<p>虽然 <strong>Nvidia</strong>( NVDA +3.90%) 在过去五年中一直是市场的主要推动力，但其表现最近有所放缓，过去一年股价仅上涨约 26%。部分原因是公司的规模庞大，市值已达到约 5 万亿美元。尽管如此，随着公司从图形处理单元（GPU）制造商转型为完整的人工智能基础设施公司，其未来依然光明。该股票的估值也相对便宜，按 2028 财年的分析师预期市盈率（P/E）为 16 倍进行交易，即使在上个季度报告了 85% 的收入增长之后。</p>
<p>话虽如此，让我们来看三只在过去一年中表现超过 Nvidia 的 人工智能股票。(请注意，所有收益数据截至本文撰写时，即使是看似微小的波动也可能对一年期收益产生重大影响。)</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg3NzgzMC9yYW0tZHJhbS1zZW1pY29uZHVjdG9yLWNoaXAtbWFudWZhY3R1cmluZy5qcGcWdz0zODQwFm9wPXJlc2l6ZQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="Memory packaged on a chip." original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg3NzgzMC9yYW0tZHJhbS1zZW1pY29uZHVjdG9yLWNoaXAtbWFudWZhY3R1cmluZy5qcGcWdz0zODQwFm9wPXJlc2l6ZQ"/></p>
<p>图片来源：Getty Images。</p>
<h2>闪迪：不只是昙花一现</h2>
<p>在过去一年中上涨超过 3990% 的 <strong>闪迪</strong>( SNDK +3.27%) 是市场上最火的股票，即使在最近回调 19% 之后。这家内存制造商受益于 NAND（闪存）内存的短缺，因使用闪存存储人工智能数据的大型固态硬盘（SSD）的需求激增。这推动了 NAND 价格上涨，进而提升了闪迪的销售和 毛利率。上个季度，其收入激增 251%，毛利率从 22.5% 上升至 78.4%。</p>
<p>展开</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9hcnQvY29tcGFueWxvZ29zL21hcmsvU05ESy5wbmcWdz0xMjgWb3A9cmVzaXpl?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="Sandisk Stock Quote" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9hcnQvY29tcGFueWxvZ29zL21hcmsvU05ESy5wbmcWdz0xMjgWb3A9cmVzaXpl"/></p>
<h2>NASDAQ: SNDK</h2>
<p>闪迪</p>
<p>今日变动</p>
<p>(3.27%) $60.73</p>
<p>当前价格</p>
<p>$1,919.00</p>
<h3>关键数据点</h3>
<p>市值</p>
<p>$284B 市值仅计算已上市的流通股，不包括未上市、私有或双重股权的非交易股份。隐含市值可能会有所不同。市值仅计算已上市的流通股，不包括未上市、私有或双重股权的非交易股份。隐含市值可能会有所不同。</p>
<p>日内区间</p>
<p>$1772.02 - $1946.43</p>
<p>52 周区间</p>
<p>$40.10 - $2354.39</p>
<p>成交量</p>
<p>269.4K</p>
<p>平均成交量</p>
<p>13.4M</p>
<p>毛利率</p>
<p>56.04%</p>
<p>闪存价格持续上涨，Wedbush 最近上调了该公司的 2024 财季展望，称闪迪可能在原始预测中严重低估了行业价格上涨的影响。该股票的前瞻市盈率不到 7.5 倍，但由于 NAND 市场历史上周期性的特性，其倍数仍然较低。然而，它已开始锁定一些价值 420 亿美元的长期合同，以尝试减少其周期性，如果 NAND 周期持续，这仍可能使该股票成为一个便宜的选择。</p>
<h2>美光科技：乘风破浪的 DRAM 超级周期</h2>
<p>内存制造商 <strong>美光科技</strong>( MU 1.05%) 在过去一年中表现出色，股价上涨约 721%。美光约 75% 的收入来自动态随机存取内存（DRAM），25% 来自 NAND。与闪迪类似，该公司也因内存价格上涨而获得了巨大的推动，这反过来又推动了收入增长并扩大了毛利率。</p>
<p>展开</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9hcnQvY29tcGFueWxvZ29zL21hcmsvTVUucG5nFnc9MTI4Fm9wPXJlc2l6ZQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="Micron Technology Stock Quote" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9hcnQvY29tcGFueWxvZ29zL21hcmsvTVUucG5nFnc9MTI4Fm9wPXJlc2l6ZQ"/></p>
<h2>NASDAQ: MU</h2>
<p>美光科技</p>
<p>今日变动</p>
<p>(-1.05%) $-10.39</p>
<p>当前价格</p>
<p>$981.25</p>
<h3>关键数据点</h3>
<p>市值</p>
<p>$1.1T 市值仅计算已上市的流通股，不包括未上市、私有或双重股权的非交易股份。隐含市值可能会有所不同。市值仅计算已上市的流通股，不包括未上市、私有或双重股权的非交易股份。隐含市值可能会有所不同。</p>
<p>日内区间</p>
<p>$954.13 - $998.00</p>
<p>52 周区间</p>
<p>$103.38 - $1255.00</p>
<p>成交量</p>
<p>859.4K</p>
<p>平均成交量</p>
<p>51.2M</p>
<p>毛利率</p>
<p>72.60%</p>
