<p>随着人工智能 (AI) 革命 进入下一个关键阶段，Niles Investment Management 的创始人 <strong>Dan Niles</strong> 正在超越当前市场宠儿，押注 <strong>Intel Corp.</strong> (NASDAQ: INTC) 将迎来大规模的硬件复苏。</p>
<h2><strong>代理型人工智能的崛起</strong></h2>
<p>尽管华尔街看到 <strong>Nvidia Corp.</strong> (NASDAQ: NVDA) 的 GPU 在初始 AI 训练热潮 中 “暴涨”，Niles 认为市场格局正在根本性地改变。</p>
<p>催化剂是 “代理型人工智能”——能够在各种应用中执行复杂的多步骤任务的系统，而不仅仅是返回简单的聊天响应。</p>
<p>这一转变需要一个编排引擎来组织数据，而这正是 CPU 最擅长的。根据 Niles 的说法，代理型人工智能 需要 “10 到 100 倍于基本聊天型 AI 的令牌”。</p>
<p>因此，硬件需求比率，从之前的每一个 CPU 需要大约八个 GPU，正在迅速接近一比一。</p>
<p><strong>另请阅读：</strong>
<strong>美国的英特尔：向特朗普近 420 亿美元的股票利润致敬</strong></p>
<h2><strong>一个令人惊讶的价值投资</strong></h2>
<p>尽管半导体 ETF 今年大幅上涨，Niles 坚持认为英特尔在企业价值与销售比率上仍然 “被低估”，与 <strong>Advanced Micro Devices Inc.</strong> (NASDAQ: AMD) 和 <strong>Taiwan Semiconductor Manufacturing Co. Ltd.</strong> (NYSE: TSM) 等同行相比。</p>
<p>尽管这家传统科技公司最近刚刚触及自 2000 年以来未见的高点，Niles 认为其终值在未来两到三年内将发生重大变化。</p>
<p>推动这一增长的一个重要因素是英特尔推动确保国内供应链。Niles 预计该公司将在年底前锁定 “相当大的代工客户”，可能为 <strong>Apple Inc.</strong> (NASDAQ: AAPL)、<strong>Tesla Inc.</strong> (NASDAQ: TSLA)，甚至是 Nvidia 在美国工厂生产芯片。</p>
<h2><strong>在 ‘抛物线’ 行业中导航</strong></h2>
<p>Niles 并不否认更广泛市场中的即时风险，承认 半导体股票 当前在短期内被高估。这是因为 <strong>iShares Semiconductor ETF</strong> (NASDAQ: SOXX) 在过去一个月上涨了 33.47%，年初至今上涨了 69.22%。</p>
<p>他警告说，考虑到当前的估值，15% 到 20% 的行业修正并不会让他感到惊讶。然而，受代理型人工智能建设的爆炸性计算需求驱动，Niles 对长期持有保持强烈信心。</p>
<p>对于愿意在宏观经济动荡中保持 “灵活” 的投资者，他认为这一 硬件动态的变化 使得这家 CPU 巨头成为一个极具吸引力的投资选择。</p>
<h2><strong>英特尔在 2026 年的表现如何？</strong></h2>
<p>截至目前，INTC 的股价已上涨 226.86%，而纳斯达克综合指数在同一时期上涨了 12.28%。周二收盘时下跌 6.82%，每股价格为 120.61 美元，盘后交易上涨 2.60%。</p>
<p>在过去一个月中，INTC 上涨了 93.35%，在过去六个月中上涨了 218.32%。<strong>Benzinga 的股票排名</strong> 表明，INTC 在短期、中期和长期内保持强劲的价格趋势。</p>
<p></p>
<p><strong>另请阅读：</strong>
<strong>尽管预测 800 亿美元的 CPU 市场，英特尔股价下滑，苹果制造交易</strong></p>
<p><strong><em>免责声明：</em></strong> <em>本内容部分由 AI 工具生成，并由 Benzinga 编辑审核和发布。</em></p>
<p><em>图片来源：Shutterstock</em></p>

英特尔

标普半导体 ETF - SPDR

2 倍做多 INTC ETF - GraniteShares

ARTY

半导体 ETF - VanEck Vectors

半导体 3 倍做多 - Direxion

动态半导体 ETF - Invesco

费城交易所 半导体 ETF - iShares

<p>对冲基金经理丹·尼尔斯（Dan Niles）认为，英特尔（Intel）“仍然被低估”，因为向自主智能（Agentic AI）的转变增加了对 CPU 的需求，而非 GPU。他指出，硬件需求比例正逐渐接近一比一，这与之前八比一偏向 GPU 的比例形成对比。尽管半导体行业已经被超买，尼尔斯仍然看好英特尔的长期增长潜力，特别是在其专注于国内供应链和与大型公司的潜在合作方面。英特尔的股票今年迄今已上涨 226.86%，表现优于纳斯达克综合指数</p>

