<p><strong>超微半导体</strong>(AMD -5.54%) 的股价今天大幅下跌，原因是分析师下调评级，指出其人工智能 (AI) 部门的疲软。</p>
<p>此外，该股票可能对一份悲观的就业报告以及关于半导体关税的新威胁作出了负面反应。最后，有报道称 <strong>OpenAI</strong> 计划首次自行生产 AI 芯片，这可能对像 AMD 和 <strong>英伟达</strong> 这样的供应商构成威胁。</p>
<p>因此，截至东部时间上午 11:28，该股票下跌了 6.3%。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzIxNzgvYS1zZW1pY29uZHVjdG9yLWJlaW5nLW1hZGUuanBnJnc9NzAw?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-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzIxNzgvYS1zZW1pY29uZHVjdG9yLWJlaW5nLW1hZGUuanBnJnc9NzAw"/></p>
<p>图片来源：Getty Images。</p>
<h2>AMD 遭遇打击</h2>
<p>今天抛售的主要原因是 <strong>Seaport Research</strong> 下调了对 AMD 的评级，从买入降至中性，指出供应链检查显示其 AI 芯片业务增长放缓。</p>
<p>其他报告似乎加剧了这些担忧，因为 8 月份的就业报告显示上个月仅新增 22,000 个职位，表明经济增长放缓。</p>
<p>此外，特朗普总统再次表示，他的政府将对未将生产转移到美国的半导体进口公司征收关税。目前尚不清楚该政策是否会影响总部位于美国的 AMD，但作为一家无厂半导体公司，AMD 与 <strong>台积电</strong> 等代工厂签订合同进行生产。该政策的不确定性可能也在施压该股票。</p>
<p>竞争对手如领先的 AI 芯片制造商英伟达今天也下跌，尽管这可能是对《金融时报》报道的反应，该报道指出 OpenAI 将首次开始生产自己的 AI 芯片，从而减少对像英伟达和 AMD 这样的外部合作伙伴的依赖。</p>
<h2>这对 AMD 意味着什么</h2>
<p>Seaport 关于 AI 业务增长放缓的报告是最令人担忧的消息，因为 AMD 已将自己定位为 AI GPU 领域的第二大公司，尽管远远落后于英伟达。</p>
<p>AMD 在第二季度报告了其 Instinct Mi350 AI 加速器的强劲销售。目前，尽管 Anthropic 的估值在本周早些时候翻倍至 1830 亿美元，但这一繁荣似乎仍然健康，但投资者应关注 AMD 是否有其他 AI 疲软的报告。</p>

OpenAI

英伟达

<p>先进微电子（AMD）的股价下跌了 6.3%，原因是 Seaport Research 的分析师下调了评级，指出其人工智能芯片部门的增长放缓。就业报告不佳和对半导体进口可能征收关税的消息进一步加剧了这一下跌。此外，关于 OpenAI 计划自行生产人工智能芯片的报道也引发了对 AMD 及其同行（包括英伟达）的担忧。尽管其人工智能加速器的销售强劲，但 AMD 的人工智能业务前景似乎不确定，导致投资者保持谨慎</p>

