According to Mercury Research, AMD’s market share for x86 CPUs has crossed the 30% mark, with Intel’s share dropping to 69.7%. AMD’s x86 CPU market share was at 21.1% two years ago. The jump aligns with the company’s growing dominance over the last few years. Intel’s market share is currently at its lowest since 1995, more than 30 years ago. Mercury Research President Dean McCarron highlights that “Client share is just the combined desktop and mobile CPUs and nothing else.” Let’s discuss if AMD’s market share surge will reflect in a stock price jump.
Will AMD Stock Price Surge After Eating Intel’s x86 Market Share?
While AMD’s x86 market share has increased over the last few years, Mercury Research has not included the coming of ARM-based chips that Apple, Qualcomm, and MediaTek are dominate. The report states, “Our estimate of Arm-inclusive PC client CPU share for the second quarter of 2026 is 15.3 percent, a 0.9 point increase and a new record high.“
AMD’s stock price has also registered substantial gains over the last few years. However, the stock price rally has less to do with x86 chips and more to do with AI-based computing and data centers. Mercury Research notes that demand for desktop CPUs have significantly fallen. The report stated, “We believe that higher PC prices and limited GPU supplies are having a significant impact on end demand for desktop PCs, and thus desktop CPUs.“
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Given the falling demand for PC CPUs, AMD’s market share surge is unlikely to reflect in higher stock prices. AMD’s stock price closed 3.49% (16.51 points) lower on Monday, August 24, 2026, but has gained 2% (9.15 points) in the after-market hours.
Although AMD’s PC CPU market may not lead to increased revenue or stock price gains, Wall Street remains bullish on the company’s AI expansion. AI chips are the primary movers in the semiconductor sector and the trend is unlikely to change in the coming years.