[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"content-doc-dcioab8c7031":3},{"user":4,"document":8,"mainDocument":27,"columnUrl":29,"subscription":30,"footer":42,"text":80},{"isAuthenticated":5,"isAdmin":5,"displayName":6,"avatarUrl":6,"nid":6,"groupLevel":7},false,"",-10,{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":21,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":23,"videoId":6,"liveVideoUrl":6,"useContentVideo":5,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},"dcioab8c7031","Wedbush上调AMD(AMD)目标价至600美元：AI大会释放“端到端”野心，2027年利润预测猛增20%","\u002Fdoc\u002Fdcioab8c7031","col18178739ee","美股资讯","\u002Fcol\u002Fcol18178739ee","\u003Cp>\r\n\u003Ch1>\u003Cspan style=\"font-size: large;\">Wedbush\u003Cspan style=\"font-family: 'MS Gothic';\">上调\u003C\u002Fspan>AMD(AMD)\u003Cspan style=\"font-family: 'MS Gothic';\">目标价至\u003C\u002Fspan>600\u003Cspan style=\"font-family: 'MS Gothic';\">美元：\u003C\u002Fspan>AI\u003Cspan style=\"font-family: 'MS Gothic';\">大会释放\u003C\u002Fspan>“\u003Cspan style=\"font-family: 'MS Gothic';\">端到端\u003C\u002Fspan>”\u003Cspan style=\"font-family: 'MS Gothic';\">野心，\u003C\u002Fspan>2027\u003Cspan style=\"font-family: 'MS Gothic';\">年盈利预测猛增\u003C\u002Fspan>20%\u003C\u002Fspan>\u003C\u002Fh1>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">\u003Cspan style=\"font-family: 'MS Mincho';\">美股投资网获悉，在\u003C\u002Fspan>AMD\u003Cspan style=\"font-family: 'MS Mincho';\">于旧金山成功举办\u003C\u002Fspan>“Advancing AI 2026”\u003Cspan style=\"font-family: 'MS Mincho';\">大会后，华尔街券商\u003C\u002Fspan>Wedbush Securities\u003Cspan style=\"font-family: 'MS Mincho';\">周一发布重磅研报，将\u003C\u002Fspan>AMD(AMD)\u003Cspan style=\"font-family: 'MS Mincho';\">目标价从\u003C\u002Fspan>450\u003Cspan style=\"font-family: 'MS Mincho';\">美元大幅上调至\u003C\u002Fspan>600\u003Cspan style=\"font-family: 'MS Mincho';\">美元，维持\u003C\u002Fspan>“\u003Cspan style=\"font-family: 'MS Mincho';\">跑赢大盘\u003C\u002Fspan>”\u003Cspan style=\"font-family: 'MS Mincho';\">评级。更引人注目的是，\u003C\u002Fspan>Wedbush\u003Cspan style=\"font-family: 'MS Mincho';\">同步大幅上修了\u003C\u002Fspan>AMD 2026\u003Cspan style=\"font-family: 'MS Mincho';\">及\u003C\u002Fspan>2027\u003Cspan style=\"font-family: 'MS Mincho';\">年的业绩预期\u003C\u002Fspan>——2027\u003Cspan style=\"font-family: 'MS Mincho';\">年营收预测从\u003C\u002Fspan>779\u003Cspan style=\"font-family: 'MS Mincho';\">亿美元直接跳升至\u003C\u002Fspan>812\u003Cspan style=\"font-family: 'MS Mincho';\">亿美元，每股收益从\u003C\u002Fspan>12.33\u003Cspan style=\"font-family: 'MS Mincho';\">美元上调至\u003C\u002Fspan>14.74\u003Cspan style=\"font-family: 'MS Mincho';\">美元。