Agentic AI Drives CPU Demand Surge, Challenging GPU-Centric Narrative

TSMC's Q2 call explicitly flags agentic AI as a second CPU demand vector. Agentic workloads require 4x more cores per gigawatt and 15x token generation increases. AMD's server CPU share has grown to 46.2%, Arm targets $15B in AGI CPU revenue, and potential 2026 CPU shortages loom. This shift challenges the GPU-centric AI narrative and opens opportunities for CPU designers and memory makers.