<p>As the artificial intelligence (AI) revolution enters its next critical phase, the Founder of Niles Investment Management, <strong>Dan Niles</strong>, is looking past current market darlings, betting that <strong>Intel Corp.</strong> (NASDAQ: INTC) is poised for a massive hardware resurgence.</p>
<div class="lb-trans"><p>随着人工智能 (AI) 革命 进入下一个关键阶段，Niles Investment Management 的创始人 <strong>Dan Niles</strong> 正在超越当前市场宠儿，押注 <strong>Intel Corp.</strong> (NASDAQ: INTC) 将迎来大规模的硬件复苏。</p>
</div><h2><strong>Rise Of Agentic AI</strong></h2>
<div class="lb-trans"><h2><strong>代理型人工智能的崛起</strong></h2>
</div><p>While Wall Street watched <strong>Nvidia Corp.</strong> (NASDAQ: NVDA) see its GPUs “explode higher” during the initial AI training boom, Niles argues the landscape is fundamentally shifting.</p>
<div class="lb-trans"><p>尽管华尔街看到 <strong>Nvidia Corp.</strong> (NASDAQ: NVDA) 的 GPU 在初始 AI 训练热潮 中 “暴涨”，Niles 认为市场格局正在根本性地改变。</p>
</div><p>The catalyst is “Agentic AI”—systems capable of executing complex, multi-step tasks across various applications rather than just returning simple chat responses.</p>
<div class="lb-trans"><p>催化剂是 “代理型人工智能”——能够在各种应用中执行复杂的多步骤任务的系统，而不仅仅是返回简单的聊天响应。</p>
</div><p>This transition requires an orchestration engine to organize data, which is exactly what CPUs do best. According to Niles, Agentic AI requires “10 to 100 times more tokens” than basic chat-based AI.</p>
<div class="lb-trans"><p>这一转变需要一个编排引擎来组织数据，而这正是 CPU 最擅长的。根据 Niles 的说法，代理型人工智能 需要 “10 到 100 倍于基本聊天型 AI 的令牌”。</p>
</div><p>Consequently, the hardware demand ratio, which previously stood at about eight GPUs for every one CPU, is rapidly moving closer to one-to-one.</p>
<div class="lb-trans"><p>因此，硬件需求比率，从之前的每一个 CPU 需要大约八个 GPU，正在迅速接近一比一。</p>
</div><p><strong>Read Also:</strong>
<strong>The United States Of Intel: Salute To Trump's Nearly $42 Billion Stock Profit</strong></p>
<div class="lb-trans"><p><strong>另请阅读：</strong>
<strong>美国的英特尔：向特朗普近 420 亿美元的股票利润致敬</strong></p>
</div><h2><strong>A Surprising Value Play</strong></h2>
<div class="lb-trans"><h2><strong>一个令人惊讶的价值投资</strong></h2>
</div><p>Despite semiconductor ETFs rallying aggressively this year, Niles insists that Intel is “still undervalued” on an enterprise value-to-sales basis compared with peers such as <strong>Advanced Micro Devices Inc.</strong> (NASDAQ: AMD) and <strong>Taiwan Semiconductor Manufacturing Co. Ltd.</strong> (NYSE: TSM).</p>
<div class="lb-trans"><p>尽管半导体 ETF 今年大幅上涨，Niles 坚持认为英特尔在企业价值与销售比率上仍然 “被低估”，与 <strong>Advanced Micro Devices Inc.</strong> (NASDAQ: AMD) 和 <strong>Taiwan Semiconductor Manufacturing Co. Ltd.</strong> (NYSE: TSM) 等同行相比。</p>
</div><p>Even though the legacy tech company just recently touched highs unseen since the year 2000, Niles believes its terminal value will drastically change over the next two to three years.</p>
<div class="lb-trans"><p>尽管这家传统科技公司最近刚刚触及自 2000 年以来未见的高点，Niles 认为其终值在未来两到三年内将发生重大变化。</p>
</div><p>A massive driver for this growth is Intel's push to secure domestic supply chains. Niles expects the company to lock in “pretty big foundry customers” by the end of the year, potentially producing chips for mega-caps like <strong>Apple Inc.</strong> (NASDAQ: AAPL), <strong>Tesla Inc.</strong> (NASDAQ: TSLA), or even Nvidia in U.S.-based fabs.</p>
