<p>芯片股票又迎来了一个巨大的年度，人工智能支出仍然是主要推动力。上行空间显而易见，因为云巨头们不断投入资金用于更快的训练和推理系统。风险同样明显，因为估值已经反映了多年的强劲增长。</p>
<h3>认识塞缪尔 – 您的个人投资先知</h3>
<ul>
<li>与 TipRanks 值得信赖的数据驱动投资情报开始对话</li>
<li>向塞缪尔询问股票、您的投资组合或市场，并在几秒钟内获得即时个性化见解</li>
</ul>
<p>这有助于解释凯西·伍德的最新举动。她显然仍然看到人工智能芯片中有很多机会，但她在选择投资时非常谨慎。自从 <strong>Cerebras Systems (NASDAQ:CBRS)</strong> 上周上市以来，伍德已购买了 337,571 股，其中包括周三的 71,655 股。此次首次公开募股（IPO）表现出色，Cerebras 筹集了 55.5 亿美元，并在与 OpenAI 和 AWS 达成高调交易后登陆纳斯达克。</p>
<p>Cerebras 在人工智能芯片市场的角落与 AMD 和 Nvidia 截然不同。该公司并不主要专注于传统 GPU，而是围绕巨型晶圆级处理器建立了声誉，这些处理器旨在以更少的瓶颈和更低的延迟处理巨大的人工智能工作负载。Cerebras 正在积极推进人工智能推理，即在训练完成后实时运行人工智能模型的过程。随着企业寻求更快的响应、更低的成本和更高效的大规模部署，这一领域正成为人工智能中最重要的战场之一。</p>
<p>一位以 “简单投资理念” 为笔名的投资者称 Cerebras 是一只 “昂贵、风险高且波动性大的股票”，但他认为该公司有 “明确的路径成为主要受益者”，因为人工智能需求正向实时推理转移。在他看来，与 OpenAI 和 AWS 的合作为 Cerebras 增添了更多可信度，而其对速度的关注可能在更快的人工智能响应成为下一个重要战场时赋予其 “真正的竞争优势”。</p>
<p><strong>先进微处理器公司 (NASDAQ:AMD)</strong> 的故事则截然不同。通过她的各种 ETF，伍德在过去一个月内出售了 673,213 股 AMD 股票，在该股大幅上涨后减少了风险敞口。这并不意味着 AMD 突然退出了人工智能竞赛，但这确实表明伍德可能在反弹后看到其他地方的风险回报更好。</p>
<p>投资者詹姆斯·福德在 TipRanks 上排名前 3% 的股票专家表示，AMD“可以说是被高估了”，同时补充说 “市场在基本面和技术面上都走得太远”。福德还认为，AMD 可能需要 “回调到 350 美元水平”，因为投资者最终会从半导体转向下一个热门领域。</p>
<p>与此同时，华尔街似乎并不太担心。AMD 仍然享有强烈买入的共识评级，基于 28 个买入评级和 8 个持有评级，显示大多数分析师仍然将 AMD 视为人工智能繁荣中最强劲的长期受益者之一。尽管华尔街的平均目标价为 461.38 美元，表明在这次大幅反弹后上行空间有限，但一些看涨者仍然看到更大的上涨空间，目前最高目标价为 625 美元。（见 <strong>AMD 股票预测</strong>）</p>

CBRS

<p>Cathie Wood 已经投资于 Cerebras Systems，自其首次公开募股以来购买了 337,571 股，该次募股筹集了 55.5 亿美元。Cerebras 专注于人工智能推理，并与 OpenAI 和 AWS 建立了合作关系。相比之下，Wood 卖出了 673,213 股 AMD，表明她的投资策略发生了变化。尽管一些分析师认为 AMD 价格过高，但在华尔街分析师中，它仍然获得了强烈买入的共识评级，表明对其在人工智能领域长期潜力的信心</p>