<p>股息收益率</p>
<p>0.05%</p>
<p>DRAM 市场受益于对高带宽内存（HBM）的激增需求，这种内存用于优化 GPU 和其他人工智能芯片的性能。随着 推理 的兴起，这种动态变得更加明显，因为推理通常比计算受限更依赖内存。供应短缺帮助公司首次锁定长期合同，目前覆盖其收入的 40%，这应该有助于减少其业务的周期性。该股票的前瞻市盈率低于 6.5 倍的 2027 财年预期，如果 DRAM 超级周期继续保持活力，便是一个便宜的选择。</p>
<h2>AMD：乘风破浪的推理和自主人工智能浪潮</h2>
<p>作为 Nvidia 的直接竞争对手，<strong>超威半导体</strong>( AMD +2.13%) 的表现明显优于其竞争对手，过去一年股价上涨约 302%。公司的股票表现受到其在推理和自主人工智能市场中的地位推动。</p>
<p>展开</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9hcnQvY29tcGFueWxvZ29zL21hcmsvQU1ELnBuZxZ3PTEyOBZvcD1yZXNpemU?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="Advanced Micro Devices Stock Quote" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9hcnQvY29tcGFueWxvZ29zL21hcmsvQU1ELnBuZxZ3PTEyOBZvcD1yZXNpemU"/></p>
<h2>NASDAQ: AMD</h2>
<p>超威半导体</p>
<p>今日变动</p>
<p>(2.13%) $11.62</p>
<p>当前价格</p>
<p>$558.34</p>
<h3>关键数据点</h3>
<p>市值</p>
<p>$910B 市值仅计算已上市的流通股，不包括未上市、私有或双重股权的非交易股份。隐含市值可能会有所不同。市值仅计算已上市的流通股，不包括未上市、私有或双重股权的非交易股份。隐含市值可能会有所不同。</p>
<p>日内区间</p>
<p>$540.26 - $560.19</p>
<p>52 周区间</p>
<p>$141.90 - $584.73</p>
<p>成交量</p>
<p>547.1K</p>
<p>平均成交量</p>
<p>36.5M</p>
<p>毛利率</p>
<p>47.09%</p>
<p>虽然英伟达凭借其强大的 CUDA 软件 壁垒在人工智能训练市场占据主导地位，但 AMD 在快速增长的推理市场中则处于更有利的位置。其芯片设计允许将更多内存打包到 GPU 中，使其非常适合推理，并且与 OpenAI 和 <strong>Meta Platforms</strong> 签署了价值 1000 亿美元的 GPU 合作协议。人们还相信 Anthropic 将使用其最新的芯片。</p>
<p>此外，作为数据中心中央处理器（CPU）的领导者，该公司准备在自主 AI 浪潮中乘风破浪。AI 数据中心将需要更多的 CPU 来管理 AI 代理，AMD 预测这一市场在未来几年将增长到 1200 亿美元。这是一个巨大的机会，公司已经在专门为自主 AI 设计高性能 CPU。</p>
<p>考虑到在推理和自主 AI 方面的机会，AMD 看起来有更大的发展空间。</p>

英伟达

美光科技

<p>三只与人工智能相关的股票——闪迪、美光科技和 AMD——在过去一年中显著超越了英伟达。闪迪因 NAND 存储器短缺和价格上涨而飙升近 4000%。美光受益于高带宽内存需求推动的 DRAM 需求，股价上涨超过 700%。AMD 则获得约 302% 的涨幅，凭借其在推理和自主人工智能市场的强大地位，相较于英伟达在训练领域的主导地位</p>

<p>While <strong>Nvidia</strong>( NVDA +3.90%) has been one of the biggest drivers of the market during the past five years, its performance has slowed recently, with the stock up just around 26% over the past year. Part of the reason is the company's sheer size, which has climbed to around $5 trillion in market cap. Still, as the company transforms from a graphics processing unit (GPU) maker into a complete AI infrastructure company, its future remains bright. The stock is also cheap, trading at a forward P/E of 16 times analyst estimates for fiscal 2028 (ending January 2028), even after it reported 85% revenue growth last quarter.</p>
<div class="lb-trans"><p>虽然 <strong>Nvidia</strong>( NVDA +3.90%) 在过去五年中一直是市场的主要推动力，但其表现最近有所放缓，过去一年股价仅上涨约 26%。部分原因是公司的规模庞大，市值已达到约 5 万亿美元。尽管如此，随着公司从图形处理单元（GPU）制造商转型为完整的人工智能基础设施公司，其未来依然光明。该股票的估值也相对便宜，按 2028 财年的分析师预期市盈率（P/E）为 16 倍进行交易，即使在上个季度报告了 85% 的收入增长之后。</p>
</div><p>That said, let's look at three AI stocks that have crushed Nvidia's stock performance over the past year. (Note all returns are as of this writing, and even seemingly small moves can have big impacts on one-year returns.)</p>
