<p>今年无疑是芯片股票的年份。半导体制造商 <strong>AMD</strong>(NASDAQ:AMD) 和 <strong>Qualcomm</strong>(NASDAQ:QCOM)，以及行业领导者 <strong>Nvidia</strong>(NASDAQ:NVDA) 和前领导者 <strong>Intel</strong>(NASDAQ:INTC) 继续在投资者中引发大量讨论，关于哪家公司将脱颖而出。目前，Nvidia 似乎在进一步拉开与其他公司的差距，其高性能 GPU 成为开发大型 AI 模型和应用程序的公司首选芯片。</p>
<p>然而，AMD 和 Qualcomm 是我认为值得深入研究的两家芯片制造商，因为这些公司在中端市场争夺市场份额。AMD 更被视为 Nvidia 的竞争对手，而 Qualcomm 的重点主要在智能手机芯片上。然而，这两家公司的整体市场份额情况仍然模糊，这也是我认为可能存在一些值得深入研究的估值差异的地方。</p>
<p>让我们比较这两家公司，并得出哪个是更好的芯片股票的结论。</p>
<h2>本文的关键点：</h2>
<ul>
<li>半导体行业是一个多样化且竞争激烈的领域，许多顶级公司的整体市场份额情况仍然模糊。</li>
<li>这是对 AMD 和 Qualcomm 的比较，以及目前哪个是更好的芯片股票。</li>
<li>如果你在寻找一些具有巨大潜力的股票，确保获取我们 <strong>全新的 “下一个 NVIDIA” 报告</strong> 的免费副本。它包含了一只我们相信具有 10 倍潜力的软件股票。</li>
</ul>
<h2>超级微型设备公司 (AMD)</h2>
<p><img src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2021/12/imageForEntry47-cIX.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2021/12/imageForEntry47-cIX.jpg"/></p>
<p>AMD 办公楼的图片</p>
<p>AMD 无疑是许多投资者寻求增长的高性能芯片制造商之一。尽管该公司在过去一年中确实经历了一些强劲的营收和净利增长，但 Nvidia 在 AI 芯片竞赛中领先的事实意味着投资者对该公司的关注度降低。这也导致 AMD 股票落后于其半导体同行，截至撰写时，年初至今仅上涨 6%，与 Nvidia 今年的相对表现相比，差距非常大。</p>
<p>这意味着公司的估值没有同样程度的扩张，按市值约 2500 亿美元计算，AMD 仍然是一家规模不到 Nvidia 十分之一的公司。因此，许多投资者对该公司的疑问是，未来几年竞争格局可能会是什么样子。</p>
<p>如果 AMD 能通过其新芯片发布（包括公司的新 MI325X AI 芯片）获得市场份额，有些投资者相信 AMD 可以在长期内成为 Nvidia 及其 Blackwell 平台的潜在竞争对手。当然，如果 Nvidia 继续拉开与其他公司的差距，这可能就不会发生。我们需要拭目以待。</p>
<p>我认为投资者将在 AMD 报告其 2024 财年第三季度业绩时获得更多关于这一论点的信息，预计在 10 月 29 日发布。目前，这是一只在潜在 AI 受益者中值得密切关注的股票。</p>
<h2>高通 (Qualcomm)</h2>
<p><img src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2022/07/imageForEntry9-G7m.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2022/07/imageForEntry9-G7m.jpg"/></p>
<p>高通体育场</p>
<p>高通以智能手机处理器而闻名，在 2024 年第二季度占据 31% 的市场份额。令人印象深刻的是，这一市场份额数字实际上比去年上升了 29%，缩小了与领导者联发科 32% 的差距。AI 进展提升了高通的地位，预计到 2027 年将占据近 50% 的 AI 智能手机处理器市场，远超联发科的 13%。高通的芯片为三星 Galaxy S24 等设备提供动力，并在中国获得了 traction，2024 年第三季度的收入同比增长 50%。</p>
<p>高通正在从 AI 智能手机扩展到 AI 驱动的 PC。值得注意的是，该公司已经为来自微软、戴尔和联想等品牌的 20 多款 AI 兼容 PC 型号提供动力。展望未来，高通正在合作开发 2025 年的型号，旨在本地运行生成性 AI。预计明年 AI PC 销售将增长 165%，所有 PC 中预计有 43% 将具备 AI 功能，高通正定位自己以进入这一扩展市场。</p>
<p>高通在 2024 财年前九个月的收入增长近 6%，仅第三季度就显示出 11% 的增长。费用仅增长 2%，而 7.68 亿美元的投资收入使净收入超过 72 亿美元，增长 26%。尽管经历了春季抛售，过去一年股票上涨了 55%，市盈率为 22。这对于主要半导体公司来说相对较低，因此可能使这只股票成为价值投资者在这一领域相对看好的选择。随着收入增长加速，高通的估值可能变得更具吸引力，我认为这是一只从基本面角度来看目前可能有更多上行空间的股票。</p>
<h2>更好的选择：高通</h2>
<p><img src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2024/05/shutterstock-1920348083-huge-licensed-scaled.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2024/05/shutterstock-1920348083-huge-licensed-scaled.jpg"/></p>
<p>白色键盘上的绿色 “买入” 键</p>
<p>AMD 和高通都处于有利于利用 AI 相关芯片支出激增的地位。但一般来说，如果 AMD 的新芯片能够吸引希望在这一项支出上节省资金的大客户（假设该公司能够制造出更强大的芯片，能够实际侵蚀 Nvidia 的市场份额），那么 AMD 可能会成为更大的受益者。</p>
