<p><strong>英特尔</strong>(INTC -3.97%) 的股价在周三下跌。这家半导体巨头的股票在东部时间下午 3:30 时下跌了 4.4%，当天早些时候一度下跌了 4.9%。此次下跌发生在 <strong>标准普尔 500 指数</strong> 下跌 0.2% 和 <strong>纳斯达克综合指数</strong> 上涨 0.3% 之际。</p>
<p>花旗研究报告显示，英特尔的市场份额已降至 20 年来的最低点，竞争对手 <strong>Arm Holdings</strong> 则取得了显著的增长。</p>
<h2>英特尔的市场份额创历史新低</h2>
<p>在周三发布的花旗研究报告后，英特尔的股价下跌，该报告突显了这家芯片制造商的一个令人担忧的趋势。报告显示，英特尔在 2025 年第一季度的芯片出货份额下降了超过 1.8%，降至 65.3%。这是自花旗在 2002 年开始对该行业进行建模以来的最低水平。</p>
<p>市场份额的下降正值 Arm Holdings 取得了显著增长，其市场份额从 2024 年第四季度的 10.8% 扩大至 2025 年第一季度的 13.6%。<strong>超微半导体</strong> 也失去了市场份额，但在公司宣布进行 60 亿美元的股票回购后，该公司的股价受到的影响较小。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTgzMjUvZ2V0dHlpbWFnZXMtMTQ4MDkyNTExOC0xMjAweDgwMS1kMjFiNDVkLmpwZyZ3PTcwMA?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://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTgzMjUvZ2V0dHlpbWFnZXMtMTQ4MDkyNTExOC0xMjAweDgwMS1kMjFiNDVkLmpwZyZ3PTcwMA"/></p>
<p>图片来源：Getty Images。</p>
<h2>结构性转变持续</h2>
<p>数据显示，英特尔面临的困境愈发严重。Arm 的超高能效芯片设计传统上主导了移动市场，但在笔记本电脑、数据中心和其他市场上远远落后于英特尔。这种情况似乎正在发生变化，至少在目前是如此。尽管有令人担忧的消息，花旗仍对英特尔的股票维持中性评级。</p>
<p>我认为在这里采取观望态度是合理的。我认为英特尔最终能够扭转局面，但这并不是保证。新任首席执行官在接下来的一年如何应对，将对其未来产生重大影响。</p>

英特尔

<p>根据花旗研究报告，英特尔的股票因市场份额下降而下跌了 4.4%，其市场份额在 2025 年第一季度降至 65.3%，创下二十年来的新低。与此同时，竞争对手 Arm Holdings 的市场份额上升至 13.6%。尽管股价下跌，花旗对英特尔维持中性评级，建议采取观望态度，因为新任首席执行官的举措对公司的未来至关重要</p>

<p>Shares of <strong>Intel</strong>(INTC -3.97%) are falling on Wednesday. The semiconductor giant's stock lost 4.4% as of 3:30 p.m. ET and as much as 4.9% earlier in the day. The fall comes as the <strong>S&amp;P 500</strong> lost 0.2% and the <strong>Nasdaq Composite</strong> rose 0.3%.</p>
<div class="lb-trans"><p><strong>英特尔</strong>(INTC -3.97%) 的股价在周三下跌。这家半导体巨头的股票在东部时间下午 3:30 时下跌了 4.4%，当天早些时候一度下跌了 4.9%。此次下跌发生在 <strong>标准普尔 500 指数</strong> 下跌 0.2% 和 <strong>纳斯达克综合指数</strong> 上涨 0.3% 之际。</p>
</div><p>A Citi research note revealed Intel's market share has fallen to a two-decade low as rival <strong>Arm Holdings</strong> makes significant gains.</p>
<div class="lb-trans"><p>花旗研究报告显示，英特尔的市场份额已降至 20 年来的最低点，竞争对手 <strong>Arm Holdings</strong> 则取得了显著的增长。</p>
</div><h2>Intel's market share hits historic low</h2>
<div class="lb-trans"><h2>英特尔的市场份额创历史新低</h2>
</div><p>Intel shares declined after a Citi research note published Wednesday highlighted a concerning trend for the chipmaker. The note revealed that Intel's share of chip shipments fell by more than 1.8% to 65.3% in the first quarter of 2025. That's the lowest level since Citi began modeling the industry in 2002.</p>
<div class="lb-trans"><p>在周三发布的花旗研究报告后，英特尔的股价下跌，该报告突显了这家芯片制造商的一个令人担忧的趋势。报告显示，英特尔在 2025 年第一季度的芯片出货份额下降了超过 1.8%，降至 65.3%。这是自花旗在 2002 年开始对该行业进行建模以来的最低水平。</p>
</div><p>This drop in market share comes as Arm Holdings made substantial gains, expanding its share to 13.6% in the first quarter from 10.8% in the fourth quarter of 2024. <strong>Advanced Micro Devices</strong> also ceded market share, but the company's stock was less affected by the news after the company announced a $6 billion stock buyback.</p>
<div class="lb-trans"><p>市场份额的下降正值 Arm Holdings 取得了显著增长，其市场份额从 2024 年第四季度的 10.8% 扩大至 2025 年第一季度的 13.6%。<strong>超微半导体</strong> 也失去了市场份额，但在公司宣布进行 60 亿美元的股票回购后，该公司的股价受到的影响较小。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTgzMjUvZ2V0dHlpbWFnZXMtMTQ4MDkyNTExOC0xMjAweDgwMS1kMjFiNDVkLmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F818325%2Fgettyimages-1480925118-1200x801-d21b45d.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>Structural shift continues</h2>
<div class="lb-trans"><h2>结构性转变持续</h2>
</div><p>The data highlights a troubling trend for the already embattled Intel. Arm's ultra energy-efficient chip design has traditionally dominated the mobile market, but lagged far behind Intel in laptops, data centers, and other markets. This looks to be shifting, at least for the time being. Despite the concerning news, Citi maintained its neutral rating on Intel stock.</p>
<div class="lb-trans"><p>数据显示，英特尔面临的困境愈发严重。Arm 的超高能效芯片设计传统上主导了移动市场，但在笔记本电脑、数据中心和其他市场上远远落后于英特尔。这种情况似乎正在发生变化，至少在目前是如此。尽管有令人担忧的消息，花旗仍对英特尔的股票维持中性评级。</p>
</div><p>I think a wait-and-see approach is valid here. I think Intel will eventually be able to turn the ship around, but it's far from guaranteed. How its new CEO handles the next year will speak volumes to its future.</p>
<div class="lb-trans"><p>我认为在这里采取观望态度是合理的。我认为英特尔最终能够扭转局面，但这并不是保证。新任首席执行官在接下来的一年如何应对，将对其未来产生重大影响。</p>
</div>

Why Intel Stock Is Sinking Today

- 英特尔股价周三下跌 4.4%，创两年来新低。  
- 根据花旗研究报告，英特尔市场份额降至 65.3%。  
- 同期，Arm Holdings 市场份额上升至 13.6%。  

为什么英特尔的股票今天会下跌