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">Wedbush\u003Cspan style=\"font-family: 'MS Mincho';\">分析师\u003C\u002Fspan>Matt Bryson\u003Cspan style=\"font-family: 'MS Mincho';\">在报告中指出，\u003C\u002Fspan>AMD\u003Cspan style=\"font-family: 'MS Mincho';\">已成功将自己重新定位为\u003C\u002Fspan> “\u003Cspan style=\"font-family: 'MS Mincho';\">涵盖\u003C\u002Fspan>GPU\u003Cspan style=\"font-family: 'MS Mincho';\">、\u003C\u002Fspan>CPU\u003Cspan style=\"font-family: 'MS Mincho';\">、网络、软件以及日益增长的客户端和物理\u003C\u002Fspan>AI\u003Cspan style=\"font-family: 'MS Mincho';\">的端到端计算业务\u003C\u002Fspan>” \u003Cspan style=\"font-family: 'MS Mincho';\">，并在大会上展示了\u003C\u002Fspan> “\u003Cspan style=\"font-family: 'MS Mincho';\">异常强大的前沿实验室和企业合作伙伴阵容\u003C\u002Fspan>” \u003Cspan style=\"font-family: 'MS Mincho';\">。这一战略转型的核心，是\u003C\u002Fspan>AMD\u003Cspan style=\"font-family: 'MS Mincho';\">正在从单一的芯片供应商，向能够与英伟达\u003C\u002Fspan>(NVDA)\u003Cspan style=\"font-family: 'MS Mincho';\">在系统层面正面竞争的\u003C\u002Fspan>AI\u003Cspan style=\"font-family: 'MS Mincho';\">基础设施提供商演进。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">\u003Cspan style=\"font-family: 'MS Mincho';\">调高目标价背后的信心\u003C\u002Fspan>2027\u003Cspan style=\"font-family: 'MS Mincho';\">年\u003C\u002Fspan>EPS\u003Cspan style=\"font-family: 'MS Mincho';\">预期猛增\u003C\u002Fspan>20%\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">Wedbush\u003Cspan style=\"font-family: 'MS Mincho';\">此次上调的幅度和范围均超出市场预期。具体来看\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">2026\u003Cspan style=\"font-family: 'MS Mincho';\">年\u003C\u002Fspan>Q2\u003Cspan style=\"font-family: 'MS Mincho';\">预期每股收益从\u003C\u002Fspan>1.61\u003Cspan style=\"font-family: 'MS Mincho';\">美元上调至\u003C\u002Fspan>1.64\u003Cspan style=\"font-family: 'MS Mincho';\">美元，营收从\u003C\u002Fspan>113\u003Cspan style=\"font-family: 'MS Mincho';\">亿美元上调至\u003C\u002Fspan>114\u003Cspan style=\"font-family: 'MS Mincho';\">亿美元\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">2026\u003Cspan style=\"font-family: 'MS Mincho';\">年全年每股收益从\u003C\u002Fspan>6.95\u003Cspan style=\"font-family: 'MS Mincho';\">美元上调至\u003C\u002Fspan>7.22\u003Cspan style=\"font-family: 'MS Mincho';\">美元，营收从\u003C\u002Fspan>472\u003Cspan style=\"font-family: 'MS Mincho';\">亿美元上调至\u003C\u002Fspan>492\u003Cspan style=\"font-family: 'MS Mincho';\">亿美元\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">2027\u003Cspan style=\"font-family: 'MS Mincho';\">年全年每股收益从\u003C\u002Fspan>12.33\u003Cspan style=\"font-family: 'MS Mincho';\">美元大幅上调至\u003C\u002Fspan>14.74\u003Cspan style=\"font-family: 'MS Mincho';\">美元\u003C\u002Fspan>(+19.5%) \u003Cspan style=\"font-family: 'MS Mincho';\">，营收从\u003C\u002Fspan>779\u003Cspan style=\"font-family: 'MS Mincho';\">亿美元上调至\u003C\u002Fspan>812\u003Cspan style=\"font-family: 'MS Mincho';\">亿美元\u003C\u002Fspan>(+4.2%)\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">Bryson\u003Cspan style=\"font-family: 'MS Mincho';\">明确表示，与微软\u003C\u002Fspan>(MSFT)\u003Cspan style=\"font-family: 'MS Mincho';\">和\u003C\u002Fspan>Anthropic\u003Cspan style=\"font-family: 'MS Mincho';\">新近宣布的合作协议，让\u003C\u002Fspan>Wedbush\u003Cspan style=\"font-family: 'MS Mincho';\">对\u003C\u002Fspan>AMD\u003Cspan style=\"font-family: 'MS Mincho';\">数据中心\u003C\u002Fspan>AI\u003Cspan style=\"font-family: 'MS Mincho';\">芯片\u003C\u002Fspan>\u002F\u003Cspan style=\"font-family: 'MS Mincho';\">系统收入在\u003C\u002Fspan>2026\u003Cspan style=\"font-family: 'MS Mincho';\">年下半年及\u003C\u002Fspan>2027\u003Cspan style=\"font-family: 'MS Mincho';\">年大幅增长\u003C\u002Fspan>“\u003Cspan style=\"font-family: 'MS Mincho';\">有了显著更强的信心\u003C\u002Fspan>” \u003Cspan style=\"font-family: 'MS Mincho';\">。