The Zhitong Finance App learned that Guoxin Securities released a research report saying that AI agents drive CPU demand and aim to support agent task orchestration, sandbox, tool operation, etc. According to IDC disclosed data, the global CPU market is expected to grow to US$13.78 billion in 2030, corresponding to a CAGR of 34.1% over 25-30 years; the domestic CPU market is also growing rapidly, and the domestic CPU market share continues to rise.
Guoxin Securities's main views are as follows:
CPU is the core of the computer, and performance continues to improve
The CPU is the caller and operator of the program. Every instruction of the program must be analyzed and executed by the CPU. The outside world inputs data to the computer, and the CPU is required to receive it; after the program is running, the CPU is required to issue instructions before the calculation results can be output to the outside world. Judging from the history of CPU development, the word length, number of transistors, main frequency, and number of cores of CPUs continue to increase.
CPU demand side: AIAgent drives CPU demand growth
In 2025, the global CPU market size is 74.737 billion US dollars, YoY +10%, of which the consumer CPU market is 44.530 billion US dollars, YoY +9%, server CPU market size is 30.207 billion US dollars, YoY +12%. CPU demand driver 1: The AIHeadNode ratio gradually changed from 4:1 to 2:1. Nvidia released the GB200 superchip in '24, and its CPU:GPU configuration was raised to 1:2. With the rapid increase in the penetration rate of Nvidia's next-generation chips, the AIHeadNode ratio is expected to gradually change from 4:1 to 2:1. CPU demand driver 2: The AI model is gradually shifting from chatbot to agent workflow. The CPU is responsible for orchestrating relationships between sub-agents. At the same time, external resources (such as databases, search engines, etc.) called by each sub-agent also require CPU support, which drives CPU demand to begin to grow. In May 2026, AMD held an earnings conference call. AMD CEO Su Zifeng raised the global server CPU market size to 120 billion in 2030, increasing the corresponding annual growth rate to 35% +.
CPU supply side: x86 architectures are the main, and the proportion of ARM architectures continues to increase
1) Server CPUs: In 2025, x86 architectures and ARM architectures accounted for 87.0% and 10.0% respectively. x86 architectures dominated, and ARM continued to increase; Intel and AMD occupied the main market share, and AWS and Nvidia developed CPUs rapidly. 2) Consumer CPUs: Computer CPUs mainly include desktop CPUs and laptop CPUs. Intel and AMD occupy the main market share; tablet CPUs take into account characteristics such as low power consumption and long battery life. ARM architecture CPUs occupy the main market share, and Apple, Qualcomm, and MediaTek are the global leaders.
Global CPU prices are rising, and domestic CPU replacement is expected to accelerate
Global CPU supply will be in short supply in 2026, and CPU prices from Intel and AMD will rise. Domestic CPU companies such as Haiguang Information and Hisilicon Kunpeng are expected to accelerate.
Risk warning: the risk of CPU demand falling short of expectations, the risk of falling CPU prices, and the risk of replacing third-party CPUs with CPUs developed by major Internet companies.