<p>人工智能（AI）行业正在为各个行业带来变革时代，正如互联网在世纪之交所做的那样。而且和那个时候一样，新的初创公司不断涌现，其中 Groq 就是一个显著的例子。</p>
<p>Groq 正在与 AI 半导体芯片领导者 <strong>英伟达</strong>（Nvidia）（NVDA 2.83%）和 <strong>超微半导体</strong>（AMD）（AMD 0.72%）竞争。但与其说这家初创公司对其更大竞争对手的市场份额构成威胁，不如说它更像是推动需求上升的催化剂。</p>
<p>以下是 Groq、Cerebras Systems 和其他 AI 初创公司如何在人工智能领域竞争中使英伟达和 AMD 受益。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzQwNTYvaGVhZHF1YXJ0ZXJzLXdpdGgtYW1kLWxvZ28tb24tdG9wLW9mLWJ1aWxkaW5nX2FtZF9hZHZhbmNlLmpwZyZ3PTcwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="700" height="420" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzQwNTYvaGVhZHF1YXJ0ZXJzLXdpdGgtYW1kLWxvZ28tb24tdG9wLW9mLWJ1aWxkaW5nX2FtZF9hZHZhbmNlLmpwZyZ3PTcwMA"/></p>
<p>图片来源：AMD。</p>
<h2>Groq 对英伟达和 AMD 的挑战</h2>
<p>英伟达和 AMD 通过向 OpenAI 等客户提供图形处理单元（GPU）而成为 AI 领导者。GPU 对于推动 AI 系统的计算能力至关重要，使其成为人工智能的基本硬件。</p>
<p>Groq 通过其语言处理单元（LPU）挑战英伟达和 AMD 的市场主导地位。GPU 在一般 AI 计算和训练中有效，而 Groq 的 LPU 则专门为 AI 推理设计，即在 AI 训练后分析数据并得出结论的过程。</p>
<p>由于 Groq 的 LPU 仅专注于 AI 推理，该产品在执行任务时提供了令人印象深刻的速度和效率。这些能力吸引了客户。</p>
<p>如今，专注于人工智能的公司，如 OpenAI，正在积极追求更好的 AI 推理。Groq 从这一趋势中受益，导致其在 9 月进行了一轮 7.5 亿美元的融资，使其估值接近 70 亿美元。</p>
<h2>Groq 如何帮助英伟达和 AMD</h2>
<p>英伟达和 AMD 如何从 Groq 的成功中获益？正如古老的谚语所说，潮水上涨使所有船只都浮起。针对 AI 推理的芯片需求增加意味着英伟达和 AMD 可以销售更多产品。</p>
<p>例如，AMD 通过向 AI 客户提供 GPU 和神经处理单元（NPU）采取了多管齐下的方法。NPU 是旨在模拟人脑处理能力的处理器。</p>
<p>通过提供各种专门用于不同任务的 AI 芯片，英伟达和 AMD 可以提高收入。随着 AI 行业越来越多地从训练 AI 模型转向推理，它们的销售有望增长。</p>
<p>这已经得到了证明。在 10 月，AMD 与 OpenAI 签署了一项多年协议，提供 AI 计算硬件。OpenAI 的首席执行官 Sam Altman 描述了这一合作伙伴关系及其如何推动人工智能的发展，他表示：“这一合作伙伴关系是实现 AI 全部潜力所需计算能力的重要一步。”</p>
<p>与此同时，英伟达在 9 月与 OpenAI 达成了自己的协议，作为协议的一部分，将向 ChatGPT 的创造者提供数百万个 AI 芯片。</p>
<p>此外，Groq 的成功表明，市场上存在对替代市场领导者英伟达的需求，后者估计控制着 94% 的市场份额。Groq 的崛起可以削弱英伟达在 AI 芯片上的控制力，因为企业变得更加开放于采用非英伟达硬件。</p>
<p>这为 AMD 创造了加强市场地位的机会。但英伟达也受益于降低了联邦反垄断调查的可能性。</p>
<p>也就是说，目前英伟达和 AMD 都没有面临失去严重市场份额给 Groq 的风险。两者都有雄厚的资金继续投资于尖端 AI 技术，使它们能够抵御 Groq 的挑战。</p>
<h2>投资英伟达和 AMD 股票是否明智？</h2>
<p>Groq 的成功表明，投资英伟达和 AMD 的机会远未结束。然而，行业老将在未来几年可以期待的增长已经推动了股价的飙升。</p>
<p>英伟达的股票在 10 月 9 日创下历史新高，超过 195 美元，而 AMD 的股价在那天也超过了 240 美元。</p>
<p>因此，基于未来 12 个月的预期市盈率（P/E）比率，这两只股票的股价估值都很高，这表明投资者愿意为一美元的收益支付的价格。</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/c1fc6b4ceee4823620dc2e363342e215.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="720" height="456" original-src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/c1fc6b4ceee4823620dc2e363342e215.png"/></p>
<p>数据来源：YCharts。</p>
<p>正如图表所示，AMD 与 OpenAI 合作的公告导致其市盈率倍数飙升，现在远高于英伟达。因此，英伟达的股票更具价值。</p>
<p>其优越的估值使英伟达成为值得考虑购买的股票，尽管它和 AMD 都准备享受来自 AI 的多年业务增长。不过，英伟达的股票也并不便宜，因此明智的做法是在股价下跌后再决定是否购买。</p>

