Core Viewpoint - Bank of America projects a significant increase in semiconductor spending, forecasting global chip sales to reach $1 trillion by 2026, representing a growth of approximately 30% [1] Semiconductor Industry Outlook - The semiconductor market is expected to experience robust growth, with a forecasted surge in sales driven by increasing demand across various sectors [1] - The anticipated growth reflects a broader trend in technology adoption and digital transformation, which is likely to fuel further investments in semiconductor technology [1]

Fears of an AI bubble are likely here to stay. But a strong spending landscape means many semiconductor stocks can still thrive, according to J.P. ...