"It is possible to argue that some of Intel’s woes are self-inflicted, as its inability to crack the mobile market has cost it sockets at Apple, which has started to use its own silicon chips in its Mac PCs, and Advanced Micro Devices has taken market share in the wider microprocessor market at Intel’s expense," Mould said.
"AMD's Genoa and Bergamo chips have a strong price-performance advantage compared to Intel's Sapphire Rapids processors, which should drive further AMD share gains," said Matt Wegner, analyst at YipitData. "The magnitude of the deterioration is stunning, and brings potential concern to the company's cash position over time."