<p>Nvidia 和 AMD 处于有利位置，能够从对 AI 芯片日益增长的需求中受益，这一需求主要由像 Groq 这样的初创公司推动。Groq 的语言处理单元（LPU）专注于 AI 推理，吸引了大量投资和客户关注。这一趋势使得 Nvidia 和 AMD 能够增加其 GPU 和神经处理单元（NPU）的销售。与 OpenAI 的近期合作进一步巩固了它们的市场地位。尽管 Groq 的崛起，Nvidia 和 AMD 并不面临失去市场份额的风险，投资它们的股票仍然前景看好，目前 Nvidia 提供了更好的价值</p>

<p>The artificial intelligence (AI) sector is ushering in a transformative era for industries, much like the internet did at the turn of the century. And like that time, new start-ups are popping up, with Groq being one notable example.</p>
<div class="lb-trans"><p>人工智能（AI）行业正在为各个行业带来变革时代，正如互联网在世纪之交所做的那样。而且和那个时候一样，新的初创公司不断涌现，其中 Groq 就是一个显著的例子。</p>
</div><p>Groq is competing with AI semiconductor chip leaders <strong>Nvidia</strong>(NVDA 2.83%) and <strong>Advanced Micro Devices</strong>(AMD 0.72%). But rather than the start-up posing a threat to the market share of its larger competitors, it's looking like a catalyst to drive demand higher.</p>
<div class="lb-trans"><p>Groq 正在与 AI 半导体芯片领导者 <strong>英伟达</strong>（Nvidia）（NVDA 2.83%）和 <strong>超微半导体</strong>（AMD）（AMD 0.72%）竞争。但与其说这家初创公司对其更大竞争对手的市场份额构成威胁，不如说它更像是推动需求上升的催化剂。</p>
</div><p>Here's how Nvidia and AMD stand to win as Groq, Cerebras Systems, and other AI start-ups join the race to capitalize on artificial intelligence.</p>
<div class="lb-trans"><p>以下是 Groq、Cerebras Systems 和其他 AI 初创公司如何在人工智能领域竞争中使英伟达和 AMD 受益。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzQwNTYvaGVhZHF1YXJ0ZXJzLXdpdGgtYW1kLWxvZ28tb24tdG9wLW9mLWJ1aWxkaW5nX2FtZF9hZHZhbmNlLmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F834056%2Fheadquarters-with-amd-logo-on-top-of-building_amd_advance.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: AMD.</p>
<div class="lb-trans"><p>图片来源：AMD。</p>
</div><h2>Groq's challenge to Nvidia and AMD</h2>
<div class="lb-trans"><h2>Groq 对英伟达和 AMD 的挑战</h2>
</div><p>Nvidia and AMD emerged as AI leaders by supplying graphics processing units (GPUs) to customers such as OpenAI. GPUs are crucial for powering the computational capabilities of AI systems, making them essential hardware for artificial intelligence.</p>
<div class="lb-trans"><p>英伟达和 AMD 通过向 OpenAI 等客户提供图形处理单元（GPU）而成为 AI 领导者。GPU 对于推动 AI 系统的计算能力至关重要，使其成为人工智能的基本硬件。</p>
</div><p>Groq challenges Nvidia's and AMD's market dominance with its language processing unit (LPU). GPUs are effective for general AI computing and training. Groq's LPUs were designed specifically for AI inference, the process of analyzing data and drawing conclusions after an AI has been trained.</p>
<div class="lb-trans"><p>Groq 通过其语言处理单元（LPU）挑战英伟达和 AMD 的市场主导地位。GPU 在一般 AI 计算和训练中有效，而 Groq 的 LPU 则专门为 AI 推理设计，即在 AI 训练后分析数据并得出结论的过程。</p>
</div><p>Because Groq's LPU focuses only on AI inference, the product delivers impressive speed and efficiency to the task. These capabilities have attracted customers.</p>
<div class="lb-trans"><p>由于 Groq 的 LPU 仅专注于 AI 推理，该产品在执行任务时提供了令人印象深刻的速度和效率。这些能力吸引了客户。</p>
