<p>雖然 <strong>Nvidia</strong>( NVDA +3.90%) 在過去五年中一直是市場的主要推動力，但其表現最近有所放緩，過去一年股價僅上漲約 26%。部分原因是公司的規模龐大，市值已達到約 5 萬億美元。儘管如此，隨着公司從圖形處理單元（GPU）製造商轉型為完整的人工智能基礎設施公司，其未來依然光明。該股票的估值也相對便宜，按 2028 財年的分析師預期市盈率（P/E）為 16 倍進行交易，即使在上個季度報告了 85% 的收入增長之後。</p>
<p>話雖如此，讓我們來看三隻在過去一年中表現超過 Nvidia 的 人工智能股票。(請注意，所有收益數據截至本文撰寫時，即使是看似微小的波動也可能對一年期收益產生重大影響。)</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>圖片來源：Getty Images。</p>
<h2>閃迪：不只是曇花一現</h2>
<p>在過去一年中上漲超過 3990% 的 <strong>閃迪</strong>( SNDK +3.27%) 是市場上最火的股票，即使在最近回調 19% 之後。這家內存製造商受益於 NAND（閃存）內存的短缺，因使用閃存存儲人工智能數據的大型固態硬盤（SSD）的需求激增。這推動了 NAND 價格上漲，進而提升了閃迪的銷售和 毛利率。上個季度，其收入激增 251%，毛利率從 22.5% 上升至 78.4%。</p>
<p>展開</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>閃迪</p>
<p>今日變動</p>
<p>(3.27%) $60.73</p>
<p>當前價格</p>
<p>$1,919.00</p>
<h3>關鍵數據點</h3>
<p>市值</p>
<p>$284B 市值僅計算已上市的流通股，不包括未上市、私有或雙重股權的非交易股份。隱含市值可能會有所不同。市值僅計算已上市的流通股，不包括未上市、私有或雙重股權的非交易股份。隱含市值可能會有所不同。</p>
<p>日內區間</p>
<p>$1772.02 - $1946.43</p>
<p>52 周區間</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>閃存價格持續上漲，Wedbush 最近上調了該公司的 2024 財季展望，稱閃迪可能在原始預測中嚴重低估了行業價格上漲的影響。該股票的前瞻市盈率不到 7.5 倍，但由於 NAND 市場歷史上週期性的特性，其倍數仍然較低。然而，它已開始鎖定一些價值 420 億美元的長期合同，以嘗試減少其週期性，如果 NAND 週期持續，這仍可能使該股票成為一個便宜的選擇。</p>
<h2>美光科技：乘風破浪的 DRAM 超級週期</h2>
<p>內存製造商 <strong>美光科技</strong>( MU 1.05%) 在過去一年中表現出色，股價上漲約 721%。美光約 75% 的收入來自動態隨機存取內存（DRAM），25% 來自 NAND。與閃迪類似，該公司也因內存價格上漲而獲得了巨大的推動，這反過來又推動了收入增長並擴大了毛利率。</p>
<p>展開</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>今日變動</p>
<p>(-1.05%) $-10.39</p>
<p>當前價格</p>
<p>$981.25</p>
<h3>關鍵數據點</h3>
<p>市值</p>
<p>$1.1T 市值僅計算已上市的流通股，不包括未上市、私有或雙重股權的非交易股份。隱含市值可能會有所不同。市值僅計算已上市的流通股，不包括未上市、私有或雙重股權的非交易股份。隱含市值可能會有所不同。</p>
<p>日內區間</p>
<p>$954.13 - $998.00</p>
<p>52 周區間</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 市場受益於對高帶寬內存（HBM）的激增需求，這種內存用於優化 GPU 和其他人工智能芯片的性能。隨着 推理 的興起，這種動態變得更加明顯，因為推理通常比計算受限更依賴內存。供應短缺幫助公司首次鎖定長期合同，目前覆蓋其收入的 40%，這應該有助於減少其業務的週期性。該股票的前瞻市盈率低於 6.5 倍的 2027 財年預期，如果 DRAM 超級週期繼續保持活力，便是一個便宜的選擇。</p>
<h2>AMD：乘風破浪的推理和自主人工智能浪潮</h2>
<p>作為 Nvidia 的直接競爭對手，<strong>超威半導體</strong>( AMD +2.13%) 的表現明顯優於其競爭對手，過去一年股價上漲約 302%。公司的股票表現受到其在推理和自主人工智能市場中的地位推動。</p>
<p>展開</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>超威半導體</p>
<p>今日變動</p>
<p>(2.13%) $11.62</p>
<p>當前價格</p>
<p>$558.34</p>
<h3>關鍵數據點</h3>
<p>市值</p>
<p>$910B 市值僅計算已上市的流通股，不包括未上市、私有或雙重股權的非交易股份。隱含市值可能會有所不同。市值僅計算已上市的流通股，不包括未上市、私有或雙重股權的非交易股份。隱含市值可能會有所不同。</p>
<p>日內區間</p>
<p>$540.26 - $560.19</p>
<p>52 周區間</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>雖然英偉達憑藉其強大的 CUDA 軟件 壁壘在人工智能訓練市場佔據主導地位，但 AMD 在快速增長的推理市場中則處於更有利的位置。其芯片設計允許將更多內存打包到 GPU 中，使其非常適合推理，並且與 OpenAI 和 <strong>Meta Platforms</strong> 簽署了價值 1000 億美元的 GPU 合作協議。人們還相信 Anthropic 將使用其最新的芯片。</p>
<p>此外，作為數據中心中央處理器（CPU）的領導者，該公司準備在自主 AI 浪潮中乘風破浪。AI 數據中心將需要更多的 CPU 來管理 AI 代理，AMD 預測這一市場在未來幾年將增長到 1200 億美元。這是一個巨大的機會，公司已經在專門為自主 AI 設計高性能 CPU。</p>
<p>考慮到在推理和自主 AI 方面的機會，AMD 看起來有更大的發展空間。</p>

