CPU Shortage
2 analysis reports
Amdahl’s Revenge
Why Your Blackwell Cluster Sits 80% Idle. And Who Captures the Gap.
Semiconductors18 Apr 2026Long AMD, NVDA, TSM · Follow-up to CPU Shortage
GPU utilization drops under 20% in agent loops. The other 80% is CPU orchestration — tool processing accounts for up to 90.6% of total latency (Raj et al., arXiv:2511.00739). Amdahl’s Law applied to AI capex: throwing more Blackwells at agent workflows yields almost nothing. NVIDIA shipping Vera as standalone CPU confirms the rerating. AMD, TSM still highest conviction; NVDA gets a hidden CPU growth pillar.
The CPU Shortage
Agentic AI Flips the Ratio. Intel Hikes Prices 30%. AMD Takes Share.
Semiconductors16 Apr 2026Long AMD, TSMC · Intel contrarian
Server CPU orders up 50% YoY. Intel at 95% utilization, hiking prices 30%. CPU:GPU ratio shifting from 1:12 to 1:4 as agentic AI demands 4x more CPU cores. AMD taking server share (Intel 65% → 50%). Nvidia and Arm both entering CPU market confirms structural shift.