此外，与服务器厂商和供应链参与者的沟通表明，\u003C\u002Fspan>AMD\u003Cspan style=\"font-family: 'MS Mincho';\">正在更好地应对供应链挑战，以满足客户对数据中心计算日益增长的需求。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">Advancing AI 2026\u003Cspan style=\"font-family: 'MS Mincho';\">从芯片到系统的\u003C\u002Fspan>“\u003Cspan style=\"font-family: 'MS Mincho';\">全栈革命\u003C\u002Fspan>”\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">7\u003Cspan style=\"font-family: 'MS Mincho';\">月\u003C\u002Fspan>23\u003Cspan style=\"font-family: 'MS Mincho';\">日至\u003C\u002Fspan>24\u003Cspan style=\"font-family: 'MS Mincho';\">日，\u003C\u002Fspan>AMD\u003Cspan style=\"font-family: 'MS Mincho';\">在旧金山举办的\u003C\u002Fspan>Advancing AI 2026\u003Cspan style=\"font-family: 'MS Mincho';\">大会，成为此次评级上调的直接催化剂。\u003C\u002Fspan>AMD CEO\u003Cspan style=\"font-family: 'MS Mincho';\">苏姿丰在大会上发布了七大全栈\u003C\u002Fspan>AI\u003Cspan style=\"font-family: 'MS Mincho';\">新品矩阵，涵盖硬件、网络与软件三大层面。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">\u003Cspan style=\"font-family: 'MS Mincho';\">从芯片到机柜级的跨越。\u003C\u002Fspan>Helios\u003Cspan style=\"font-family: 'MS Mincho';\">机架级\u003C\u002Fspan>AI\u003Cspan style=\"font-family: 'MS Mincho';\">平台是整场发布的核心，单机架最高可部署\u003C\u002Fspan>72\u003Cspan style=\"font-family: 'MS Mincho';\">颗\u003C\u002Fspan>Instinct MI455X AI\u003Cspan style=\"font-family: 'MS Mincho';\">加速器，搭配\u003C\u002Fspan>18\u003Cspan style=\"font-family: 'MS Mincho';\">颗基于\u003C\u002Fspan>Zen6\u003Cspan style=\"font-family: 'MS Mincho';\">架构的\u003C\u002Fspan>Venice EPYC CPU\u003Cspan style=\"font-family: 'MS Mincho';\">，整机\u003C\u002Fspan>FP4\u003Cspan style=\"font-family: 'MS Mincho';\">峰值算力达\u003C\u002Fspan>2.9 ExaFLOPS\u003Cspan style=\"font-family: 'MS Mincho';\">，搭载\u003C\u002Fspan>31TB HBM4\u003Cspan style=\"font-family: 'MS Mincho';\">统一显存池。\u003C\u002Fspan>AMD\u003Cspan style=\"font-family: 'MS Mincho';\">声称，相比英伟达\u003C\u002Fspan>Vera Rubin NVL72\u003Cspan style=\"font-family: 'MS Mincho';\">解决方案，\u003C\u002Fspan>Helios\u003Cspan style=\"font-family: 'MS Mincho';\">的\u003C\u002Fspan>AI\u003Cspan style=\"font-family: 'MS Mincho';\">算力高出\u003C\u002Fspan>15%\u003Cspan style=\"font-family: 'MS Mincho';\">，\u003C\u002Fspan>HBM\u003Cspan style=\"font-family: 'MS Mincho';\">容量高出\u003C\u002Fspan>50%\u003Cspan style=\"font-family: 'MS Mincho';\">，横向扩展带宽高出\u003C\u002Fspan>50%\u003Cspan style=\"font-family: 'MS Mincho';\">，每美元可多产生最多\u003C\u002Fspan>30%\u003Cspan style=\"font-family: 'MS Mincho';\">的\u003C\u002Fspan>Token\u003Cspan style=\"font-family: 'MS Mincho';\">。