Hyperscaler Capex Seen At $1.2T: Nine Chip Stocks To Watch

Bank of America expects hyperscaler capital expenditures to top $1.2 trillion over the next 12 months. Analyst Vivek Arya said, “Hyperscale appetite to investing remains strong.” This massive spending surge benefits chip suppliers, as the AI infrastructure cycle keeps growing. BofA now sees nine semiconductor stocks offering at least 30% upside.