<p><strong>超微半導體</strong>(AMD -5.54%) 的股價今天大幅下跌，原因是分析師下調評級，指出其人工智能 (AI) 部門的疲軟。</p>
<p>此外，該股票可能對一份悲觀的就業報告以及關於半導體關税的新威脅作出了負面反應。最後，有報道稱 <strong>OpenAI</strong> 計劃首次自行生產 AI 芯片，這可能對像 AMD 和 <strong>英偉達</strong> 這樣的供應商構成威脅。</p>
<p>因此，截至東部時間上午 11:28，該股票下跌了 6.3%。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzIxNzgvYS1zZW1pY29uZHVjdG9yLWJlaW5nLW1hZGUuanBnJnc9NzAw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzIxNzgvYS1zZW1pY29uZHVjdG9yLWJlaW5nLW1hZGUuanBnJnc9NzAw"/></p>
<p>圖片來源：Getty Images。</p>
<h2>AMD 遭遇打擊</h2>
<p>今天拋售的主要原因是 <strong>Seaport Research</strong> 下調了對 AMD 的評級，從買入降至中性，指出供應鏈檢查顯示其 AI 芯片業務增長放緩。</p>
<p>其他報告似乎加劇了這些擔憂，因為 8 月份的就業報告顯示上個月僅新增 22,000 個職位，表明經濟增長放緩。</p>
<p>此外，特朗普總統再次表示，他的政府將對未將生產轉移到美國的半導體進口公司徵收關税。目前尚不清楚該政策是否會影響總部位於美國的 AMD，但作為一家無廠半導體公司，AMD 與 <strong>台積電</strong> 等代工廠簽訂合同進行生產。該政策的不確定性可能也在施壓該股票。</p>
<p>競爭對手如領先的 AI 芯片製造商英偉達今天也下跌，儘管這可能是對《金融時報》報道的反應，該報道指出 OpenAI 將首次開始生產自己的 AI 芯片，從而減少對像英偉達和 AMD 這樣的外部合作伙伴的依賴。</p>
<h2>這對 AMD 意味着什麼</h2>
<p>Seaport 關於 AI 業務增長放緩的報告是最令人擔憂的消息，因為 AMD 已將自己定位為 AI GPU 領域的第二大公司，儘管遠遠落後於英偉達。</p>
<p>AMD 在第二季度報告了其 Instinct Mi350 AI 加速器的強勁銷售。目前，儘管 Anthropic 的估值在本週早些時候翻倍至 1830 億美元，但這一繁榮似乎仍然健康，但投資者應關注 AMD 是否有其他 AI 疲軟的報告。</p>

OpenAI

英偉達

<p>先進微電子（AMD）的股價下跌了 6.3%，原因是 Seaport Research 的分析師下調了評級，指出其人工智能芯片部門的增長放緩。就業報告不佳和對半導體進口可能徵收關税的消息進一步加劇了這一下跌。此外，關於 OpenAI 計劃自行生產人工智能芯片的報道也引發了對 AMD 及其同行（包括英偉達）的擔憂。儘管其人工智能加速器的銷售強勁，但 AMD 的人工智能業務前景似乎不確定，導致投資者保持謹慎</p>

