<p><strong>先進微設備</strong>（納斯達克：<strong>AMD</strong>）並沒有像其芯片競爭對手 <strong>英偉達</strong>（納斯達克：<strong>NVDA</strong>）一樣看到相同的漲勢。自年初以來，英偉達的股價已經上漲了超過 154%，而先進微設備的股票看起來相對平穩，僅在截至上週五的交易日上漲了 16.6%。</p>
<p>很明顯，市場正在押注英偉達將繼續在推出新的更好的人工智能加速器芯片方面領先市場。然而，投資者不應低估 AMD 進入蓬勃發展的人工智能芯片市場可能產生的影響。以下是先進微設備股票仍然是一個有利可圖的人工智能押注的 3 個原因。</p>
<h2>人工智能市場仍然適合新進入者</h2>
<p>自去年年初以來，金融市場一直在為所謂的 “人工智能熱潮” 而苦苦掙扎。初創公司 <strong>OpenAI</strong> 發佈的 ChatGPT，一個生成式聊天機器人，吸引了市場觀察者和普通市民的注意。</p>
<p>現在企業正競相將這項新技術納入其產品中，以提高業務效率併為股東創造價值。</p>
<p>英偉達是人工智能芯片市場的領導者。該芯片製造商目前擁有最先進的芯片，其面向開發人員的 CUDA 軟件在幫助其 GPU 提供卓越性能方面取得了極大成功。</p>
<p>由於其主導地位，英偉達可以為其芯片定價溢價。例如，<strong>微軟</strong>（納斯達克：<strong>MSFT</strong>）計劃在其當前財年支出超過 500 億美元，其中很大一部分將用於購買英偉達的加速器。</p>
<p>這就是 AMD 進入市場幾乎是必不可少的地方。AMD 的 MI300 和 MI325X 加速器提供了價格和性能的平衡，吸引了那些不專注於最新技術的企業。</p>
<h2>先進微設備股票在這裏看起來不錯</h2>
<p>AMD 正在加緊與不僅是英偉達，還有 <strong>英特爾</strong>（納斯達克：<strong>INTC</strong>）和 <strong>高通</strong>（納斯達克：<strong>QCOM</strong>）競爭。</p>
<p>上個月在台灣台北舉行的 Computex 大會上，AMD 首席執行官 Lisa Su 確認了公司對人工智能的承諾。</p>
<p>Su 表示：“人工智能是我們的首要任務，我們正處於一個令人難以置信的激動人心的時刻，因為人工智能正在改變幾乎每個行業，提高我們的生活質量，並重塑計算市場的各個部分。”</p>
<p>該芯片製造商推出了用於下一代人工智能筆記本電腦的 Ryzen AI 300 系列，這將更直接地與英特爾和高通競爭。AMD 還宣佈了能夠處理人工智能工作負載的 Ryzen 9000 系列台式機 CPU。</p>
<p>除了將於年底進入市場的 MI325X 外，AMD 還提供了連續加速器的路線圖，包括 2025 年的 Instinct MI350 系列和 2026 年的 Instinct MI400 系列。</p>
<p>英特爾是人工智能加速器競賽中的第三大競爭對手，但其 Gaudi 3 處理器在性能和硬件的某些方面落後，包括比 AMD 的 MI300 芯片更少的高帶寬內存。這可能給 AMD 一些喘息之機，讓其趕上英偉達。</p>
<h2>AMD 比 NVDA 便宜</h2>
<p>英偉達股價在 2024 年翻了一番多，以至於有一段時間該芯片製造商是全球市值最高的公司，這一漲勢也導致估值的相應增加。</p>
<p>英偉達現在的前瞻性盈利倍數為 43.3 倍，幾乎是該芯片製造商六個月前的兩倍。相比之下，AMD 的前瞻性盈利倍數為 42.7 倍，使 AMD 的股票略顯便宜。</p>
<p>如果我們看銷售倍數，差異更大。AMD 的前瞻性銷售倍數為 10.1 倍，而英偉達的銷售倍數超過 AMD 的兩倍多。</p>
<p>總之，AMD 在這場人工智能芯片競賽中扮演着重要角色，希望參與這場 “熱潮” 的投資者應考慮購買 AMD，尤其是當其當前交易價格比英偉達便宜時。</p>
<p>_在發佈日期，Tyrik Torres 在本文中提到的證券中沒有（直接或間接）持有任何頭寸。本文中表達的觀點屬於作者本人，受到 InvestorPlace.com 發佈指南的約束。</p>
<p>_在發佈日期，負責編輯在本文中提到的證券中沒有（直接或間接）持有任何頭寸。</p>
<p>Tyrik Torres 從大學時代開始研究和參與金融市場，他特別熱衷於幫助人們理解複雜的系統。他的專業領域包括半導體和企業軟件股票。他在投資（公開市場和私人市場）和投資銀行方面都有工作經驗。</p>
<p>技術，人工智能，半導體</p>

高通

<p>儘管股價沒有像競爭對手英偉達那樣出現同樣的漲勢，但先進微設備（AMD）仍然是一個有利可圖的人工智能賭注。人工智能市場仍然對新進入者充滿機遇，AMD 進軍人工智能芯片市場至關重要。AMD 正在加大力度與英偉達、英特爾和高通競爭，其股價比英偉達便宜。投資者應考慮購買 AMD 股票，尤其是在當前折扣價位時</p>

<p><strong>Advanced Micro Devices</strong> (NASDAQ:<strong>AMD</strong>) is not seeing the same rally as its chip counterpart <strong>Nvidia</strong> (NASDAQ:<strong>NVDA</strong>). Nvidia’s share price has rallied more than 154% since the start of the year, while Advanced Micro Devices stock appears relatively flat, only appreciating 16.6% for the year as of last Friday’s trading session.</p>
