<p><strong>先进微设备</strong>（纳斯达克：<strong>AMD</strong>）并没有像其芯片竞争对手 <strong>英伟达</strong>（纳斯达克：<strong>NVDA</strong>）一样看到相同的涨势。自年初以来，英伟达的股价已经上涨了超过 154%，而先进微设备的股票看起来相对平稳，仅在截至上周五的交易日上涨了 16.6%。</p>
<p>很明显，市场正在押注英伟达将继续在推出新的更好的人工智能加速器芯片方面领先市场。然而，投资者不应低估 AMD 进入蓬勃发展的人工智能芯片市场可能产生的影响。以下是先进微设备股票仍然是一个有利可图的人工智能押注的 3 个原因。</p>
<h2>人工智能市场仍然适合新进入者</h2>
<p>自去年年初以来，金融市场一直在为所谓的 “人工智能热潮” 而苦苦挣扎。初创公司 <strong>OpenAI</strong> 发布的 ChatGPT，一个生成式聊天机器人，吸引了市场观察者和普通市民的注意。</p>
<p>现在企业正竞相将这项新技术纳入其产品中，以提高业务效率并为股东创造价值。</p>
<p>英伟达是人工智能芯片市场的领导者。该芯片制造商目前拥有最先进的芯片，其面向开发人员的 CUDA 软件在帮助其 GPU 提供卓越性能方面取得了极大成功。</p>
<p>由于其主导地位，英伟达可以为其芯片定价溢价。例如，<strong>微软</strong>（纳斯达克：<strong>MSFT</strong>）计划在其当前财年支出超过 500 亿美元，其中很大一部分将用于购买英伟达的加速器。</p>
<p>这就是 AMD 进入市场几乎是必不可少的地方。AMD 的 MI300 和 MI325X 加速器提供了价格和性能的平衡，吸引了那些不专注于最新技术的企业。</p>
<h2>先进微设备股票在这里看起来不错</h2>
<p>AMD 正在加紧与不仅是英伟达，还有 <strong>英特尔</strong>（纳斯达克：<strong>INTC</strong>）和 <strong>高通</strong>（纳斯达克：<strong>QCOM</strong>）竞争。</p>
<p>上个月在台湾台北举行的 Computex 大会上，AMD 首席执行官 Lisa Su 确认了公司对人工智能的承诺。</p>
<p>Su 表示：“人工智能是我们的首要任务，我们正处于一个令人难以置信的激动人心的时刻，因为人工智能正在改变几乎每个行业，提高我们的生活质量，并重塑计算市场的各个部分。”</p>
<p>该芯片制造商推出了用于下一代人工智能笔记本电脑的 Ryzen AI 300 系列，这将更直接地与英特尔和高通竞争。AMD 还宣布了能够处理人工智能工作负载的 Ryzen 9000 系列台式机 CPU。</p>
<p>除了将于年底进入市场的 MI325X 外，AMD 还提供了连续加速器的路线图，包括 2025 年的 Instinct MI350 系列和 2026 年的 Instinct MI400 系列。</p>
<p>英特尔是人工智能加速器竞赛中的第三大竞争对手，但其 Gaudi 3 处理器在性能和硬件的某些方面落后，包括比 AMD 的 MI300 芯片更少的高带宽内存。这可能给 AMD 一些喘息之机，让其赶上英伟达。</p>
<h2>AMD 比 NVDA 便宜</h2>
<p>英伟达股价在 2024 年翻了一番多，以至于有一段时间该芯片制造商是全球市值最高的公司，这一涨势也导致估值的相应增加。</p>
<p>英伟达现在的前瞻性盈利倍数为 43.3 倍，几乎是该芯片制造商六个月前的两倍。相比之下，AMD 的前瞻性盈利倍数为 42.7 倍，使 AMD 的股票略显便宜。</p>
<p>如果我们看销售倍数，差异更大。AMD 的前瞻性销售倍数为 10.1 倍，而英伟达的销售倍数超过 AMD 的两倍多。</p>
<p>总之，AMD 在这场人工智能芯片竞赛中扮演着重要角色，希望参与这场 “热潮” 的投资者应考虑购买 AMD，尤其是当其当前交易价格比英伟达便宜时。</p>
<p>_在发布日期，Tyrik Torres 在本文中提到的证券中没有（直接或间接）持有任何头寸。本文中表达的观点属于作者本人，受到 InvestorPlace.com 发布指南的约束。</p>
<p>_在发布日期，负责编辑在本文中提到的证券中没有（直接或间接）持有任何头寸。</p>
<p>Tyrik Torres 从大学时代开始研究和参与金融市场，他特别热衷于帮助人们理解复杂的系统。他的专业领域包括半导体和企业软件股票。他在投资（公开市场和私人市场）和投资银行方面都有工作经验。</p>
<p>技术，人工智能，半导体</p>

高通

<p>尽管股价没有像竞争对手英伟达那样出现同样的涨势，但先进微设备（AMD）仍然是一个有利可图的人工智能赌注。人工智能市场仍然对新进入者充满机遇，AMD 进军人工智能芯片市场至关重要。AMD 正在加大力度与英伟达、英特尔和高通竞争，其股价比英伟达便宜。投资者应考虑购买 AMD 股票，尤其是在当前折扣价位时</p>

<p><strong>Advanced Micro Devices</strong> (NASDAQ:<strong>AMD</strong>) is not seeing the same rally as its chip counterpart <strong>Nvidia</strong> (NASDAQ:<strong>NVDA</strong>). Nvidia’s share price has rallied more than 154% since the start of the year, while Advanced Micro Devices stock appears relatively flat, only appreciating 16.6% for the year as of last Friday’s trading session.</p>