<p>话虽如此，我确实认为 AMD 面临的问题比高通更多。高通在其核心市场是一个已知的商品，尽管智能手机芯片市场竞争激烈（许多核心客户选择自己生产芯片，如苹果），但高通的基本面确实更为优越。目前，这使得高通成为投资者在这两者之间选择时的最佳选择。</p>
<h2><strong>参加这个退休测验以立即与顾问匹配（赞助）</strong></h2>
<p>你准备好退休了吗？退休规划可能会让人感到不知所措，因此今天与一位受托财务顾问讨论你的目标可能是个好主意。</p>
<p>首先，点击这里参加来自 SmartAsset 的退休测验，这将帮助你在 5 分钟内匹配到最多 3 位服务于你所在地区及其他地区的财务顾问。SmartAsset 目前每月为超过 50,000 人提供匹配服务。</p>
<p>现在点击这里开始。</p>
<p>这篇文章最初发布于 24/7 Wall St.，标题为 AMD vs. QCOM: 这是更好的芯片股票。</p>

<p>本文比较了半导体公司 AMD 和 Qualcomm，突出了它们的市场地位和增长潜力。虽然 AMD 在 AI 芯片性能上落后于 Nvidia，但随着新芯片的推出，被视为潜在竞争者。Qualcomm 以智能手机处理器闻名，正在扩展到支持 AI 的个人电脑领域，并预计到 2027 年将占据 AI 智能手机市场的显著份额。这两家公司在竞争激烈的行业中争夺市场份额，使它们成为芯片股票投资中值得关注的对象</p>

<p>This year has certainly been the year of the chip stock. Semiconductor makers <strong>AMD</strong>(NASDAQ:AMD) and <strong>Qualcomm</strong>(NASDAQ:QCOM), as well as industry leaders <strong>Nvidia</strong>(NASDAQ:NVDA) and former leader <strong>Intel</strong>(NASDAQ:INTC) continue to inspire plenty of discussion among investors in terms of which company will come out ahead. For now, Nvidia appears to be pulling further away from the pack, with its high-performance GPUs the chips of choice for companies developing large AI models and applications to serve their customers.</p>
<div class="lb-trans"><p>今年无疑是芯片股票的年份。半导体制造商 <strong>AMD</strong>(NASDAQ:AMD) 和 <strong>Qualcomm</strong>(NASDAQ:QCOM)，以及行业领导者 <strong>Nvidia</strong>(NASDAQ:NVDA) 和前领导者 <strong>Intel</strong>(NASDAQ:INTC) 继续在投资者中引发大量讨论，关于哪家公司将脱颖而出。目前，Nvidia 似乎在进一步拉开与其他公司的差距，其高性能 GPU 成为开发大型 AI 模型和应用程序的公司首选芯片。</p>
</div><p>However, AMD and Qualcomm are among the two chip makers I think are worth diving into more deeply, as these companies vie for market share in the medium-end of the market. AMD is viewed more closely as an Nvidia competitor, while Qualcomm’s focus is mainly on smartphone chips. However, the overall market share picture for both companies remains murky, and that’s where I think there can be some possible valuation disconnects worth diving into.</p>
<div class="lb-trans"><p>然而，AMD 和 Qualcomm 是我认为值得深入研究的两家芯片制造商，因为这些公司在中端市场争夺市场份额。AMD 更被视为 Nvidia 的竞争对手，而 Qualcomm 的重点主要在智能手机芯片上。然而，这两家公司的整体市场份额情况仍然模糊，这也是我认为可能存在一些值得深入研究的估值差异的地方。</p>
</div><p>Let’s compare and contrast these two companies and come to a conclusion about which is the better chip stock to buy.</p>
<div class="lb-trans"><p>让我们比较这两家公司，并得出哪个是更好的芯片股票的结论。</p>
</div><h2>Key Points About This Article:</h2>
<ul>
<li>The semiconductor sector is one that’s as diverse as it is competitive, with the overall market share picture for many top players remaining murky.</li>
