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.