AMD continues to gain CPU share over Intel, says BofA

After reviewing Q4 and calendar year 2024 CPU trends based on Mercury Research data, BofA sees a continuation of AMD (AMD) share gains over Intel (INTC) “across the board,” the analyst tells investors in a research note. Notably, Intel regained some of its lost desktop unit share in Q4, though it continued losing value share as it likely implemented competitive pricing versus AMD, the analyst says. While ARM (ARM) adoption of flattish unit share year-over-year was slower than the firm had anticipated, it expects an acceleration in calendar year 2025, the analyst added. BofA maintains a Buy rating on ARM, Neutral rating on AMD and Underperform on Intel.