UBS analyst Timothy Arcuri pointed out that global server CPU shipments in the third quarter increased by about 6% month-on-month and 31% year-on-year, which is significantly higher than the usual seasonal increase of about 3% month-on-month. Among them, the share of shipments of Arm-based processors increased by about 2.5 percentage points to 20.1%, Intel dropped 2.4 percentage points to 51.5%, and AMD remained basically flat at 28.4%, indicating that the server processor market share continues to lean towards ARM architecture and AMD. UBS believes that with the popularity of AI smart applications, each GPU needs to be equipped with more CPU processing tasks, which will drive long-term growth in server CPU demand. If supply restrictions are not taken into account, the potential market size of CPUs may exceed 500 billion US dollars in 2030, but since AI processors require much more memory than traditional server chips, memory supply bottlenecks may limit the actual achievable market size to about 210 billion US dollars. In contrast, demand for PC processors continued to weaken, and third-quarter shipments fell 6% month-on-month, which is significantly weaker than the usual seasonal increase of about 1%. UBS expects that rising memory and CPU prices will further curb PC demand, so it lowered the 2027 global PC shipment forecast from a 2% increase to a 4% decline.

UBS analyst Timothy Arcuri pointed out that global server CPU shipments in the third quarter increased by about 6% month-on-month and 31% year-on-year, which is significantly higher than the usual seasonal increase of about 3% month-on-month. Among them, the share of shipments of Arm-based processors increased by about 2.5 percentage points to 20.1%, Intel dropped 2.4 percentage points to 51.5%, and AMD remained basically flat at 28.4%, indicating that the server processor market share continues to lean towards ARM architecture and AMD. UBS believes that with the popularity of AI smart applications, each GPU needs to be equipped with more CPU processing tasks, which will drive long-term growth in server CPU demand. If supply restrictions are not taken into account, the potential market size of CPUs may exceed 500 billion US dollars in 2030, but since AI processors require much more memory than traditional server chips, memory supply bottlenecks may limit the actual achievable market size to about 210 billion US dollars. In contrast, demand for PC processors continued to weaken, and third-quarter shipments fell 6% month-on-month, which is significantly weaker than the usual seasonal increase of about 1%. UBS expects that rising memory and CPU prices will further curb PC demand, so it lowered its forecast for global PC shipments in 2027 from a 2% increase to a 4% decline.