Bank of America: OpenAI's $665 billion target compute spending by 2030 will boost AI stocks
BlockBeats News, February 24, Bank of America pointed out that OpenAI's revised target—to achieve $283 billion in revenue and $665 billion in compute spending by 2030—demonstrates the huge demand for AI in advertising, cloud computing, and productivity sectors.
This move could bring $45–75 billion in advertising revenue, posing a challenge to giants such as Google, Meta, and Amazon. At the same time, OpenAI's partner-driven compute strategy also provides AI infrastructure opportunities for major cloud computing providers.
Bank of America believes that although rising compute costs may put short-term pressure on profit margins, these trends will reinforce the long-term growth of internet and cloud platforms.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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