<div class="lb-trans"><p><strong>先進微設備</strong>（納斯達克：<strong>AMD</strong>）並沒有像其芯片競爭對手 <strong>英偉達</strong>（納斯達克：<strong>NVDA</strong>）一樣看到相同的漲勢。自年初以來，英偉達的股價已經上漲了超過 154%，而先進微設備的股票看起來相對平穩，僅在截至上週五的交易日上漲了 16.6%。</p>
</div><p>It’s clear the market is betting on Nvidia to continue to lead the market in terms of churning out new and better AI accelerator chips. However, investors should not be underestimating the potential impact of AMD’s entrance into the burgeoning AI chip market.vBelow are 3 reasons Advanced Micro Devices stock remains a lucrative AI bet.</p>
<div class="lb-trans"><p>很明顯，市場正在押注英偉達將繼續在推出新的更好的人工智能加速器芯片方面領先市場。然而，投資者不應低估 AMD 進入蓬勃發展的人工智能芯片市場可能產生的影響。以下是先進微設備股票仍然是一個有利可圖的人工智能押注的 3 個原因。</p>
</div><h2>AI Market Remains Ripe for New Entrants</h2>
<div class="lb-trans"><h2>人工智能市場仍然適合新進入者</h2>
</div><p>Financial markets have been reeling from the so-called “AI craze” since earlier last year. Startup <strong>OpenAI</strong>‘s release of ChatGPT, a generative chatbot, captured the minds and imaginations of market watchers and average citizens alike.</p>
<div class="lb-trans"><p>自去年年初以來，金融市場一直在為所謂的 “人工智能熱潮” 而苦苦掙扎。初創公司 <strong>OpenAI</strong> 發佈的 ChatGPT，一個生成式聊天機器人，吸引了市場觀察者和普通市民的注意。</p>
</div><p>Now enterprises are racing to incorporate the new technology into their products to both create business efficiencies as well as value for shareholders.</p>
<div class="lb-trans"><p>現在企業正競相將這項新技術納入其產品中，以提高業務效率併為股東創造價值。</p>
</div><p>Nvidia is the leader in the AI chip market. The chipmaker has the most advanced chips as of now, and its CUDA software for developers has been extremely successful in helping its GPU deliver top-notch performance.</p>
<div class="lb-trans"><p>英偉達是人工智能芯片市場的領導者。該芯片製造商目前擁有最先進的芯片，其面向開發人員的 CUDA 軟件在幫助其 GPU 提供卓越性能方面取得了極大成功。</p>
</div><p>Because of its dominance, Nvidia can command a premium price for its chips. <strong>Microsoft</strong> (NASDAQ:<strong>MSFT</strong>), for example, is planning to spend more than $50 billion on capital expenditures during its current fiscal year, and a lot of that is going to purchase Nvidia’s accelerators.</p>
<div class="lb-trans"><p>由於其主導地位，英偉達可以為其芯片定價溢價。例如，<strong>微軟</strong>（納斯達克：<strong>MSFT</strong>）計劃在其當前財年支出超過 500 億美元，其中很大一部分將用於購買英偉達的加速器。</p>
</div><p>This is where AMD’s entry into the market is almost essential. AMD’s MI300 and MI325X accelerators offer a balance of price and performance, appealing to enterprises not focused on the latest technology.</p>
<div class="lb-trans"><p>這就是 AMD 進入市場幾乎是必不可少的地方。AMD 的 MI300 和 MI325X 加速器提供了價格和性能的平衡，吸引了那些不專注於最新技術的企業。</p>
