Vivek Arya
Showing 1–3 of 3 transcripts.
- Bank of America24 min
Chip stocks retreat but AI spend advances; upcycle has room to run
Analysts project that hyperscalers and neoclouds will spend approximately $1 trillion in 2026 and $1.4 trillion in 2027, driven by tangible AI returns that have revised forecasts upward by 20%. While semiconductor markets face near-term volatility and supply constraints for High Bandwidth Memory, the sector anticipates sustained growth through 2028 supported by a hybrid infrastructure model and geopolitical imperatives to maintain U.S. leadership. This capital-intensive expansion is expected to contribute roughly 70 basis points to U.S. GDP growth in 2026, despite rising borrowing costs and competitive pressures from accelerating Chinese investment.
- Bank of America24 min
Chip stocks retreat but AI spend advances; upcycle has room to run
U.S. hyperscalers and emerging neoclouds are accelerating capital expenditures to nearly $1 trillion in 2026, driven by tangible AI gains and a projected 40% growth rate through 2027. This surge occurs amidst a semiconductor market correction and tightened funding conditions for smaller players, yet structural demand for High-Bandwidth Memory and robust enterprise model pricing sustain infrastructure economics. Analysts position this activity as the third year of a potential decade-long cycle, with geopolitical competition and regulatory shifts shaping the sector's trajectory toward 2028.
- Bank of America22 min
Must Read Research: AI + Quantum: The Ultimate Power Couple?
Haim Israel, Vivek Arya, Candace Browning
During an October 2026 Bank of America research call, analysts Haim Israel and Vivek Arya detailed the quantum industry's transition from theoretical feasibility to commercial scaling, marked by a recent $1 billion in sales and a market forecast reaching $80 billion by 2035. The discussion highlighted a critical acceleration in risk timelines, as the U.S. government moved its "Q-Day" projection to 2030 due to breakthroughs like Google's "Winnow" chip and the discovery that "dirty" qubits can solve complex tasks, posing immediate threats to RSA encryption and blockchain security. With major players like IonQ leading trapped-ion manufacturing and strategic partnerships involving NVIDIA and Microsoft driving hybrid workflows, the sector is rapidly evolving into a specialized accelerator for AI and high-precision sensing across finance, defense, and healthcare.