“We are seeing power user devices for local LLM deployment becoming a material part of the mix and changing the unit price average as a result,” Dickens said.

At some point, enterprises will have to upgrade PCs, and the market will also turn around, McCarron said. If a soft PC market goes on for too long, “it will turn into a larger boom perhaps a year later,” McCarron said.

“It’ll result in a larger PC upgrade cycle down the road,” McCarron said. “It’s like compressing a spring. The longer you hold it down, the harder it snaps back.”