Re-check the moat every quarter
0.8%
4.5%
10.7%
23.1%
28.8%
20172019202120232025
| 2017 | 0.8% |
| 2019 | 4.5% |
| 2021 | 10.7% |
| 2023 | 23.1% |
| 2025 | 28.8% |
Intel ruled server chips for decades. Then AMD took a little more of the market every year
Why it matters
A moat rarely breaks in a day: it wears away a few points a year, and the quarterly numbers show it first. AMD’s share of server chips rose at the end of every year from 2017 to 2025.