<p>Chip stocks have had another huge year, with AI spending still doing most of the heavy lifting. The upside is clear enough, as cloud giants keep pouring money into faster training and inference systems. The risk is just as obvious, since valuations have already priced in years of very strong growth.</p>
<div class="lb-trans"><p>芯片股票又迎来了一个巨大的年度，人工智能支出仍然是主要推动力。上行空间显而易见，因为云巨头们不断投入资金用于更快的训练和推理系统。风险同样明显，因为估值已经反映了多年的强劲增长。</p>
</div><h3>Meet Samuel – Your Personal Investing Prophet</h3>
<div class="lb-trans"><h3>认识塞缪尔 – 您的个人投资先知</h3>
</div><ul>
<li>Start a conversation with TipRanks' trusted, data-backed investment intelligence</li>
<li>Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds</li>
</ul>
<div class="lb-trans"><ul>
<li>与 TipRanks 值得信赖的数据驱动投资情报开始对话</li>
<li>向塞缪尔询问股票、您的投资组合或市场，并在几秒钟内获得即时个性化见解</li>
</ul>
</div><p>That helps explain Cathie Wood's latest moves. She clearly still sees plenty of opportunity in AI chips, but she is choosing her spots carefully. Since <strong>Cerebras Systems (NASDAQ:CBRS)</strong> went public last week, Wood has bought 337,571 shares, including 71,655 shares on Wednesday. The IPO itself was a blockbuster, with Cerebras raising $5.55 billion and landing on Nasdaq after sealing high-profile deals with OpenAI and AWS.</p>
<div class="lb-trans"><p>这有助于解释凯西·伍德的最新举动。她显然仍然看到人工智能芯片中有很多机会，但她在选择投资时非常谨慎。自从 <strong>Cerebras Systems (NASDAQ:CBRS)</strong> 上周上市以来，伍德已购买了 337,571 股，其中包括周三的 71,655 股。此次首次公开募股（IPO）表现出色，Cerebras 筹集了 55.5 亿美元，并在与 OpenAI 和 AWS 达成高调交易后登陆纳斯达克。</p>
</div><p>Cerebras operates in a very different corner of the AI chip market than AMD and Nvidia. Instead of focusing primarily on traditional GPUs, the company built its reputation around giant wafer-scale processors designed to handle enormous AI workloads with fewer bottlenecks and lower latency. Cerebras has been pushing aggressively into AI inference, which is the process of actually running AI models in real time after training is completed. That area is becoming one of the most important battlegrounds in AI as enterprises search for faster responses, lower costs, and more efficient deployment at scale.</p>
<div class="lb-trans"><p>Cerebras 在人工智能芯片市场的角落与 AMD 和 Nvidia 截然不同。该公司并不主要专注于传统 GPU，而是围绕巨型晶圆级处理器建立了声誉，这些处理器旨在以更少的瓶颈和更低的延迟处理巨大的人工智能工作负载。Cerebras 正在积极推进人工智能推理，即在训练完成后实时运行人工智能模型的过程。随着企业寻求更快的响应、更低的成本和更高效的大规模部署，这一领域正成为人工智能中最重要的战场之一。</p>
</div><p>One investor, known by the pseudonym Simple Investment Ideas, calls Cerebras an &#34;expensive, risky, and volatile stock,&#34; but believes the company has a &#34;clear path to becoming a leading beneficiary&#34; as AI demand moves toward real-time inference. In his view, partnerships with OpenAI and AWS give Cerebras more credibility, while its focus on speed could give it a &#34;true competitive advantage&#34; if faster AI responses become the next big battleground.</p>
<div class="lb-trans"><p>一位以 “简单投资理念” 为笔名的投资者称 Cerebras 是一只 “昂贵、风险高且波动性大的股票”，但他认为该公司有 “明确的路径成为主要受益者”，因为人工智能需求正向实时推理转移。在他看来，与 OpenAI 和 AWS 的合作为 Cerebras 增添了更多可信度，而其对速度的关注可能在更快的人工智能响应成为下一个重要战场时赋予其 “真正的竞争优势”。</p>
</div><p><strong>Advanced Micro Devices (NASDAQ:AMD)</strong>, meanwhile, tells a very different Cathie Wood story. Through her various ETFs, Wood sold 673,213 AMD shares over the past month, trimming exposure after a massive run in the stock. That does not mean AMD is suddenly out of the AI race, but it does suggest Wood may see a better risk-reward elsewhere after the rally.</p>
<div class="lb-trans"><p><strong>先进微处理器公司 (NASDAQ:AMD)</strong> 的故事则截然不同。通过她的各种 ETF，伍德在过去一个月内出售了 673,213 股 AMD 股票，在该股大幅上涨后减少了风险敞口。这并不意味着 AMD 突然退出了人工智能竞赛，但这确实表明伍德可能在反弹后看到其他地方的风险回报更好。</p>
</div><p>Investor James Foord, ranked in the top 3% of stock pros on TipRanks, says AMD is &#34;arguably overpriced,&#34; while adding that the &#34;market has run too far&#34; on both fundamentals and technicals. Foord also believes AMD may need to &#34;check back towards the $350 level,&#34; as investors eventually rotate out of semiconductors and into the next big thing.</p>
<div class="lb-trans"><p>投资者詹姆斯·福德在 TipRanks 上排名前 3% 的股票专家表示，AMD“可以说是被高估了”，同时补充说 “市场在基本面和技术面上都走得太远”。福德还认为，AMD 可能需要 “回调到 350 美元水平”，因为投资者最终会从半导体转向下一个热门领域。</p>
</div><p>Wall Street, meanwhile, appears far less worried. AMD still enjoys a Strong Buy consensus rating based on 28 Buy ratings against 8 Holds, showing that most analysts continue to view AMD as one of the strongest long-term beneficiaries of the AI boom. While the Street's average price target of $461.38 points to only limited upside after the monster rally, some bulls still see considerably more room ahead, with the highest target currently sitting at $625. (See <strong>AMD stock forecast</strong>)</p>
<div class="lb-trans"><p>与此同时，华尔街似乎并不太担心。AMD 仍然享有强烈买入的共识评级，基于 28 个买入评级和 8 个持有评级，显示大多数分析师仍然将 AMD 视为人工智能繁荣中最强劲的长期受益者之一。尽管华尔街的平均目标价为 461.38 美元，表明在这次大幅反弹后上行空间有限，但一些看涨者仍然看到更大的上涨空间，目前最高目标价为 625 美元。（见 <strong>AMD 股票预测</strong>）</p>
</div>

AMD vs. Cerebras: Cathie Wood Buys One AI Chip Stock, Dumps the Other

AMD 与 Cerebras：Cathie Wood 买入了一只 AI 芯片股票，同时卖出了另一只