<div class="lb-trans"><p>话虽如此，让我们来看三只在过去一年中表现超过 Nvidia 的 人工智能股票。(请注意，所有收益数据截至本文撰写时，即使是看似微小的波动也可能对一年期收益产生重大影响。)</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Nzc4MzAvcmFtLWRyYW0tc2VtaWNvbmR1Y3Rvci1jaGlwLW1hbnVmYWN0dXJpbmcuanBnJnc9Mzg0MA" alt="Memory packaged on a chip." original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F877830%2Fram-dram-semiconductor-chip-manufacturing.jpg&amp;w=3840&amp;op=resize"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>Sandisk: No flash in the pan</h2>
<div class="lb-trans"><h2>闪迪：不只是昙花一现</h2>
</div><p>Up over 3,990% in the past year, <strong>Sandisk</strong>( SNDK +3.27%) has been the hottest stock in the market, even after a recent 19% pullback. The memory maker has benefited from a shortage of NAND (flash) memory, as demand for huge SSDs (solid-state drives) that use flash memory to store AI data has surged. This has driven up NAND prices, which in turn has boosted Sandisk's sales and gross margin. Last quarter, its revenue surged 251%, while its gross margin climbed from 22.5% to 78.4%.</p>
<div class="lb-trans"><p>在过去一年中上涨超过 3990% 的 <strong>闪迪</strong>( SNDK +3.27%) 是市场上最火的股票，即使在最近回调 19% 之后。这家内存制造商受益于 NAND（闪存）内存的短缺，因使用闪存存储人工智能数据的大型固态硬盘（SSD）的需求激增。这推动了 NAND 价格上涨，进而提升了闪迪的销售和 毛利率。上个季度，其收入激增 251%，毛利率从 22.5% 上升至 78.4%。</p>
</div><p>Expand</p>
<div class="lb-trans"><p>展开</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL1NOREsucG5nJnc9MTI4" alt="Sandisk Stock Quote" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fart%2Fcompanylogos%2Fmark%2FSNDK.png&amp;w=128&amp;op=resize"/></p>
<h2>NASDAQ: SNDK</h2>
<div class="lb-trans"><h2>NASDAQ: SNDK</h2>
</div><p>Sandisk</p>
<div class="lb-trans"><p>闪迪</p>
</div><p>Today's Change</p>
<div class="lb-trans"><p>今日变动</p>
</div><p>(3.27%) $60.73</p>
<div class="lb-trans"><p>(3.27%) $60.73</p>
</div><p>Current Price</p>
<div class="lb-trans"><p>当前价格</p>
</div><p>$1,919.00</p>
<div class="lb-trans"><p>$1,919.00</p>
</div><h3>Key Data Points</h3>
<div class="lb-trans"><h3>关键数据点</h3>
</div><p>Market Cap</p>
<div class="lb-trans"><p>市值</p>
</div><p>$284BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.Market cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.</p>
<div class="lb-trans"><p>$284B 市值仅计算已上市的流通股，不包括未上市、私有或双重股权的非交易股份。隐含市值可能会有所不同。市值仅计算已上市的流通股，不包括未上市、私有或双重股权的非交易股份。隐含市值可能会有所不同。</p>
</div><p>Day's Range</p>
<div class="lb-trans"><p>日内区间</p>
</div><p>$1772.02 - $1946.43</p>
<div class="lb-trans"><p>$1772.02 - $1946.43</p>
</div><p>52wk Range</p>
<div class="lb-trans"><p>52 周区间</p>
</div><p>$40.10 - $2354.39</p>
<div class="lb-trans"><p>$40.10 - $2354.39</p>
</div><p>Volume</p>
<div class="lb-trans"><p>成交量</p>
</div><p>269.4K</p>
<div class="lb-trans"><p>269.4K</p>