<div class="lb-trans"><p><strong>先进微设备</strong>（纳斯达克：<strong>AMD</strong>）并没有像其芯片竞争对手 <strong>英伟达</strong>（纳斯达克：<strong>NVDA</strong>）一样看到相同的涨势。自年初以来，英伟达的股价已经上涨了超过 154%，而先进微设备的股票看起来相对平稳，仅在截至上周五的交易日上涨了 16.6%。</p>
</div><p>It’s clear the market is betting on Nvidia to continue to lead the market in terms of churning out new and better AI accelerator chips. However, investors should not be underestimating the potential impact of AMD’s entrance into the burgeoning AI chip market.vBelow are 3 reasons Advanced Micro Devices stock remains a lucrative AI bet.</p>
<div class="lb-trans"><p>很明显，市场正在押注英伟达将继续在推出新的更好的人工智能加速器芯片方面领先市场。然而，投资者不应低估 AMD 进入蓬勃发展的人工智能芯片市场可能产生的影响。以下是先进微设备股票仍然是一个有利可图的人工智能押注的 3 个原因。</p>
</div><h2>AI Market Remains Ripe for New Entrants</h2>
<div class="lb-trans"><h2>人工智能市场仍然适合新进入者</h2>
</div><p>Financial markets have been reeling from the so-called “AI craze” since earlier last year. Startup <strong>OpenAI</strong>‘s release of ChatGPT, a generative chatbot, captured the minds and imaginations of market watchers and average citizens alike.</p>
<div class="lb-trans"><p>自去年年初以来，金融市场一直在为所谓的 “人工智能热潮” 而苦苦挣扎。初创公司 <strong>OpenAI</strong> 发布的 ChatGPT，一个生成式聊天机器人，吸引了市场观察者和普通市民的注意。</p>
</div><p>Now enterprises are racing to incorporate the new technology into their products to both create business efficiencies as well as value for shareholders.</p>
<div class="lb-trans"><p>现在企业正竞相将这项新技术纳入其产品中，以提高业务效率并为股东创造价值。</p>
</div><p>Nvidia is the leader in the AI chip market. The chipmaker has the most advanced chips as of now, and its CUDA software for developers has been extremely successful in helping its GPU deliver top-notch performance.</p>
<div class="lb-trans"><p>英伟达是人工智能芯片市场的领导者。该芯片制造商目前拥有最先进的芯片，其面向开发人员的 CUDA 软件在帮助其 GPU 提供卓越性能方面取得了极大成功。</p>
</div><p>Because of its dominance, Nvidia can command a premium price for its chips. <strong>Microsoft</strong> (NASDAQ:<strong>MSFT</strong>), for example, is planning to spend more than $50 billion on capital expenditures during its current fiscal year, and a lot of that is going to purchase Nvidia’s accelerators.</p>
<div class="lb-trans"><p>由于其主导地位，英伟达可以为其芯片定价溢价。例如，<strong>微软</strong>（纳斯达克：<strong>MSFT</strong>）计划在其当前财年支出超过 500 亿美元，其中很大一部分将用于购买英伟达的加速器。</p>
</div><p>This is where AMD’s entry into the market is almost essential. AMD’s MI300 and MI325X accelerators offer a balance of price and performance, appealing to enterprises not focused on the latest technology.</p>
<div class="lb-trans"><p>这就是 AMD 进入市场几乎是必不可少的地方。AMD 的 MI300 和 MI325X 加速器提供了价格和性能的平衡，吸引了那些不专注于最新技术的企业。</p>