苏姿丰明确表示，\u003C\u002Fspan>Helios\u003Cspan style=\"font-family: 'MS Mincho';\">的首批出货将于\u003C\u002Fspan>2026\u003Cspan style=\"font-family: 'MS Mincho';\">年\u003C\u002Fspan>9\u003Cspan style=\"font-family: 'MS Mincho';\">月启动，随后在第四季度及\u003C\u002Fspan>2027\u003Cspan style=\"font-family: 'MS Mincho';\">年上半年持续放量。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">Agentic AI\u003Cspan style=\"font-family: 'MS Mincho';\">驱动的\u003C\u002Fspan>CPU\u003Cspan style=\"font-family: 'MS Mincho';\">需求爆发。\u003C\u002Fspan> AMD\u003Cspan style=\"font-family: 'MS Mincho';\">高管指出，随着\u003C\u002Fspan>AI\u003Cspan style=\"font-family: 'MS Mincho';\">从模型训练走向\u003C\u002Fspan>AI\u003Cspan style=\"font-family: 'MS Mincho';\">代理\u003C\u002Fspan>(Agentic AI) \u003Cspan style=\"font-family: 'MS Mincho';\">的大规模部署，\u003C\u002Fspan>CPU\u003Cspan style=\"font-family: 'MS Mincho';\">的角色正在被重新定义。\u003C\u002Fspan>AI\u003Cspan style=\"font-family: 'MS Mincho';\">代理需要大量通用计算能力来完成推理、调度和协调任务\u003C\u002Fspan>——\u003Cspan style=\"font-family: 'MS Mincho';\">这正是\u003C\u002Fspan>x86 CPU\u003Cspan style=\"font-family: 'MS Mincho';\">的强项。苏姿丰预计，在某些场景下\u003C\u002Fspan>CPU\u003Cspan style=\"font-family: 'MS Mincho';\">与\u003C\u002Fspan>GPU\u003Cspan style=\"font-family: 'MS Mincho';\">的配比可能从目前的\u003C\u002Fspan>1:4\u003Cspan style=\"font-family: 'MS Mincho';\">演变为\u003C\u002Fspan>2:1——\u003Cspan style=\"font-family: 'MS Mincho';\">即每颗\u003C\u002Fspan>GPU\u003Cspan style=\"font-family: 'MS Mincho';\">需要配备两颗\u003C\u002Fspan>CPU\u003Cspan style=\"font-family: 'MS Mincho';\">。\u003C\u002Fspan>AMD\u003Cspan style=\"font-family: 'MS Mincho';\">重申了在服务器\u003C\u002Fspan>CPU\u003Cspan style=\"font-family: 'MS Mincho';\">市场拿下超过\u003C\u002Fspan>50%\u003Cspan style=\"font-family: 'MS Mincho';\">份额的目标。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">\u003Cspan style=\"font-family: 'MS Mincho';\">苏姿丰在演讲中给出了最新产业预判预计\u003C\u002Fspan>2030\u003Cspan style=\"font-family: 'MS Mincho';\">年全球整体\u003C\u002Fspan>AI\u003Cspan style=\"font-family: 'MS Mincho';\">计算市场规模将突破\u003C\u002Fspan>2\u003Cspan style=\"font-family: 'MS Mincho';\">万亿美元，其中\u003C\u002Fspan>AI\u003Cspan style=\"font-family: 'MS Mincho';\">加速器市场达\u003C\u002Fspan>1.4\u003Cspan style=\"font-family: 'MS Mincho';\">万亿美元、数据中心\u003C\u002Fspan>CPU\u003Cspan style=\"font-family: 'MS Mincho';\">市场达\u003C\u002Fspan>2200\u003Cspan style=\"font-family: 'MS Mincho';\">亿美元。她强调，\u003C\u002Fspan>AI\u003Cspan style=\"font-family: 'MS Mincho';\">产业已从单一\u003C\u002Fspan>GPU\u003Cspan style=\"font-family: 'MS Mincho';\">算力驱动，转向\u003C\u002Fspan> “CPU+GPU+DPU+FPGA+\u003Cspan style=\"font-family: 'MS Mincho';\">软件生态的全栈协同算力时代\u003C\u002Fspan>” \u003Cspan style=\"font-family: 'MS Mincho';\">。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">\u003Cspan style=\"font-family: 'MS Mincho';\">软件生态的\u003C\u002Fspan>“\u003Cspan style=\"font-family: 'MS Mincho';\">最大飞跃\u003C\u002Fspan>”\u003Cspan style=\"font-family: 'MS Mincho';\">。