</div><p>Avg Vol</p>
<div class="lb-trans"><p>平均成交量</p>
</div><p>13.4M</p>
<div class="lb-trans"><p>13.4M</p>
</div><p>Gross Margin</p>
<div class="lb-trans"><p>毛利率</p>
</div><p>56.04%</p>
<div class="lb-trans"><p>56.04%</p>
</div><p>Flash prices continue to climb, and Wedbush recently raised its fiscal Q4 outlook for the company, saying Sandisk likely materially underestimated the impact of higher industry price gains in its original forecast. The stock only trades at a forward P/E of less than 7.5 times next year's fiscal estimates, but its multiple remains low due to the NAND market's historically cyclical nature. However, it has started to lock in some longer-term deals with $42 billion in minimum value to try to reduce some of its cyclicality, which could still make the stock a bargain if the NAND cycle continues.</p>
<div class="lb-trans"><p>闪存价格持续上涨，Wedbush 最近上调了该公司的 2024 财季展望，称闪迪可能在原始预测中严重低估了行业价格上涨的影响。该股票的前瞻市盈率不到 7.5 倍，但由于 NAND 市场历史上周期性的特性，其倍数仍然较低。然而，它已开始锁定一些价值 420 亿美元的长期合同，以尝试减少其周期性，如果 NAND 周期持续，这仍可能使该股票成为一个便宜的选择。</p>
</div><h2>Micron Technology: Riding the DRAM supercycle</h2>
<div class="lb-trans"><h2>美光科技：乘风破浪的 DRAM 超级周期</h2>
</div><p>Memory maker <strong>Micron Technology</strong>( MU 1.05%) has also been crushing it the past year, with its stock up roughly 721%. Micron derives approximately 75% of its revenue from DRAM (dynamic random access memory) and 25% from NAND. Like Sandisk, the company is seeing big boosts from rising memory prices, which in turn is driving revenue growth and expanding its gross margin.</p>
<div class="lb-trans"><p>内存制造商 <strong>美光科技</strong>( MU 1.05%) 在过去一年中表现出色，股价上涨约 721%。美光约 75% 的收入来自动态随机存取内存（DRAM），25% 来自 NAND。与闪迪类似，该公司也因内存价格上涨而获得了巨大的推动，这反过来又推动了收入增长并扩大了毛利率。</p>
</div><p>Expand</p>
<div class="lb-trans"><p>展开</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL01VLnBuZyZ3PTEyOA" alt="Micron Technology Stock Quote" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fart%2Fcompanylogos%2Fmark%2FMU.png&amp;w=128&amp;op=resize"/></p>
<h2>NASDAQ: MU</h2>
<div class="lb-trans"><h2>NASDAQ: MU</h2>
</div><p>Micron Technology</p>
<div class="lb-trans"><p>美光科技</p>
</div><p>Today's Change</p>
<div class="lb-trans"><p>今日变动</p>
</div><p>(-1.05%) $-10.39</p>
<div class="lb-trans"><p>(-1.05%) $-10.39</p>
</div><p>Current Price</p>
<div class="lb-trans"><p>当前价格</p>
</div><p>$981.25</p>
<div class="lb-trans"><p>$981.25</p>
</div><h3>Key Data Points</h3>
<div class="lb-trans"><h3>关键数据点</h3>
</div><p>Market Cap</p>
<div class="lb-trans"><p>市值</p>
</div><p>$1.1TMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.Market cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.</p>
<div class="lb-trans"><p>$1.1T 市值仅计算已上市的流通股，不包括未上市、私有或双重股权的非交易股份。隐含市值可能会有所不同。市值仅计算已上市的流通股，不包括未上市、私有或双重股权的非交易股份。隐含市值可能会有所不同。</p>
