Bank of America says server CPU market will reach $170 billion, funds withdraw from tech stocks

The Bank of America report states that with Nvidia launching the Vera CPU architecture and competing with AMD, the server CPU market size is expected to reach $170 billion by 2030. Bank of America maintains Nvidia's buy rating and $350 target price. The Bank of America's client cash flow report shows that clients bought $3.4 billion worth of stock ETFs last week and sold $3.1 billion worth of individual stocks, marking the first capital outflow in three weeks for technology stocks.