Agentic AI drives up CPU demand; Mizuho ups targets on AMD, Intel

[Hand holding AI agents virtual interface with data analytics, automation, and machine learning icons, representing artificial intelligence technology, innovation, digital transformation. AI analysis] The increase of agentic AI use cases is leading to a surge in CPU demand, which is expected to drive up CPU shipments and benefit CPU servers and memory makers, according to Mizuho. "We estimate agentic CPUs reaching ~$80B by 2030E (~123% 4Y CAGR), head-node CPUs to $68B (~61% 4Y CAGR), and traditional CPUs to $60B (~2% 4Y CAGR)," said Mizuho analysts, led by Vijay Rakesh, in an investor report. "Total Server CPU TAM we estimate reaches ~$209B by 2030E (32% 4Y CAGR) and is conservatively below AMD's (AMD [https://seekingalpha.