</div><p>Today, companies focused on artificial intelligence, such as OpenAI, are aggressively pursuing better AI inference. Groq is benefiting from the trend, resulting in a $750 million fundraising round in September, which boosted its valuation to nearly $7 billion.</p>
<div class="lb-trans"><p>如今，专注于人工智能的公司，如 OpenAI，正在积极追求更好的 AI 推理。Groq 从这一趋势中受益，导致其在 9 月进行了一轮 7.5 亿美元的融资，使其估值接近 70 亿美元。</p>
</div><h2>How Groq helps Nvidia and AMD</h2>
<div class="lb-trans"><h2>Groq 如何帮助英伟达和 AMD</h2>
</div><p>In what ways do Nvidia and AMD gain from Groq's success? As the old saying goes, a rising tide lifts all boats. The increase in chip demand specific to AI inference means Nvidia and AMD can sell more products.</p>
<div class="lb-trans"><p>英伟达和 AMD 如何从 Groq 的成功中获益？正如古老的谚语所说，潮水上涨使所有船只都浮起。针对 AI 推理的芯片需求增加意味着英伟达和 AMD 可以销售更多产品。</p>
</div><p>For example, AMD adopted a multipronged approach by offering GPUs and neural processing units (NPUs) to AI customers. NPUs are processors engineered to emulate the human brain's processing capabilities.</p>
<div class="lb-trans"><p>例如，AMD 通过向 AI 客户提供 GPU 和神经处理单元（NPU）采取了多管齐下的方法。NPU 是旨在模拟人脑处理能力的处理器。</p>
</div><p>By providing various kinds of AI chips specialized for different tasks, Nvidia and AMD can drive up revenue. Their sales are poised to grow as the AI industry increasingly shifts from training AI models to inference.</p>
<div class="lb-trans"><p>通过提供各种专门用于不同任务的 AI 芯片，英伟达和 AMD 可以提高收入。随着 AI 行业越来越多地从训练 AI 模型转向推理，它们的销售有望增长。</p>
</div><p>That's already proving to be the case. In October, AMD signed a multiyear deal with OpenAI to deliver AI computing hardware. Describing the partnership and how it advances artificial intelligence, OpenAI's CEO, Sam Altman, stated, &#34;This partnership is a major step in building the compute capacity needed to realize AI's full potential.&#34;</p>
<div class="lb-trans"><p>这已经得到了证明。在 10 月，AMD 与 OpenAI 签署了一项多年协议，提供 AI 计算硬件。OpenAI 的首席执行官 Sam Altman 描述了这一合作伙伴关系及其如何推动人工智能的发展，他表示：“这一合作伙伴关系是实现 AI 全部潜力所需计算能力的重要一步。”</p>
</div><p>Meanwhile, Nvidia made its own deal with OpenAI in September, and as part of that, will deliver millions of AI chips to the ChatGPT creator.</p>
<div class="lb-trans"><p>与此同时，英伟达在 9 月与 OpenAI 达成了自己的协议，作为协议的一部分，将向 ChatGPT 的创造者提供数百万个 AI 芯片。</p>
</div><p>Additionally, Groq's success shows customer demand exists for alternatives to the market leader, Nvidia, which is estimated to control a dominating 94% market share. Groq's rise can loosen Nvidia's grip on AI chips as enterprises become more open to adopting non-Nvidia hardware.</p>
<div class="lb-trans"><p>此外，Groq 的成功表明，市场上存在对替代市场领导者英伟达的需求，后者估计控制着 94% 的市场份额。Groq 的崛起可以削弱英伟达在 AI 芯片上的控制力，因为企业变得更加开放于采用非英伟达硬件。</p>
</div><p>This creates an opportunity for AMD to strengthen its market position. But Nvidia benefits as well by reducing the chances of a federal antitrust investigation.</p>
