PC market recovery gathers pace as Intel, AMD tout potential of 'AI PC'

© Reuters. FILE PHOTO: A smartphone with a displayed Intel logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo) have offered more evidence a recovery is gathering pace in the personal computer market, boding well for an industry that had been grappling with a supply glut after the pandemic.

"The arrival of the AI PC represents an inflection point in the PC industry," said Intel CEO Pat Gelsinger. AMD boss Lisa Su said she"expected some growth going into 2024 as we think about sort of the AI PC cycle and some of the ," said Justin Sumner, senior portfolio manager at Voya Investment Management, an investor in both AMD and Intel.

PC makers have been trying to clear their inventory as they expect a boost in demand during the holiday season and ahead of an expected Windows update next year from Microsoft . It expects the adoption of AI-capable PCs to speed up from 2025 onwards, and make up around 60% of all PCs shipped in 2027.

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