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Bank of America: OpenAI's $665 billion target computing power expenditure by 2030 will boost AI stocks
GateNewsBot
BlockBeats News, February 24 — Bank of America pointed out that OpenAI’s revised goal—to reach $283 billion in revenue and $665 billion in computing expenses by 2030—demonstrates huge demand for AI in advertising, cloud computing, and productivity.
This move could generate $45–75 billion in advertising revenue, challenging giants like Google, Meta, and Amazon. At the same time, OpenAI’s partner-led computing strategy also offers opportunities for large cloud providers to supply AI infrastructure.
Bank of America believes that although rising computing costs may pressure short-term profit margins, these trends will strengthen the long-term growth of the internet and cloud platforms.
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