<p>Shares of <strong>Advanced Micro Devices</strong>(AMD -5.54%) were taking a dive today in response to an analyst downgrade, calling out weakness in its artificial intelligence (AI) division.</p>
<div class="lb-trans"><p><strong>超微半导体</strong>(AMD -5.54%) 的股价今天大幅下跌，原因是分析师下调评级，指出其人工智能 (AI) 部门的疲软。</p>
</div><p>In addition, the stock may have reacted negatively to a downbeat employment report, as well as a new threat about tariffs on semiconductors. Finally, reports came out showing that OpenAI was planning to make its own AI chips for the first time, which could threaten suppliers like AMD and <strong>Nvidia</strong>.</p>
<div class="lb-trans"><p>此外，该股票可能对一份悲观的就业报告以及关于半导体关税的新威胁作出了负面反应。最后，有报道称 <strong>OpenAI</strong> 计划首次自行生产 AI 芯片，这可能对像 AMD 和 <strong>英伟达</strong> 这样的供应商构成威胁。</p>
</div><p>As a result, the stock was down 6.3% as of 11:28 a.m. ET.</p>
<div class="lb-trans"><p>因此，截至东部时间上午 11:28，该股票下跌了 6.3%。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzIxNzgvYS1zZW1pY29uZHVjdG9yLWJlaW5nLW1hZGUuanBnJnc9NzAw" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F832178%2Fa-semiconductor-being-made.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>AMD gets dinged</h2>
<div class="lb-trans"><h2>AMD 遭遇打击</h2>
</div><p>The main reason for the sell-off today was a downgrade from Seaport Research, which lowered its rating on AMD from buy to neutral, noting that supply chain checks indicated slowing growth in its AI chip business.</p>
<div class="lb-trans"><p>今天抛售的主要原因是 <strong>Seaport Research</strong> 下调了对 AMD 的评级，从买入降至中性，指出供应链检查显示其 AI 芯片业务增长放缓。</p>
</div><p>Other reports seemed to add to those worries, as the August employment report showed that just 22,000 jobs were added last month, a sign of slowing economic growth.</p>
<div class="lb-trans"><p>其他报告似乎加剧了这些担忧，因为 8 月份的就业报告显示上个月仅新增 22,000 个职位，表明经济增长放缓。</p>
</div><p>Additionally, President Trump said again that his administration would impose tariffs on semiconductor imports for companies not moving production to the U.S. It's unclear if that policy would affect AMD, which is based in the U.S., but as a fabless chip company, contracts with foundries like <strong>TSMC</strong> for production. The uncertainty around the move may be weighing on the stock as well.</p>
<div class="lb-trans"><p>此外，特朗普总统再次表示，他的政府将对未将生产转移到美国的半导体进口公司征收关税。目前尚不清楚该政策是否会影响总部位于美国的 AMD，但作为一家无厂半导体公司，AMD 与 <strong>台积电</strong> 等代工厂签订合同进行生产。该政策的不确定性可能也在施压该股票。</p>
</div><p>Peers such as Nvidia, the leading AI chipmaker, also fell today, though that may be in response to a <em>Financial Times</em> report that OpenAI will begin production of its own AI chips for the first time, limiting reliance on outside partners like Nvidia and AMD.</p>
<div class="lb-trans"><p>竞争对手如领先的 AI 芯片制造商英伟达今天也下跌，尽管这可能是对《金融时报》报道的反应，该报道指出 OpenAI 将首次开始生产自己的 AI 芯片，从而减少对像英伟达和 AMD 这样的外部合作伙伴的依赖。</p>
</div><h2>What it means for AMD</h2>
<div class="lb-trans"><h2>这对 AMD 意味着什么</h2>
</div><p>Seaport's report of slowing growth in the AI business is the most concerning news item, as AMD has positioned itself as the No. 2 company in AI GPUs, though it's well behind Nvidia.</p>
<div class="lb-trans"><p>Seaport 关于 AI 业务增长放缓的报告是最令人担忧的消息，因为 AMD 已将自己定位为 AI GPU 领域的第二大公司，尽管远远落后于英伟达。</p>
</div><p>AMD reported strong sales of its Instinct Mi350 AI accelerators in the second quarter. At this point, the boom still seems healthy after Anthropic's valuation doubled to $183 billion earlier this week, but investors should keep their eyes out for any other reports of AI weakness at AMD.</p>
<div class="lb-trans"><p>AMD 在第二季度报告了其 Instinct Mi350 AI 加速器的强劲销售。目前，尽管 Anthropic 的估值在本周早些时候翻倍至 1830 亿美元，但这一繁荣似乎仍然健康，但投资者应关注 AMD 是否有其他 AI 疲软的报告。</p>
</div>

Why AMD Stock Was Sliding Today

- AMD 股价因分析师下调评级而下跌，AI 部门表现疲软。  
- 8 月就业报告显示新增就业岗位仅 22,000，经济增长放缓。  
- OpenAI 计划首次生产自有 AI 芯片，可能威胁 AMD 和 Nvidia。

为什么 AMD 的股票今天出现下滑