</div><h2>Advanced Micro Devices Stock Looks Good Here</h2>
<div class="lb-trans"><h2>先进微设备股票在这里看起来不错</h2>
</div><p>AMD is ramping up to compete with not just Nvidia but also <strong>Intel</strong> (NASDAQ:<strong>INTC</strong>) and <strong>Qualcomm</strong> (NASDAQ:<strong>QCOM</strong>).</p>
<div class="lb-trans"><p>AMD 正在加紧与不仅是英伟达，还有 <strong>英特尔</strong>（纳斯达克：<strong>INTC</strong>）和 <strong>高通</strong>（纳斯达克：<strong>QCOM</strong>）竞争。</p>
</div><p>During the Computex conference last month in Taipei, Taiwan, AMD CEO Lisa Su solidified her firm’s commitment to AI.</p>
<div class="lb-trans"><p>上个月在台湾台北举行的 Computex 大会上，AMD 首席执行官 Lisa Su 确认了公司对人工智能的承诺。</p>
</div><p>“AI is our number one priority and we’re at the beginning of an incredibly exciting time for the industry as AI transforms virtually every business, improves our quality of life, and reshapes every part of the computing market,” Su said.</p>
<div class="lb-trans"><p>Su 表示：“人工智能是我们的首要任务，我们正处于一个令人难以置信的激动人心的时刻，因为人工智能正在改变几乎每个行业，提高我们的生活质量，并重塑计算市场的各个部分。”</p>
</div><p>The chipmaker unveiled the Ryzen AI 300 series for next-generation AI laptops, which would compete more directly with Intel and Qualcomm. AMD also announced the Ryzen 9000 series desktop CPUs which could handle AI workloads.</p>
<div class="lb-trans"><p>该芯片制造商推出了用于下一代人工智能笔记本电脑的 Ryzen AI 300 系列，这将更直接地与英特尔和高通竞争。AMD 还宣布了能够处理人工智能工作负载的 Ryzen 9000 系列台式机 CPU。</p>
</div><p>Along with MI325X which will enter the market at the end of the year, AMD also gave the road map for successive accelerators, including the Instinct MI350 series for 2025 and the Instinct MI400 series for 2026.</p>
<div class="lb-trans"><p>除了将于年底进入市场的 MI325X 外，AMD 还提供了连续加速器的路线图，包括 2025 年的 Instinct MI350 系列和 2026 年的 Instinct MI400 系列。</p>
</div><p>Intel is the third major competitor in the race for AI accelerators, yet its Gaudi 3 processors are behind in certain aspects of performance and hardware, including a smaller amount of high-bandwidth memory than AMD’s MI300 chip. This could give AMD some breathing room as it catches up with Nvidia.</p>
<div class="lb-trans"><p>英特尔是人工智能加速器竞赛中的第三大竞争对手，但其 Gaudi 3 处理器在性能和硬件的某些方面落后，包括比 AMD 的 MI300 芯片更少的高带宽内存。这可能给 AMD 一些喘息之机，让其赶上英伟达。</p>
</div><h2>AMD Is Cheaper than NVDA</h2>
<div class="lb-trans"><h2>AMD 比 NVDA 便宜</h2>
</div><p>Nvidia share price has more than double in 2024, so much so that even at one point the chipmaker was the world’s most valuable company, and this rally has led to comparable increase in valuation as well.</p>
