In the third quarter of 2024, Advanced Micro Devices (AMD, Financial) outperformed Intel (INTC, Financial) in the server chip market for the year, taking 33.9% of revenues. This represents a year-on-year growth of 2.7%, placing AMD firmly in the server CPU market, mainly through its Zen 5 processors and the EPYC chipset. However, it's not just servers; AMD's desktop and mobile CPUs are also showing growth, according to the information given below.
In desktop processors, it obtained a 28.7% market share, its highest since late 2016, up 5.7% quarterly and 9.6% from a year ago. The firm's desktop market revenue share increased by 7.7% by selling more of its Ryzen 9000 series and 3D V-Cache processors. Likewise, in mobile CPUs, AMD grew its market share as high as 22.3 percent based on the increased demand for its Ryzen AI 300-series APUs.
For the first time, AMD reported revenue of $3.549 billion in its data center segment, more than Intel's $3.3 billion. However, Intel remains the leader in the client PC market, with 71.3% in the desktop CPU market and 77.7% in the mobile CPU market. However, Intel is facing definite instability problems in its recently produced processors, which have noticeably slowed the company's development, for example, the poorly received Core Ultra 200S.
AMD today reported strong growth as part of its move towards high-performance computing, while Intel is feeling the effects of troubles in the CPU market.
