The numbers appear to show that the market hit rock bottom at the end of last year and is starting show some small increases. Although the data is still muddled due to an ongoing inventory correction, this month's numbers show that Intel has lost sub-single-digit percentage points of share in the three major categories — desktop PC, mobile, and data center.

Mercury Research's last few CPU market updates came amidst shocking market declines and inventory corrections that measured as the largest the firm has recorded in 30 years, ultimately forcing the chipmakers to under-ship demand to balance out overstocked inventories.

Now, it seems that most think that the PC market hit bottom during the last quarter and will stabilise and return to moderate growth through the last half of the year.

Both AMD and Intel have said as much during their results. AMD CEO Lisa Su recently commented that "We believe the first quarter was the bottom for our client processor business," signaling that perhaps the worst of the turbulence has passed for AMD's consumer PCs business.

Intel's CEO Pat Gelsinger saw signs of improvement in the client PC space, saying, "We are seeing increasing stability in the PC market with inventory corrections largely proceeding as we had expected."

However both leaders admitted that the server market will be rubbish for the rest of the year as they have yet to reach their bottoms.