<div class="lb-trans"><p>英伟达股价在 2024 年翻了一番多，以至于有一段时间该芯片制造商是全球市值最高的公司，这一涨势也导致估值的相应增加。</p>
</div><p>Nvidia now trades at 43.3x forward earnings, almost twice the valuation the chipmaker garnered six months ago. AMD, in comparison, trades at a 42.7x forward earnings, making AMD’s stock slightly cheaper.</p>
<div class="lb-trans"><p>英伟达现在的前瞻性盈利倍数为 43.3 倍，几乎是该芯片制造商六个月前的两倍。相比之下，AMD 的前瞻性盈利倍数为 42.7 倍，使 AMD 的股票略显便宜。</p>
</div><p>If we look at sales multiples, there is an even larger difference. AMD trades at 10.1x forward sales, while Nvidia trades at more than twice that sales multiple.</p>
<div class="lb-trans"><p>如果我们看销售倍数，差异更大。AMD 的前瞻性销售倍数为 10.1 倍，而英伟达的销售倍数超过 AMD 的两倍多。</p>
</div><p>That is all to say, AMD has a major role to play in this AI chip race, and investors looking to get in on the “craze” should consider buying AMD, especially when it is currently trading at such a discount to Nvidia.</p>
<div class="lb-trans"><p>总之，AMD 在这场人工智能芯片竞赛中扮演着重要角色，希望参与这场 “热潮” 的投资者应考虑购买 AMD，尤其是当其当前交易价格比英伟达便宜时。</p>
</div><p><em>On the date of publication, Tyrik Torres did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.</em></p>
<div class="lb-trans"><p>_在发布日期，Tyrik Torres 在本文中提到的证券中没有（直接或间接）持有任何头寸。本文中表达的观点属于作者本人，受到 InvestorPlace.com 发布指南的约束。</p>
</div><p><em>On the date of publication, the responsible editor did not have (either directly or indirectly) and positions in the securities mentioned in this article.</em></p>
<div class="lb-trans"><p>_在发布日期，负责编辑在本文中提到的证券中没有（直接或间接）持有任何头寸。</p>
</div><p>Tyrik Torres has been studying and participating in financial markets since he was in college, and he has particular passion for helping people understand complex systems. His areas of expertise are semiconductor and enterprise software equities. He has work experience in both investing (public and private markets) and investment banking.</p>
<div class="lb-trans"><p>Tyrik Torres 从大学时代开始研究和参与金融市场，他特别热衷于帮助人们理解复杂的系统。他的专业领域包括半导体和企业软件股票。他在投资（公开市场和私人市场）和投资银行方面都有工作经验。</p>
</div><p>Technology, Artificial Intelligence, Semiconductor</p>
<div class="lb-trans"><p>技术，人工智能，半导体</p>
</div>

3 Reasons Why Advanced Micro Devices Stock Is Still a Lucrative AI Bet

- Nvidia's stock price has surged 154% this year, while AMD's has only risen 16.6%. 
- AMD's entrance into the AI chip market offers a lucrative opportunity due to the growing demand for AI technology. 
- AMD is gearing up to compete with Nvidia, Intel, and Qualcomm in the AI chip market, offering a more affordable option for investors.

3 个原因说明为什么超威半导体的股票仍然是一个有利可图的人工智能投资