Hardware Technology_ Datacenter Market Insights, Part 1 – Overall Servers

Global server shipments totaled 4.0mn units in 4Q24 (+8% q/q, +25% y/y): General server momentum carried into 4Q, mainly driven by cloud, with the sequential increase in total shipments accelerating again from +1% q/q in 3Q to +8% q/q in 4Q. The delays in GB200 ramp might have also contributed to the strength in general servers, as cloud customers shifted some of their budgets to general servers in 4Q. On the enterprise side, we believe demand was only flat to up LSD in 2024 (vs total server shipment +17% y ...