BofA: agentic AI brings CPU demand back
A BofA expert call says Muse is a CPU-heavy architecture and that CPU and GPU demand have become symbiotic thanks to agentic AI.
B of A: CPUs power Agentic AI This should be the least surprising message for all AI investors. But here's some insights from Bofa's expert call on the CPU market that might add more - CPU and GPU demands are now symbiotic, thanks to agentic AI - CPU won't replace GPUs as it cannot be reduced to "cores/ user" - Substantial variations by operator, workload, architecture and utilization - $META muse has CPU-rich architecture - $NVDA emphasizes faster, fewer cores that return tasks to GPUs - $ARM 's AGI CPU though emphasizes on higher cores - $AMD and $INTC targets a broader offering covering both scenario - Time-to-completion, agents/racks, memory / thermal constraints are key deciding factors of architecture - Expert expects CPU content of $4-$5K+ per Vera GPU - ARM based server CPU to have 40% share (50% by decade-end) - x86 deeply entrenched in legacy cloud/enterprise players. Advantagous in greenfield projects