</div><h2>Advanced Micro Devices Stock Looks Good Here</h2>
<div class="lb-trans"><h2>先進微設備股票在這裏看起來不錯</h2>
</div><p>AMD is ramping up to compete with not just Nvidia but also <strong>Intel</strong> (NASDAQ:<strong>INTC</strong>) and <strong>Qualcomm</strong> (NASDAQ:<strong>QCOM</strong>).</p>
<div class="lb-trans"><p>AMD 正在加緊與不僅是英偉達，還有 <strong>英特爾</strong>（納斯達克：<strong>INTC</strong>）和 <strong>高通</strong>（納斯達克：<strong>QCOM</strong>）競爭。</p>
</div><p>During the Computex conference last month in Taipei, Taiwan, AMD CEO Lisa Su solidified her firm’s commitment to AI.</p>
<div class="lb-trans"><p>上個月在台灣台北舉行的 Computex 大會上，AMD 首席執行官 Lisa Su 確認了公司對人工智能的承諾。</p>
</div><p>“AI is our number one priority and we’re at the beginning of an incredibly exciting time for the industry as AI transforms virtually every business, improves our quality of life, and reshapes every part of the computing market,” Su said.</p>
<div class="lb-trans"><p>Su 表示：“人工智能是我們的首要任務，我們正處於一個令人難以置信的激動人心的時刻，因為人工智能正在改變幾乎每個行業，提高我們的生活質量，並重塑計算市場的各個部分。”</p>
</div><p>The chipmaker unveiled the Ryzen AI 300 series for next-generation AI laptops, which would compete more directly with Intel and Qualcomm. AMD also announced the Ryzen 9000 series desktop CPUs which could handle AI workloads.</p>
<div class="lb-trans"><p>該芯片製造商推出了用於下一代人工智能筆記本電腦的 Ryzen AI 300 系列，這將更直接地與英特爾和高通競爭。AMD 還宣佈了能夠處理人工智能工作負載的 Ryzen 9000 系列台式機 CPU。</p>
</div><p>Along with MI325X which will enter the market at the end of the year, AMD also gave the road map for successive accelerators, including the Instinct MI350 series for 2025 and the Instinct MI400 series for 2026.</p>
<div class="lb-trans"><p>除了將於年底進入市場的 MI325X 外，AMD 還提供了連續加速器的路線圖，包括 2025 年的 Instinct MI350 系列和 2026 年的 Instinct MI400 系列。</p>
</div><p>Intel is the third major competitor in the race for AI accelerators, yet its Gaudi 3 processors are behind in certain aspects of performance and hardware, including a smaller amount of high-bandwidth memory than AMD’s MI300 chip. This could give AMD some breathing room as it catches up with Nvidia.</p>
<div class="lb-trans"><p>英特爾是人工智能加速器競賽中的第三大競爭對手，但其 Gaudi 3 處理器在性能和硬件的某些方面落後，包括比 AMD 的 MI300 芯片更少的高帶寬內存。這可能給 AMD 一些喘息之機，讓其趕上英偉達。</p>
</div><h2>AMD Is Cheaper than NVDA</h2>
<div class="lb-trans"><h2>AMD 比 NVDA 便宜</h2>
</div><p>Nvidia share price has more than double in 2024, so much so that even at one point the chipmaker was the world’s most valuable company, and this rally has led to comparable increase in valuation as well.</p>