\u003C\u002Fspan> AMD\u003Cspan style=\"font-family: 'MS Mincho';\">发布了\u003C\u002Fspan>ROCm.ai\u003Cspan style=\"font-family: 'MS Mincho';\">全域\u003C\u002Fspan>AI\u003Cspan style=\"font-family: 'MS Mincho';\">软件平台\u003C\u002Fspan>——\u003Cspan style=\"font-family: 'MS Mincho';\">被高管称为\u003C\u002Fspan>“\u003Cspan style=\"font-family: 'MS Mincho';\">自战略早期以来最大的软件飞跃\u003C\u002Fspan>”\u003Cspan style=\"font-family: 'MS Mincho';\">。通过与\u003C\u002Fspan>OpenAI\u003Cspan style=\"font-family: 'MS Mincho';\">在\u003C\u002Fspan>Codex\u003Cspan style=\"font-family: 'MS Mincho';\">、\u003C\u002Fspan>Anthropic\u003Cspan style=\"font-family: 'MS Mincho';\">在\u003C\u002Fspan>Claude\u003Cspan style=\"font-family: 'MS Mincho';\">上的合作，开发者对\u003C\u002Fspan>AMD\u003Cspan style=\"font-family: 'MS Mincho';\">平台的访问将在未来数月内显著改善。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">\u003Cspan style=\"font-family: 'MS Mincho';\">客户矩阵微软、\u003C\u002Fspan>Anthropic\u003Cspan style=\"font-family: 'MS Mincho';\">、\u003C\u002Fspan>Meta\u003Cspan style=\"font-family: 'MS Mincho';\">、\u003C\u002Fspan>OpenAI\u003Cspan style=\"font-family: 'MS Mincho';\">集体站台\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">AMD\u003Cspan style=\"font-family: 'MS Mincho';\">客户阵容堪称豪华，苏姿丰亲自确认，\u003C\u002Fspan>Anthropic\u003Cspan style=\"font-family: 'MS Mincho';\">、\u003C\u002Fspan>OpenAI\u003Cspan style=\"font-family: 'MS Mincho';\">和\u003C\u002Fspan>Meta\u003Cspan style=\"font-family: 'MS Mincho';\">已确定部署\u003C\u002Fspan>Helios\u003Cspan style=\"font-family: 'MS Mincho';\">系统。与\u003C\u002Fspan>Anthropic\u003Cspan style=\"font-family: 'MS Mincho';\">的合作尤为关键\u003C\u002Fspan>——AMD\u003Cspan style=\"font-family: 'MS Mincho';\">将在\u003C\u002Fspan>2027\u003Cspan style=\"font-family: 'MS Mincho';\">年上半年开始交付首个\u003C\u002Fspan>1\u003Cspan style=\"font-family: 'MS Mincho';\">吉瓦的\u003C\u002Fspan>MI450\u003Cspan style=\"font-family: 'MS Mincho';\">加速器算力。加上此前宣布的微软\u003C\u002Fspan>Azure\u003Cspan style=\"font-family: 'MS Mincho';\">部署，\u003C\u002Fspan>AMD\u003Cspan style=\"font-family: 'MS Mincho';\">已承诺部署的\u003C\u002Fspan>AI\u003Cspan style=\"font-family: 'MS Mincho';\">加速器总规模提升至\u003C\u002Fspan>14\u003Cspan style=\"font-family: 'MS Mincho';\">吉瓦。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">Anthropic7\u003Cspan style=\"font-family: 'MS Mincho';\">月\u003C\u002Fspan>22\u003Cspan style=\"font-family: 'MS Mincho';\">日宣布战略合作，\u003C\u002Fspan>Anthropic\u003Cspan style=\"font-family: 'MS Mincho';\">将在\u003C\u002Fspan>AMD Helios\u003Cspan style=\"font-family: 'MS Mincho';\">机架级解决方案中部署至多\u003C\u002Fspan>2\u003Cspan style=\"font-family: 'MS Mincho';\">吉瓦的\u003C\u002Fspan>AMD MI450\u003Cspan style=\"font-family: 'MS Mincho';\">系列\u003C\u002Fspan>GPU\u003Cspan style=\"font-family: 'MS Mincho';\">，首个吉瓦部署将于\u003C\u002Fspan>2027\u003Cspan style=\"font-family: 'MS Mincho';\">年上半年开始。