</div><p>Day's Range</p>
<div class="lb-trans"><p>日内区间</p>
</div><p>$954.13 - $998.00</p>
<div class="lb-trans"><p>$954.13 - $998.00</p>
</div><p>52wk Range</p>
<div class="lb-trans"><p>52 周区间</p>
</div><p>$103.38 - $1255.00</p>
<div class="lb-trans"><p>$103.38 - $1255.00</p>
</div><p>Volume</p>
<div class="lb-trans"><p>成交量</p>
</div><p>859.4K</p>
<div class="lb-trans"><p>859.4K</p>
</div><p>Avg Vol</p>
<div class="lb-trans"><p>平均成交量</p>
</div><p>51.2M</p>
<div class="lb-trans"><p>51.2M</p>
</div><p>Gross Margin</p>
<div class="lb-trans"><p>毛利率</p>
</div><p>72.60%</p>
<div class="lb-trans"><p>72.60%</p>
</div><p>Dividend Yield</p>
<div class="lb-trans"><p>股息收益率</p>
</div><p>0.05%</p>
<div class="lb-trans"><p>0.05%</p>
</div><p>The DRAM market is benefiting from surging demand for high-bandwidth memory (HBM), which is used to optimize the performance of GPUs and other AI chips. This dynamic is becoming even more pronounced with the rise of inference, which tends to be more memory-bound than compute-constrained. The supply shortage has helped the company lock in long-term contracts for the first time, now covering 40% of its revenue, which should help reduce some of the cyclicality of its business. The stock trades at a forward P/E of under 6.5 times fiscal 2027 estimates, making it a bargain if the DRAM supercycle continues to have legs.</p>
<div class="lb-trans"><p>DRAM 市场受益于对高带宽内存（HBM）的激增需求，这种内存用于优化 GPU 和其他人工智能芯片的性能。随着 推理 的兴起，这种动态变得更加明显，因为推理通常比计算受限更依赖内存。供应短缺帮助公司首次锁定长期合同，目前覆盖其收入的 40%，这应该有助于减少其业务的周期性。该股票的前瞻市盈率低于 6.5 倍的 2027 财年预期，如果 DRAM 超级周期继续保持活力，便是一个便宜的选择。</p>
</div><h2>AMD: Riding the inference and agentic AI waves</h2>
<div class="lb-trans"><h2>AMD：乘风破浪的推理和自主人工智能浪潮</h2>
</div><p>A direct competitor to Nvidia, <strong>Advanced Micro Devices</strong>( AMD +2.13%) has nicely outperformed its rival, with its stock up about 302% over the past year. The company's stock performance has been driven by its position in the inference and agentic AI markets.</p>
<div class="lb-trans"><p>作为 Nvidia 的直接竞争对手，<strong>超威半导体</strong>( AMD +2.13%) 的表现明显优于其竞争对手，过去一年股价上涨约 302%。公司的股票表现受到其在推理和自主人工智能市场中的地位推动。</p>
</div><p>Expand</p>
<div class="lb-trans"><p>展开</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0FNRC5wbmcmdz0xMjg" alt="Advanced Micro Devices Stock Quote" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fart%2Fcompanylogos%2Fmark%2FAMD.png&amp;w=128&amp;op=resize"/></p>
<h2>NASDAQ: AMD</h2>
<div class="lb-trans"><h2>NASDAQ: AMD</h2>
</div><p>Advanced Micro Devices</p>
<div class="lb-trans"><p>超威半导体</p>
</div><p>Today's Change</p>
<div class="lb-trans"><p>今日变动</p>
</div><p>(2.13%) $11.62</p>
<div class="lb-trans"><p>(2.13%) $11.62</p>
</div><p>Current Price</p>
