Apple, Intel, AMD Lead Charge in AI-Powered PC Market: Report

THE AI-Powered PC Market is gaining significant momentum, with leading companies like Apple Inc (NASDAQ:AAPL), Intel Corp (NASDAQ:INTC), Advanced Micro Devices, Inc. (NASDAQ:AMD), and Qualcomm Inc (NASDAQ:QCOM) is leading this technological change.

According to Canalys Data8.8 million AI-enabled PCs were shipped in Q2 2024, representing 14% of all PCs shipped during the quarter.

Apple continues to dominate the AI ​​PC market with its entire Mac lineup, which includes M-series chips with Neural Engine. The company recently unveiled Apple Intelligence, a new AI feature.

On the Windows side, OEMs like Lenovo, HP Inc (NYSE: HPQ) and Dell Technologies Inc (NYSE:DELL) is significantly expanding its portfolio of AI-enabled PCs.

Lenovo introduced its first Snapdragon X-powered PCs, driving a 228% sequential increase in AI-enabled PC shipments. HP launched new AI-focused models, increasing its share of AI-enabled PCs in Windows shipments by about 8%. Dell followed suit with AI-powered devices capturing nearly 7% of its Windows shipments.

Intel and AMD are also making significant progress in the AI-enabled PC market.

Intel has engaged in the expedition chips for more than 100 million AI PCs by 2025, including more than 40 million in 2024.

JPMorgan Analyst Harlan Sur expects AMD to grow Data Center GPU Revenues of more than $5 billion in fiscal 2024 as it continues to gain market share from Intel in server and PC processors.

JPMorgan analyst Samik Chatterjee expects Qualcomm PC-related revenue to increase from $300 million in 2024 to $3.7 billion in 2027.

Disclaimer: This content was partially produced using AI tools and was reviewed and published by Benzinga editors.

Illustration made using artificial intelligence via DALL-E.

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