Due to chip manufacturing issues and repeated delays in moving to next-generation process technology, Goldman Sachs has downgraded Intel to sell from neutral, as they believe these struggles will have a great impact on the company's competitive position. Sachs has done the exact opposite for AMD, however, upgrading its rating to neutral from sell, thanks to shares being up more than 80%.

"We believe Intel's struggles will provide a reason for customers (PC OEMs, server OEMs, Cloud Service Providers, etc.) to adopt, or at least investigate, AMD's product," he said. Hari estimates AMD server chip market share will rise to 5.1 percent in 2019 and increase to 9.4 percent in 2020 from an estimated 2.2 percent this year.