英偉達

美光科技

<p>三隻與人工智能相關的股票——閃迪、美光科技和 AMD——在過去一年中顯著超越了英偉達。閃迪因 NAND 存儲器短缺和價格上漲而飆升近 4000%。美光受益於高帶寬內存需求推動的 DRAM 需求，股價上漲超過 700%。AMD 則獲得約 302% 的漲幅，憑藉其在推理和自主人工智能市場的強大地位，相較於英偉達在訓練領域的主導地位</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>雖然 <strong>Nvidia</strong>( NVDA +3.90%) 在過去五年中一直是市場的主要推動力，但其表現最近有所放緩，過去一年股價僅上漲約 26%。部分原因是公司的規模龐大，市值已達到約 5 萬億美元。儘管如此，隨着公司從圖形處理單元（GPU）製造商轉型為完整的人工智能基礎設施公司，其未來依然光明。該股票的估值也相對便宜，按 2028 財年的分析師預期市盈率（P/E）為 16 倍進行交易，即使在上個季度報告了 85% 的收入增長之後。</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>話雖如此，讓我們來看三隻在過去一年中表現超過 Nvidia 的 人工智能股票。(請注意，所有收益數據截至本文撰寫時，即使是看似微小的波動也可能對一年期收益產生重大影響。)</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>圖片來源：Getty Images。</p>
</div><h2>Sandisk: No flash in the pan</h2>
<div class="lb-trans"><h2>閃迪：不只是曇花一現</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>在過去一年中上漲超過 3990% 的 <strong>閃迪</strong>( SNDK +3.27%) 是市場上最火的股票，即使在最近回調 19% 之後。這家內存製造商受益於 NAND（閃存）內存的短缺，因使用閃存存儲人工智能數據的大型固態硬盤（SSD）的需求激增。這推動了 NAND 價格上漲，進而提升了閃迪的銷售和 毛利率。上個季度，其收入激增 251%，毛利率從 22.5% 上升至 78.4%。</p>
</div><p>Expand</p>
<div class="lb-trans"><p>展開</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>閃迪</p>
</div><p>Today's Change</p>
<div class="lb-trans"><p>今日變動</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>當前價格</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>關鍵數據點</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 市值僅計算已上市的流通股，不包括未上市、私有或雙重股權的非交易股份。隱含市值可能會有所不同。市值僅計算已上市的流通股，不包括未上市、私有或雙重股權的非交易股份。隱含市值可能會有所不同。</p>
</div><p>Day's Range</p>
<div class="lb-trans"><p>日內區間</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 周區間</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>閃存價格持續上漲，Wedbush 最近上調了該公司的 2024 財季展望，稱閃迪可能在原始預測中嚴重低估了行業價格上漲的影響。該股票的前瞻市盈率不到 7.5 倍，但由於 NAND 市場歷史上週期性的特性，其倍數仍然較低。然而，它已開始鎖定一些價值 420 億美元的長期合同，以嘗試減少其週期性，如果 NAND 週期持續，這仍可能使該股票成為一個便宜的選擇。</p>
</div><h2>Micron Technology: Riding the DRAM supercycle</h2>
<div class="lb-trans"><h2>美光科技：乘風破浪的 DRAM 超級週期</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>內存製造商 <strong>美光科技</strong>( MU 1.05%) 在過去一年中表現出色，股價上漲約 721%。美光約 75% 的收入來自動態隨機存取內存（DRAM），25% 來自 NAND。與閃迪類似，該公司也因內存價格上漲而獲得了巨大的推動，這反過來又推動了收入增長並擴大了毛利率。</p>
</div><p>Expand</p>
