510 billion in 2025 to roughly $1 trillion in 2026. A further 37% rise in 2027 is possible. The bank points to increasing token use as evidence that AI workloads are growing.
Source: TokenPost