\u003C\u002Fspan>AMD\u003Cspan style=\"font-family: 'MS Mincho';\">同时承诺向\u003C\u002Fspan>Anthropic\u003Cspan style=\"font-family: 'MS Mincho';\">进行至多\u003C\u002Fspan>50\u003Cspan style=\"font-family: 'MS Mincho';\">亿美元的战略股权投资。\u003C\u002Fspan>AMD\u003Cspan style=\"font-family: 'MS Mincho';\">将使用\u003C\u002Fspan>Anthropic\u003Cspan style=\"font-family: 'MS Mincho';\">的\u003C\u002Fspan>Claude\u003Cspan style=\"font-family: 'MS Mincho';\">模型优化\u003C\u002Fspan>Instinct GPU\u003Cspan style=\"font-family: 'MS Mincho';\">工作负载并加速\u003C\u002Fspan>ROCm\u003Cspan style=\"font-family: 'MS Mincho';\">开发。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">\u003Cspan style=\"font-family: 'MS Mincho';\">微软\u003C\u002Fspan>Azure\u003Cspan style=\"font-family: 'MS Mincho';\">数据中心将部署\u003C\u002Fspan>AMD Helios\u003Cspan style=\"font-family: 'MS Mincho';\">机架级系统，\u003C\u002Fspan>Helios\u003Cspan style=\"font-family: 'MS Mincho';\">预计于\u003C\u002Fspan>2026\u003Cspan style=\"font-family: 'MS Mincho';\">年下半年向客户发货。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">Meta\u003Cspan style=\"font-family: 'MS Mincho';\">、\u003C\u002Fspan>OpenAI\u003Cspan style=\"font-family: 'MS Mincho';\">、甲骨文均已确认计划部署\u003C\u002Fspan>Helios\u003Cspan style=\"font-family: 'MS Mincho';\">系统。苏姿丰透露，\u003C\u002Fspan>Helios\u003Cspan style=\"font-family: 'MS Mincho';\">并非由\u003C\u002Fspan>AMD\u003Cspan style=\"font-family: 'MS Mincho';\">独立完成后再交给客户，而是与\u003C\u002Fspan>OpenAI\u003Cspan style=\"font-family: 'MS Mincho';\">、\u003C\u002Fspan>Meta\u003Cspan style=\"font-family: 'MS Mincho';\">、\u003C\u002Fspan>Anthropic\u003Cspan style=\"font-family: 'MS Mincho';\">等头部公司共同设计，从芯片、软件到数据中心和供应链，客户更早地进入产品定义过程。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-family: 'MS Mincho'; font-size: large;\">供应链受益者从服务器到存储的连锁反应\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">Wedbush\u003Cspan style=\"font-family: 'MS Mincho';\">指出，\u003C\u002Fspan>AMD\u003Cspan style=\"font-family: 'MS Mincho';\">在大会上的发布将对多家供应链合作伙伴产生积极影响\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">Cerebras(CBRS) \u003Cspan style=\"font-family: 'MS Mincho';\">其用于推理的晶圆级引擎将与\u003C\u002Fspan>AMD\u003Cspan style=\"font-family: 'MS Mincho';\">的\u003C\u002Fspan>Helios\u003Cspan style=\"font-family: 'MS Mincho';\">机架配合使用\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">\u003Cspan style=\"font-family: 'MS Mincho';\">超微电脑\u003C\u002Fspan>(SMCI)\u003Cspan style=\"font-family: 'MS Mincho';\">和戴尔\u003C\u002Fspan>(DELL) \u003Cspan style=\"font-family: 'MS Mincho';\">有望获得利润增长\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">\u003Cspan style=\"font-family: 'MS Mincho';\">内存供应商三星电子和美光\u003C\u002Fspan>(MU)\u003Cspan style=\"font-family: 'MS Mincho';\">作为\u003C\u002Fspan>AMD\u003Cspan style=\"font-family: 'MS Mincho';\">的主要内存供应商将持续受益\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">\u003Cspan style=\"font-family: 'MS Mincho';\">市场的\u003C\u002Fspan>“\u003Cspan