<div class="lb-trans"><p>展開</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>今日變動</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>當前價格</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>關鍵數據點</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 市值僅計算已上市的流通股，不包括未上市、私有或雙重股權的非交易股份。隱含市值可能會有所不同。市值僅計算已上市的流通股，不包括未上市、私有或雙重股權的非交易股份。隱含市值可能會有所不同。</p>
</div><p>Day's Range</p>
<div class="lb-trans"><p>日內區間</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 周區間</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 市場受益於對高帶寬內存（HBM）的激增需求，這種內存用於優化 GPU 和其他人工智能芯片的性能。隨着 推理 的興起，這種動態變得更加明顯，因為推理通常比計算受限更依賴內存。供應短缺幫助公司首次鎖定長期合同，目前覆蓋其收入的 40%，這應該有助於減少其業務的週期性。該股票的前瞻市盈率低於 6.5 倍的 2027 財年預期，如果 DRAM 超級週期繼續保持活力，便是一個便宜的選擇。</p>
</div><h2>AMD: Riding the inference and agentic AI waves</h2>
<div class="lb-trans"><h2>AMD：乘風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>作為 Nvidia 的直接競爭對手，<strong>超威半導體</strong>( AMD +2.13%) 的表現明顯優於其競爭對手，過去一年股價上漲約 302%。公司的股票表現受到其在推理和自主人工智能市場中的地位推動。</p>
</div><p>Expand</p>
<div class="lb-trans"><p>展開</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>超威半導體</p>
</div><p>Today's Change</p>
<div class="lb-trans"><p>今日變動</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>當前價格</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>關鍵數據點</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 市值僅計算已上市的流通股，不包括未上市、私有或雙重股權的非交易股份。隱含市值可能會有所不同。市值僅計算已上市的流通股，不包括未上市、私有或雙重股權的非交易股份。隱含市值可能會有所不同。</p>
</div><p>Day's Range</p>
<div class="lb-trans"><p>日內區間</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 周區間</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>雖然英偉達憑藉其強大的 CUDA 軟件 壁壘在人工智能訓練市場佔據主導地位，但 AMD 在快速增長的推理市場中則處於更有利的位置。其芯片設計允許將更多內存打包到 GPU 中，使其非常適合推理，並且與 OpenAI 和 <strong>Meta Platforms</strong> 簽署了價值 1000 億美元的 GPU 合作協議。人們還相信 Anthropic 將使用其最新的芯片。</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，作為數據中心中央處理器（CPU）的領導者，該公司準備在自主 AI 浪潮中乘風破浪。AI 數據中心將需要更多的 CPU 來管理 AI 代理，AMD 預測這一市場在未來幾年將增長到 1200 億美元。這是一個巨大的機會，公司已經在專門為自主 AI 設計高性能 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>考慮到在推理和自主 AI 方面的機會，AMD 看起來有更大的發展空間。</p>
</div>

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

- 英偉達最近股票漲幅僅為 26%，市值已達約 5 萬億美元。  
- 三隻 AI 股票表現遠超英偉達，分別為 Sandisk、Micron 和 AMD。  
- Sandisk 和 Micron 受益於內存需求激增，AMD 在推理市場中佔據優勢。

過去一年中，有 3 只股票的漲幅超過 300%，表現優於英偉達