<li>Here’s a comparison of AMD and Qualcomm, and which is the better chip stock to buy right now.</li>
<li>If you’re looking for some stocks with huge potential, make sure to grab a free copy of our <strong>brand-new “The Next NVIDIA” report</strong>. It features a software stock we’re confident has 10X potential.</li>
</ul>
<div class="lb-trans"><h2>本文的关键点：</h2>
<ul>
<li>半导体行业是一个多样化且竞争激烈的领域，许多顶级公司的整体市场份额情况仍然模糊。</li>
<li>这是对 AMD 和 Qualcomm 的比较，以及目前哪个是更好的芯片股票。</li>
<li>如果你在寻找一些具有巨大潜力的股票，确保获取我们 <strong>全新的 “下一个 NVIDIA” 报告</strong> 的免费副本。它包含了一只我们相信具有 10 倍潜力的软件股票。</li>
</ul>
</div><h2>Advanced Micro Devices (AMD)</h2>
<div class="lb-trans"><h2>超级微型设备公司 (AMD)</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2021/12/imageForEntry47-cIX.jpg" alt="" original-src="https://247wallst.com/wp-content/uploads/2021/12/imageForEntry47-cIX.jpg"/></p>
<p>Image of an AMD office building</p>
<div class="lb-trans"><p>AMD 办公楼的图片</p>
</div><p>AMD is certainly among the high-performance chip makers many investors have looked to for growth. And while the company has certainly seen some strong top and bottom-line growth over the past year, the fact that Nvidia is leading the pack in the AI chip race has meant less investor attention on this name. That’s also meant that AMD stock has lagged its semiconductor peers, posting year-to-date gains of only 6% at the time of writing, a very wide chasm when one looks at Nvidia’s relative performance this year.</p>
<div class="lb-trans"><p>AMD 无疑是许多投资者寻求增长的高性能芯片制造商之一。尽管该公司在过去一年中确实经历了一些强劲的营收和净利增长，但 Nvidia 在 AI 芯片竞赛中领先的事实意味着投资者对该公司的关注度降低。这也导致 AMD 股票落后于其半导体同行，截至撰写时，年初至今仅上涨 6%，与 Nvidia 今年的相对表现相比，差距非常大。</p>
</div><p>Now, that means the company’s valuation hasn’t expanded to the same degree, and at a market capitalization of around $250 billion, AMD is still a company that’s less than one-tenth the size of Nvidia. So, the question many investors have about this name is what the competitive landscape might look like a few years down the road.</p>
<div class="lb-trans"><p>这意味着公司的估值没有同样程度的扩张，按市值约 2500 亿美元计算，AMD 仍然是一家规模不到 Nvidia 十分之一的公司。因此，许多投资者对该公司的疑问是，未来几年竞争格局可能会是什么样子。</p>
</div><p>If AMD can gain market share via its new chip launches, including the company’snew MI325X AI chip, there are some investors out there who believe AMD can turn into a potential competitor to Nvidia and the company’s Blackwell platform over the long-term. Of course, if Nvidia continues pulling away from the pack, this may not be the case. We’ll have to see.</p>
<div class="lb-trans"><p>如果 AMD 能通过其新芯片发布（包括公司的新 MI325X AI 芯片）获得市场份额，有些投资者相信 AMD 可以在长期内成为 Nvidia 及其 Blackwell 平台的潜在竞争对手。当然，如果 Nvidia 继续拉开与其他公司的差距，这可能就不会发生。我们需要拭目以待。</p>