<div class="lb-trans"><p>英偉達股價在 2024 年翻了一番多，以至於有一段時間該芯片製造商是全球市值最高的公司，這一漲勢也導致估值的相應增加。</p>
</div><p>Nvidia now trades at 43.3x forward earnings, almost twice the valuation the chipmaker garnered six months ago. AMD, in comparison, trades at a 42.7x forward earnings, making AMD’s stock slightly cheaper.</p>
<div class="lb-trans"><p>英偉達現在的前瞻性盈利倍數為 43.3 倍，幾乎是該芯片製造商六個月前的兩倍。相比之下，AMD 的前瞻性盈利倍數為 42.7 倍，使 AMD 的股票略顯便宜。</p>
</div><p>If we look at sales multiples, there is an even larger difference. AMD trades at 10.1x forward sales, while Nvidia trades at more than twice that sales multiple.</p>
<div class="lb-trans"><p>如果我們看銷售倍數，差異更大。AMD 的前瞻性銷售倍數為 10.1 倍，而英偉達的銷售倍數超過 AMD 的兩倍多。</p>
</div><p>That is all to say, AMD has a major role to play in this AI chip race, and investors looking to get in on the “craze” should consider buying AMD, especially when it is currently trading at such a discount to Nvidia.</p>
<div class="lb-trans"><p>總之，AMD 在這場人工智能芯片競賽中扮演着重要角色，希望參與這場 “熱潮” 的投資者應考慮購買 AMD，尤其是當其當前交易價格比英偉達便宜時。</p>
</div><p><em>On the date of publication, Tyrik Torres did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.</em></p>
<div class="lb-trans"><p>_在發佈日期，Tyrik Torres 在本文中提到的證券中沒有（直接或間接）持有任何頭寸。本文中表達的觀點屬於作者本人，受到 InvestorPlace.com 發佈指南的約束。</p>
</div><p><em>On the date of publication, the responsible editor did not have (either directly or indirectly) and positions in the securities mentioned in this article.</em></p>
<div class="lb-trans"><p>_在發佈日期，負責編輯在本文中提到的證券中沒有（直接或間接）持有任何頭寸。</p>
</div><p>Tyrik Torres has been studying and participating in financial markets since he was in college, and he has particular passion for helping people understand complex systems. His areas of expertise are semiconductor and enterprise software equities. He has work experience in both investing (public and private markets) and investment banking.</p>
<div class="lb-trans"><p>Tyrik Torres 從大學時代開始研究和參與金融市場，他特別熱衷於幫助人們理解複雜的系統。他的專業領域包括半導體和企業軟件股票。他在投資（公開市場和私人市場）和投資銀行方面都有工作經驗。</p>
</div><p>Technology, Artificial Intelligence, Semiconductor</p>
<div class="lb-trans"><p>技術，人工智能，半導體</p>
</div>

3 Reasons Why Advanced Micro Devices Stock Is Still a Lucrative AI Bet

- Nvidia's stock price has surged 154% this year, while AMD's has only risen 16.6%. 
- AMD's entrance into the AI chip market offers a lucrative opportunity due to the growing demand for AI technology. 
- AMD is gearing up to compete with Nvidia, Intel, and Qualcomm in the AI chip market, offering a more affordable option for investors.

3 個原因説明為什麼超威半導體的股票仍然是一個有利可圖的人工智能投資