<p>Shares of <strong>Advanced Micro Devices</strong>(AMD -5.54%) were taking a dive today in response to an analyst downgrade, calling out weakness in its artificial intelligence (AI) division.</p>
<div class="lb-trans"><p><strong>超微半導體</strong>(AMD -5.54%) 的股價今天大幅下跌，原因是分析師下調評級，指出其人工智能 (AI) 部門的疲軟。</p>
</div><p>In addition, the stock may have reacted negatively to a downbeat employment report, as well as a new threat about tariffs on semiconductors. Finally, reports came out showing that OpenAI was planning to make its own AI chips for the first time, which could threaten suppliers like AMD and <strong>Nvidia</strong>.</p>
<div class="lb-trans"><p>此外，該股票可能對一份悲觀的就業報告以及關於半導體關税的新威脅作出了負面反應。最後，有報道稱 <strong>OpenAI</strong> 計劃首次自行生產 AI 芯片，這可能對像 AMD 和 <strong>英偉達</strong> 這樣的供應商構成威脅。</p>
</div><p>As a result, the stock was down 6.3% as of 11:28 a.m. ET.</p>
<div class="lb-trans"><p>因此，截至東部時間上午 11:28，該股票下跌了 6.3%。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzIxNzgvYS1zZW1pY29uZHVjdG9yLWJlaW5nLW1hZGUuanBnJnc9NzAw" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F832178%2Fa-semiconductor-being-made.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>圖片來源：Getty Images。</p>
</div><h2>AMD gets dinged</h2>
<div class="lb-trans"><h2>AMD 遭遇打擊</h2>
</div><p>The main reason for the sell-off today was a downgrade from Seaport Research, which lowered its rating on AMD from buy to neutral, noting that supply chain checks indicated slowing growth in its AI chip business.</p>
<div class="lb-trans"><p>今天拋售的主要原因是 <strong>Seaport Research</strong> 下調了對 AMD 的評級，從買入降至中性，指出供應鏈檢查顯示其 AI 芯片業務增長放緩。</p>
</div><p>Other reports seemed to add to those worries, as the August employment report showed that just 22,000 jobs were added last month, a sign of slowing economic growth.</p>
<div class="lb-trans"><p>其他報告似乎加劇了這些擔憂，因為 8 月份的就業報告顯示上個月僅新增 22,000 個職位，表明經濟增長放緩。</p>
</div><p>Additionally, President Trump said again that his administration would impose tariffs on semiconductor imports for companies not moving production to the U.S. It's unclear if that policy would affect AMD, which is based in the U.S., but as a fabless chip company, contracts with foundries like <strong>TSMC</strong> for production. The uncertainty around the move may be weighing on the stock as well.</p>
<div class="lb-trans"><p>此外，特朗普總統再次表示，他的政府將對未將生產轉移到美國的半導體進口公司徵收關税。目前尚不清楚該政策是否會影響總部位於美國的 AMD，但作為一家無廠半導體公司，AMD 與 <strong>台積電</strong> 等代工廠簽訂合同進行生產。該政策的不確定性可能也在施壓該股票。</p>
</div><p>Peers such as Nvidia, the leading AI chipmaker, also fell today, though that may be in response to a <em>Financial Times</em> report that OpenAI will begin production of its own AI chips for the first time, limiting reliance on outside partners like Nvidia and AMD.</p>
<div class="lb-trans"><p>競爭對手如領先的 AI 芯片製造商英偉達今天也下跌，儘管這可能是對《金融時報》報道的反應，該報道指出 OpenAI 將首次開始生產自己的 AI 芯片，從而減少對像英偉達和 AMD 這樣的外部合作伙伴的依賴。</p>
</div><h2>What it means for AMD</h2>
<div class="lb-trans"><h2>這對 AMD 意味着什麼</h2>
</div><p>Seaport's report of slowing growth in the AI business is the most concerning news item, as AMD has positioned itself as the No. 2 company in AI GPUs, though it's well behind Nvidia.</p>
<div class="lb-trans"><p>Seaport 關於 AI 業務增長放緩的報告是最令人擔憂的消息，因為 AMD 已將自己定位為 AI GPU 領域的第二大公司，儘管遠遠落後於英偉達。</p>
</div><p>AMD reported strong sales of its Instinct Mi350 AI accelerators in the second quarter. At this point, the boom still seems healthy after Anthropic's valuation doubled to $183 billion earlier this week, but investors should keep their eyes out for any other reports of AI weakness at AMD.</p>
<div class="lb-trans"><p>AMD 在第二季度報告了其 Instinct Mi350 AI 加速器的強勁銷售。目前，儘管 Anthropic 的估值在本週早些時候翻倍至 1830 億美元，但這一繁榮似乎仍然健康，但投資者應關注 AMD 是否有其他 AI 疲軟的報告。</p>
</div>

Why AMD Stock Was Sliding Today

- AMD 股價因分析師下調評級而下跌，AI 部門表現疲軟。  
- 8 月就業報告顯示新增就業崗位僅 22,000，經濟增長放緩。  
- OpenAI 計劃首次生產自有 AI 芯片，可能威脅 AMD 和 Nvidia。

為什麼 AMD 的股票今天出現下滑