<div class="lb-trans"><p>这为 AMD 创造了加强市场地位的机会。但英伟达也受益于降低了联邦反垄断调查的可能性。</p>
</div><p>That said, neither Nvidia nor AMD are at risk of losing serious market share to Groq at this time. Both have deep pockets to continue investing in cutting-edge AI tech, enabling them to ward off Groq's challenge.</p>
<div class="lb-trans"><p>也就是说，目前英伟达和 AMD 都没有面临失去严重市场份额给 Groq 的风险。两者都有雄厚的资金继续投资于尖端 AI 技术，使它们能够抵御 Groq 的挑战。</p>
</div><h2>Does investing in Nvidia and AMD stock make sense?</h2>
<div class="lb-trans"><h2>投资英伟达和 AMD 股票是否明智？</h2>
</div><p>Groq's success signals the opportunity to invest in Nvidia and AMD is far from over. However, the growth the industry veterans can expect in the coming years has already pushed share prices skyward.</p>
<div class="lb-trans"><p>Groq 的成功表明，投资英伟达和 AMD 的机会远未结束。然而，行业老将在未来几年可以期待的增长已经推动了股价的飙升。</p>
</div><p>Nvidia's stock hit a record high on Oct. 9, exceeding $195, while AMD did the same with its share price surpassing $240 that day.</p>
<div class="lb-trans"><p>英伟达的股票在 10 月 9 日创下历史新高，超过 195 美元，而 AMD 的股价在那天也超过了 240 美元。</p>
</div><p>Consequently, both stocks sport elevated share price valuations based on the forward price-to-earnings (P/E) ratio, which tells you how much investors are willing to pay for a dollar's worth of earnings based on estimates for the next 12 months.</p>
<div class="lb-trans"><p>因此，基于未来 12 个月的预期市盈率（P/E）比率，这两只股票的股价估值都很高，这表明投资者愿意为一美元的收益支付的价格。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/c1fc6b4ceee4823620dc2e363342e215.png" alt="" original-src="https://media.ycharts.com/charts/c1fc6b4ceee4823620dc2e363342e215.png"/></p>
<p>Data by YCharts.</p>
<div class="lb-trans"><p>数据来源：YCharts。</p>
</div><p>As the chart shows, AMD's announcement of a partnership with OpenAI caused the former's P/E multiple to soar, and it's now far above Nvidia's. As a result, Nvidia shares are the better value.</p>
<div class="lb-trans"><p>正如图表所示，AMD 与 OpenAI 合作的公告导致其市盈率倍数飙升，现在远高于英伟达。因此，英伟达的股票更具价值。</p>
</div><p>Its superior valuation makes Nvidia the stock to consider purchasing despite both it and AMD being poised to enjoy years of business growth from AI. That said, Nvidia shares aren't cheap either, so the prudent approach is to wait for the stock price to dip before deciding to buy.</p>
<div class="lb-trans"><p>其优越的估值使英伟达成为值得考虑购买的股票，尽管它和 AMD 都准备享受来自 AI 的多年业务增长。不过，英伟达的股票也并不便宜，因此明智的做法是在股价下跌后再决定是否购买。</p>
</div>

Nvidia and AMD Could Be the Biggest Winners as Start-Ups Like Groq Push AI Chip Demand Higher

- 人工智能行业正在变革，Groq 等新兴公司推动市场需求增长。  
- Nvidia 和 AMD 通过多样化产品线受益于 AI 推理需求的上升。  
- Groq 的成功为 AMD 提供了市场机会，同时也减轻了 Nvidia 的反垄断压力。

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英伟达

GraniteShares 2x Long AMD Daily ETF

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随着 Groq 等初创公司推动 AI 芯片需求的增加，NVIDIA 和 AMD 可能成为最大的赢家