The AI-capable PC market is gaining significant momentum, with leading companies like Apple Inc (NASDAQ:AAPL), Intel Corp (NASDAQ:INTC), Advanced Micro Devices, Inc (NASDAQ:AMD), and Qualcomm Inc (NASDAQ:QCOM) leading this technological shift.

According to Canalys data, 8.8 million AI-capable PCs were shipped in the second quarter of 2024, representing 14% of all PCs shipped during the quarter.

Apple continues to dominate the AI-capable PC market with its entire Mac lineup, which features M-series chips with the Neural Engine. The company recently unveiled Apple Intelligence, a new AI feature.

On the Windows side, OEMs like Lenovo, HP Inc (NYSE:HPQ), and Dell Technologies Inc (NYSE:DELL) are significantly expanding their AI-capable PC portfolios.

Lenovo introduced its first Snapdragon X-powered PCs, driving a 228% sequential increase in AI-capable PC shipments. HP launched new AI-focused models, boosting its AI-capable PC share within Windows shipments by around 8%. Dell followed suit with AI-powered devices capturing nearly 7% of its Windows shipments.

Intel and AMD are also making significant strides in the AI-capable PC market.

Intel has committed to shipping chips for over 100 million AI PCs by 2025, including over 40 million in 2024.

JPMorgan analyst Harlan Sur expects AMD to grow data center GPU revenue by over $5 billion in fiscal 2024 as it continues to win market share from Intel in server and PC CPUs.

JPMorgan analyst Samik Chatterjee expects Qualcomm's PC-related revenue to climb from $300 million in 2024 to $3.7 billion in 2027.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Illustration created using artificial intelligence via DALL-E.