The AI-capable PC market is experiencing a seismic surge, propelled by tech powerhouses like Apple Inc (AAPL), Intel Corp (INTC), Advanced Micro Devices, Inc (AMD), and Qualcomm Inc (QCOM), heralding a new era of computational capabilities.
Market Momentum and Growth
Recent data from Canalys reveals that in the second quarter of 2024, 8.8 million AI-capable PCs were shipped, constituting a remarkable 14% of all PCs dispatched during that period. This statistic underscores the swift ascendancy of AI-capable systems in the broader PC market landscape.
Apple’s Dominance and Innovations
Among the frontrunners, Apple stands tall, commanding the AI-capable PC sector with its complete Mac lineup integrated with M-series chips featuring the Neural Engine. The tech behemoth further affirmed its pioneering status by introducing Apple Intelligence, a cutting-edge AI feature.
Expanding Windows Portfolio and Innovations
Meanwhile, on the Windows front, stalwarts like Lenovo, HP Inc (HPQ), and Dell Technologies Inc (DELL) are vigorously enriching their offerings in the AI-capable PC domain. Lenovo, for instance, made waves by debuting its initial Snapdragon X-powered PCs, igniting a staggering 228% surge in AI-capable PC shipments.
Fueled by innovation, HP introduced a slew of AI-focused models, propelling its share of AI-capable PCs within Windows shipments by approximately 8%. Dell mirrored this trend by unveiling AI-powered devices that garnered nearly 7% of its Windows shipments, further solidifying its position in the competitive landscape.
The Giants – Intel and AMD
Not to be outdone, Intel and AMD are aggressively advancing in the AI-capable PC realm. Intel has set ambitious targets to deliver chips for more than 100 million AI PCs by 2025, with over 40 million units anticipated in 2024 alone.
Meanwhile, JPMorgan analyst Harlan Sur foresees AMD’s data center GPU revenue escalating by over $5 billion in fiscal 2024, driven by its relentless market share gains from Intel in server and PC CPUs.
In a similar vein, JPMorgan analyst Samik Chatterjee projects Qualcomm’s PC-related revenue to soar from $300 million in 2024 to a remarkable $3.7 billion by 2027, underlining its significant growth trajectory in the AI-capable PC segment.
The convergence of cutting-edge technology and relentless innovation among industry frontrunners is set to redefine the landscape of AI-capable PCs, unlocking a world of new possibilities and capabilities.