style=\"font-family: 'MS Mincho';\">预期差\u003C\u002Fspan>”\u003Cspan style=\"font-family: 'MS Mincho';\">股价回落，华尔街看好\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">\u003Cspan style=\"font-family: 'MS Mincho';\">尽管\u003C\u002Fspan>Wedbush\u003Cspan style=\"font-family: 'MS Mincho';\">大幅上调目标价，\u003C\u002Fspan>AMD\u003Cspan style=\"font-family: 'MS Mincho';\">股价在\u003C\u002Fspan>7\u003Cspan style=\"font-family: 'MS Mincho';\">月\u003C\u002Fspan>27\u003Cspan style=\"font-family: 'MS Mincho';\">日却下跌超过\u003C\u002Fspan>5%\u003Cspan style=\"font-family: 'MS Mincho';\">，收于\u003C\u002Fspan>494.95\u003Cspan style=\"font-family: 'MS Mincho';\">美元附近。这一看似矛盾的市场反应，恰恰揭示了当前\u003C\u002Fspan>AI\u003Cspan style=\"font-family: 'MS Mincho';\">芯片股面临的估值困境\u003C\u002Fspan>——\u003Cspan style=\"font-family: 'MS Mincho';\">在经历了\u003C\u002Fspan>2026\u003Cspan style=\"font-family: 'MS Mincho';\">年上半年的大幅上涨后，市场对任何\u003C\u002Fspan>“\u003Cspan style=\"font-family: 'MS Mincho';\">符合预期\u003C\u002Fspan>”\u003Cspan style=\"font-family: 'MS Mincho';\">的利好消息都已充分定价，股价的进一步上行需要超预期业绩的持续验证。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">AMD\u003Cspan style=\"font-family: 'MS Mincho';\">正在从一个\u003C\u002Fspan>“\u003Cspan style=\"font-family: 'MS Mincho';\">追赶者\u003C\u002Fspan>”\u003Cspan style=\"font-family: 'MS Mincho';\">蜕变为\u003C\u002Fspan>“\u003Cspan style=\"font-family: 'MS Mincho';\">定义者\u003C\u002Fspan>”\u003Cspan style=\"font-family: 'MS Mincho';\">。\u003C\u002Fspan>Helios\u003Cspan style=\"font-family: 'MS Mincho';\">机架级系统的量产、\u003C\u002Fspan>Venice CPU\u003Cspan style=\"font-family: 'MS Mincho';\">的放量、\u003C\u002Fspan>MI400\u003Cspan style=\"font-family: 'MS Mincho';\">系列加速器的推进，以及\u003C\u002Fspan>ROCm.ai\u003Cspan style=\"font-family: 'MS Mincho';\">软件生态的完善，构成了完整的\u003C\u002Fspan>“\u003Cspan style=\"font-family: 'MS Mincho';\">端到端\u003C\u002Fspan>”AI\u003Cspan style=\"font-family: 'MS Mincho';\">算力拼图。更重要的是，\u003C\u002Fspan>Agentic AI\u003Cspan style=\"font-family: 'MS Mincho';\">带来的\u003C\u002Fspan>CPU\u003Cspan style=\"font-family: 'MS Mincho';\">需求重估正在从根本上改变游戏规则\u003C\u002Fspan>——\u003Cspan style=\"font-family: 'MS Mincho';\">当每颗\u003C\u002Fspan>GPU\u003Cspan style=\"font-family: 'MS Mincho';\">可能需要配备两颗\u003C\u002Fspan>CPU\u003Cspan style=\"font-family: 'MS Mincho';\">时，\u003C\u002Fspan>AMD\u003Cspan style=\"font-family: 'MS Mincho';\">在\u003C\u002Fspan>x86\u003Cspan style=\"font-family: 'MS Mincho';\">服务器\u003C\u002Fspan>CPU\u003Cspan style=\"font-family: 'MS Mincho';\">市场的领导地位将转化为前所未有的增长杠杆。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">Wedbush\u003Cspan style=\"font-family: 'MS Mincho';\">的\u003C\u002Fspan>600\u003Cspan style=\"font-family: 'MS Mincho';\">美元目标价意味着较周一收盘价仍有约\u003C\u002Fspan>21%\u003Cspan style=\"font-family: 'MS Mincho';\">的上行空间。