<div class="lb-trans"><p>当前价格</p>
</div><p>$558.34</p>
<div class="lb-trans"><p>$558.34</p>
</div><h3>Key Data Points</h3>
<div class="lb-trans"><h3>关键数据点</h3>
</div><p>Market Cap</p>
<div class="lb-trans"><p>市值</p>
</div><p>$910BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.Market cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.</p>
<div class="lb-trans"><p>$910B 市值仅计算已上市的流通股，不包括未上市、私有或双重股权的非交易股份。隐含市值可能会有所不同。市值仅计算已上市的流通股，不包括未上市、私有或双重股权的非交易股份。隐含市值可能会有所不同。</p>
</div><p>Day's Range</p>
<div class="lb-trans"><p>日内区间</p>
</div><p>$540.26 - $560.19</p>
<div class="lb-trans"><p>$540.26 - $560.19</p>
</div><p>52wk Range</p>
<div class="lb-trans"><p>52 周区间</p>
</div><p>$141.90 - $584.73</p>
<div class="lb-trans"><p>$141.90 - $584.73</p>
</div><p>Volume</p>
<div class="lb-trans"><p>成交量</p>
</div><p>547.1K</p>
<div class="lb-trans"><p>547.1K</p>
</div><p>Avg Vol</p>
<div class="lb-trans"><p>平均成交量</p>
</div><p>36.5M</p>
<div class="lb-trans"><p>36.5M</p>
</div><p>Gross Margin</p>
<div class="lb-trans"><p>毛利率</p>
</div><p>47.09%</p>
<div class="lb-trans"><p>47.09%</p>
</div><p>While Nvidia has dominated the AI training market due to its strong CUDA software moat, AMD is much better positioned in the fast-growing inference market. Its chiplet designs allow its GPUs to be packaged with more memory, making them well-suited for inference, and it has signed $100 billion GPU partnerships with both OpenAI and <strong>Meta Platforms</strong>. It is also believed that Anthropic will use its newest chips.</p>
<div class="lb-trans"><p>虽然英伟达凭借其强大的 CUDA 软件 壁垒在人工智能训练市场占据主导地位，但 AMD 在快速增长的推理市场中则处于更有利的位置。其芯片设计允许将更多内存打包到 GPU 中，使其非常适合推理，并且与 OpenAI 和 <strong>Meta Platforms</strong> 签署了价值 1000 亿美元的 GPU 合作协议。人们还相信 Anthropic 将使用其最新的芯片。</p>
</div><p>On top of that, as a leader in data center central processing units (CPUs), the company is set to ride the wave in agentic AI. More CPUs will be needed in AI data centers to manage AI agents, with AMD predicting this will grow into a $120 billion addressable market over the next few years. It's a huge opportunity, and the company is already designing high-performance CPUs specifically for agentic AI.</p>
<div class="lb-trans"><p>此外，作为数据中心中央处理器（CPU）的领导者，该公司准备在自主 AI 浪潮中乘风破浪。AI 数据中心将需要更多的 CPU 来管理 AI 代理，AMD 预测这一市场在未来几年将增长到 1200 亿美元。这是一个巨大的机会，公司已经在专门为自主 AI 设计高性能 CPU。</p>
</div><p>Given its opportunities with both inference and agentic AI, AMD looks like it could have more room to run.</p>
<div class="lb-trans"><p>考虑到在推理和自主 AI 方面的机会，AMD 看起来有更大的发展空间。</p>
</div>

3 Stocks That Crushed Nvidia With 300% or More Gains Over the Past Year

- 英伟达最近股票涨幅仅为 26%，市值已达约 5 万亿美元。  
- 三只 AI 股票表现远超英伟达，分别为 Sandisk、Micron 和 AMD。  
- Sandisk 和 Micron 受益于内存需求激增，AMD 在推理市场中占据优势。

过去一年中，有 3 只股票的涨幅超过 300%，表现优于英伟达