SemiAnalysis：CPU回归——2026年数据中心CPU格局展望报告（中英版）

Since 2023, the datacenter story has been simple. GPUs and networking are king. Thearrival and subsequent explosion of AI Training and Inference have shifted computedemands away from the CPU. This meant that Intel, the primary supplier of serverCPUs, failed to ride the wave of datacenter buildout and spending. Server CPUrevenue remained relatively stagnant as hyperscalers and neoclouds focused on GPUsand datacenter infrastructure.