<div class="lb-trans"><p>推动这一增长的一个重要因素是英特尔推动确保国内供应链。Niles 预计该公司将在年底前锁定 “相当大的代工客户”，可能为 <strong>Apple Inc.</strong> (NASDAQ: AAPL)、<strong>Tesla Inc.</strong> (NASDAQ: TSLA)，甚至是 Nvidia 在美国工厂生产芯片。</p>
</div><h2><strong>Navigating A ‘Parabolic’ Sector</strong></h2>
<div class="lb-trans"><h2><strong>在 ‘抛物线’ 行业中导航</strong></h2>
</div><p>Niles does not dismiss the immediate risks in the broader market, acknowledging that semiconductor stocks are currently overbought in the short term. This comes as <strong>iShares Semiconductor ETF</strong> (NASDAQ: SOXX) has advanced 33.47% over the last month and 69.22% year-to-date.</p>
<div class="lb-trans"><p>Niles 并不否认更广泛市场中的即时风险，承认 半导体股票 当前在短期内被高估。这是因为 <strong>iShares Semiconductor ETF</strong> (NASDAQ: SOXX) 在过去一个月上涨了 33.47%，年初至今上涨了 69.22%。</p>
</div><p>He warned that a 15% to 20% sector correction wouldn’t surprise him at all, given current valuations. However, driven by the explosive compute needs of the Agentic AI buildout, Niles maintains a strong long-term conviction.</p>
<div class="lb-trans"><p>他警告说，考虑到当前的估值，15% 到 20% 的行业修正并不会让他感到惊讶。然而，受代理型人工智能建设的爆炸性计算需求驱动，Niles 对长期持有保持强烈信心。</p>
</div><p>For investors willing to remain “nimble” through macroeconomic turbulence, he believes this shifting hardware dynamic makes the CPU giant a highly compelling play.</p>
<div class="lb-trans"><p>对于愿意在宏观经济动荡中保持 “灵活” 的投资者，他认为这一 硬件动态的变化 使得这家 CPU 巨头成为一个极具吸引力的投资选择。</p>
</div><h2><strong>How Has Intel Performed In 2026?</strong></h2>
<div class="lb-trans"><h2><strong>英特尔在 2026 年的表现如何？</strong></h2>
</div><p>Shares of INTC have surged by 226.86% year-to-date, while the Nasdaq Composite has advanced by 12.28% over the same period. It closed 6.82% lower on Tuesday at $120.61 apiece, and it was 2.60% higher in overnight trading.</p>
<div class="lb-trans"><p>截至目前，INTC 的股价已上涨 226.86%，而纳斯达克综合指数在同一时期上涨了 12.28%。周二收盘时下跌 6.82%，每股价格为 120.61 美元，盘后交易上涨 2.60%。</p>
</div><p>Over the last month, INTC was up 93.35%, and it rose 218.32% over the last six months. <strong>Benzinga’s Edge Stock Rankings</strong> indicate that INTC maintains a strong price trend in the short, medium, and long terms.</p>
<div class="lb-trans"><p>在过去一个月中，INTC 上涨了 93.35%，在过去六个月中上涨了 218.32%。<strong>Benzinga 的股票排名</strong> 表明，INTC 在短期、中期和长期内保持强劲的价格趋势。</p>
</div><p></p>
<div class="lb-trans"><p></p>
</div><p><strong>Read Also:</strong>
<strong>Intel Slips Despite $80 Billion CPU Market Forecast, Apple Manufacturing Deal</strong></p>
<div class="lb-trans"><p><strong>另请阅读：</strong>
<strong>尽管预测 800 亿美元的 CPU 市场，英特尔股价下滑，苹果制造交易</strong></p>
</div><p><strong><em>Disclaimer:</em></strong> <em>This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.</em></p>
<div class="lb-trans"><p><strong><em>免责声明：</em></strong> <em>本内容部分由 AI 工具生成，并由 Benzinga 编辑审核和发布。</em></p>
</div><p><em>Photo courtesy: Shutterstock</em></p>
<div class="lb-trans"><p><em>图片来源：Shutterstock</em></p>
</div>

Intel Is 'Still Undervalued:' Why Dan Niles Sees Massive AI Opportunity Beyond Nvidia's GPU Boom

- Dan Niles 认为英特尔有望迎来硬件复苏。  
- “Agentic AI” 需要更多 CPU，推动硬件需求比率改变。  
- 尽管风险存在，Niles 对英特尔的长期前景保持信心。

benzinga_article

iShares Future AI & Tech ETF

英伟达

台积电

苹果

特斯拉

纳斯达克综合指数

NVIDIA Corporation

英特尔仍然被低估：丹·奈尔斯为何认为除了英伟达的 GPU 热潮之外还有巨大的 AI 机会