</div><p>I think investors will be able to glean more information about this thesis when AMD reports its Q3 2024 results, expected on Oct. 29. For now, this is a stock to watch closely when it comes to potential AI beneficiaries.</p>
<div class="lb-trans"><p>我认为投资者将在 AMD 报告其 2024 财年第三季度业绩时获得更多关于这一论点的信息，预计在 10 月 29 日发布。目前，这是一只在潜在 AI 受益者中值得密切关注的股票。</p>
</div><h2>Qualcomm (QCOM)</h2>
<div class="lb-trans"><h2>高通 (Qualcomm)</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2022/07/imageForEntry9-G7m.jpg" alt="" original-src="https://247wallst.com/wp-content/uploads/2022/07/imageForEntry9-G7m.jpg"/></p>
<p>Qualcomm stadium</p>
<div class="lb-trans"><p>高通体育场</p>
</div><p>Qualcomm is well-known for smartphone processors, holding 31% of the market in Q2 2024. Impressively, this market share number is actually up from 29% the previous year, narrowing the gap with leader MediaTek at 32%. AI advancements have boosted Qualcomm’s position, with it projected to capture nearly 50% of the AI smartphone processor market by 2027, far ahead of MediaTek’s 13%. Qualcomm’s chips power devices like Samsung’s Galaxy S24 and have gained traction in China, where its Q3 2024 revenue rose 50% year-over-year.</p>
<div class="lb-trans"><p>高通以智能手机处理器而闻名，在 2024 年第二季度占据 31% 的市场份额。令人印象深刻的是，这一市场份额数字实际上比去年上升了 29%，缩小了与领导者联发科 32% 的差距。AI 进展提升了高通的地位，预计到 2027 年将占据近 50% 的 AI 智能手机处理器市场，远超联发科的 13%。高通的芯片为三星 Galaxy S24 等设备提供动力，并在中国获得了 traction，2024 年第三季度的收入同比增长 50%。</p>
</div><p>Qualcomm is expanding beyond AI smartphones into AI-enabled PCs. Notably, the. company already powers over 20 AI-capable PC models from brands like Microsoft, Dell, and Lenovo. Looking ahead, Qualcomm is collaborating on 2025 models designed to run generative AI locally. With AI PC sales projected to grow 165% next year and 43% of all PCs expected to be AI-capable, Qualcomm is positioning itself to tap into this expanding market.</p>
<div class="lb-trans"><p>高通正在从 AI 智能手机扩展到 AI 驱动的 PC。值得注意的是，该公司已经为来自微软、戴尔和联想等品牌的 20 多款 AI 兼容 PC 型号提供动力。展望未来，高通正在合作开发 2025 年的型号，旨在本地运行生成性 AI。预计明年 AI PC 销售将增长 165%，所有 PC 中预计有 43% 将具备 AI 功能，高通正定位自己以进入这一扩展市场。</p>
</div><p>Qualcomm’s revenue for the first nine months of fiscal 2024 grew nearly 6%, with Q3 alone showing 11% growth. Expenses rose just 2%, while $768 million in investment income boosted net income to over $7.2 billion, a 26% increase. Despite a spring sell-off, the stock is up 55% over the past year, with a price-earnings ratio of 22. That’s relatively low for major semiconductor firms, and thus could make this a stock value investors look at as a relative buy in this space. As revenue growth accelerates, Qualcomm’s valuation may become more attractive, and this is a stock I think could have more upside from a fundamentals perspective right now.</p>
<div class="lb-trans"><p>高通在 2024 财年前九个月的收入增长近 6%，仅第三季度就显示出 11% 的增长。费用仅增长 2%，而 7.68 亿美元的投资收入使净收入超过 72 亿美元，增长 26%。尽管经历了春季抛售，过去一年股票上涨了 55%，市盈率为 22。这对于主要半导体公司来说相对较低，因此可能使这只股票成为价值投资者在这一领域相对看好的选择。随着收入增长加速，高通的估值可能变得更具吸引力，我认为这是一只从基本面角度来看目前可能有更多上行空间的股票。</p>
</div><h2>Better Buy: Qualcomm</h2>
<div class="lb-trans"><h2>更好的选择：高通</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2024/05/shutterstock-1920348083-huge-licensed-scaled.jpg" alt="" original-src="https://247wallst.com/wp-content/uploads/2024/05/shutterstock-1920348083-huge-licensed-scaled.jpg"/></p>
<p>A green “buy” key on a white keyboard</p>
<div class="lb-trans"><p>白色键盘上的绿色 “买入” 键</p>
</div><p>AMD and Qualcomm are both positioned to capitalize on AI-related surges in chip spending. But it’s generally true that AMD will likely be a bigger beneficiary, if its new chips can attract major clients looking to save money on this line item (assuming the company can create more powerful chips that can realistically eat into Nvidia’s market share).</p>
<div class="lb-trans"><p>AMD 和高通都处于有利于利用 AI 相关芯片支出激增的地位。但一般来说，如果 AMD 的新芯片能够吸引希望在这一项支出上节省资金的大客户（假设该公司能够制造出更强大的芯片，能够实际侵蚀 Nvidia 的市场份额），那么 AMD 可能会成为更大的受益者。</p>
</div><p>That said, I do think there are more questions for AMD than Qualcomm. Qualcomm is a known commodity in its core market, and while there is certainly high levels of competition in the smartphone chip market (with many core clients choosing to produce their own chips, like Apple), it’s also true that Qualcomm’s fundamentals are superior. Right now, this places Qualcomm as the optimal pick for investors looking to choose between the two right now.</p>
<div class="lb-trans"><p>话虽如此，我确实认为 AMD 面临的问题比高通更多。高通在其核心市场是一个已知的商品，尽管智能手机芯片市场竞争激烈（许多核心客户选择自己生产芯片，如苹果），但高通的基本面确实更为优越。目前，这使得高通成为投资者在这两者之间选择时的最佳选择。</p>
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<div class="lb-trans"><h2><strong>参加这个退休测验以立即与顾问匹配（赞助）</strong></h2>
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<div class="lb-trans"><p>你准备好退休了吗？退休规划可能会让人感到不知所措，因此今天与一位受托财务顾问讨论你的目标可能是个好主意。</p>
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<div class="lb-trans"><p>现在点击这里开始。</p>
</div><p>The post AMD vs. QCOM: This Is the Better Chip Stock to Buy appeared first on 24/7 Wall St..</p>
<div class="lb-trans"><p>这篇文章最初发布于 24/7 Wall St.，标题为 AMD vs. QCOM: 这是更好的芯片股票。</p>
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AMD vs. QCOM: This Is the Better Chip Stock to Buy

- 半导体行业竞争激烈，Nvidia 领先，AMD 和 Qualcomm 争夺市场份额。  
- AMD 今年增长缓慢，市值远低于 Nvidia，需关注新芯片表现。  
- Qualcomm 在智能手机市场占有率上升，预计 AI 相关产品将推动未来增长。  

AMD 与 QCOM：哪只芯片股票更值得购买