\u003C\u002Fspan>AMD\u003Cspan style=\"font-family: 'MS Mincho';\">计划于\u003C\u002Fspan>8\u003Cspan style=\"font-family: 'MS Mincho';\">月\u003C\u002Fspan>4\u003Cspan style=\"font-family: 'MS Mincho';\">日公布\u003C\u002Fspan>2026\u003Cspan style=\"font-family: 'MS Mincho';\">年第二季度财报。届时，市场将获得检验其\u003C\u002Fspan>AI\u003Cspan style=\"font-family: 'MS Mincho';\">业务增长动能的最新数据\u003C\u002Fspan>——\u003Cspan style=\"font-family: 'MS Mincho';\">而\u003C\u002Fspan>Wedbush\u003Cspan style=\"font-family: 'MS Mincho';\">上调后的预期，将成为投资者衡量这份财报成色的重要标尺。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">\u003Cspan style=\"font-family: 'MS Mincho';\">华尔街集体跟进\u003C\u002Fspan>AMD\u003Cspan style=\"font-family: 'MS Mincho';\">已成\u003C\u002Fspan>“\u003Cspan style=\"font-family: 'MS Mincho';\">必选项\u003C\u002Fspan>”\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">Wedbush\u003Cspan style=\"font-family: 'MS Mincho';\">并非唯一上调\u003C\u002Fspan>AMD\u003Cspan style=\"font-family: 'MS Mincho';\">目标价的机构。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">Futurum Equities\u003Cspan style=\"font-family: 'MS Mincho';\">给出了华尔街最高的\u003C\u002Fspan>800\u003Cspan style=\"font-family: 'MS Mincho';\">美元目标价，预计\u003C\u002Fspan>AMD\u003Cspan style=\"font-family: 'MS Mincho';\">明年\u003C\u002Fspan>GPU\u003Cspan style=\"font-family: 'MS Mincho';\">营收可达\u003C\u002Fspan>380\u003Cspan style=\"font-family: 'MS Mincho';\">亿美元。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">UBS\u003Cspan style=\"font-family: 'MS Mincho';\">将目标价从\u003C\u002Fspan>700\u003Cspan style=\"font-family: 'MS Mincho';\">美元上调至\u003C\u002Fspan>730\u003Cspan style=\"font-family: 'MS Mincho';\">美元，维持买入评级。分析师特别指出，\u003C\u002Fspan>AMD\u003Cspan style=\"font-family: 'MS Mincho';\">服务器\u003C\u002Fspan>CPU\u003Cspan style=\"font-family: 'MS Mincho';\">毛利率较公司整体毛利率高出约\u003C\u002Fspan>10\u003Cspan style=\"font-family: 'MS Mincho';\">个百分点\u003C\u002Fspan>——\u003Cspan style=\"font-family: 'MS Mincho';\">最高利润的产品线恰好也是增长最快的产品线。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">\u003Cspan style=\"font-family: 'MS Mincho';\">美国银行将目标价上调至\u003C\u002Fspan>620\u003Cspan style=\"font-family: 'MS Mincho';\">美元，认为\u003C\u002Fspan>AMD\u003Cspan style=\"font-family: 'MS Mincho';\">已\u003C\u002Fspan>“\u003Cspan style=\"font-family: 'MS Mincho';\">成功地从商用\u003C\u002Fspan>GPU\u003Cspan style=\"font-family: 'MS Mincho';\">供应商转型为全栈式、机柜级加速器系统供应商\u003C\u002Fspan>”\u003Cspan style=\"font-family: 'MS Mincho';\">。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">\u003Cspan style=\"font-family: 'MS Mincho';\">高盛重申买入评级，\u003C\u002Fspan>12\u003Cspan style=\"font-family: 'MS Mincho';\">个月目标价\u003C\u002Fspan>640\u003Cspan style=\"font-family: 'MS Mincho';\">美元。\u003C\u002Fspan>Jefferies\u003Cspan style=\"font-family: 'MS Mincho';\">维持买入评级，目标价\u003C\u002Fspan>640\u003Cspan style=\"font-family: 'MS Mincho';\">美元。\u003C\u002Fspan>Benchmark\u003Cspan style=\"font-family: 'MS Mincho';\">将目标价从\u003C\u002Fspan>485\u003Cspan style=\"font-family: 'MS Mincho';\">美元上调至\u003C\u002Fspan>685\u003Cspan style=\"font-family: 'MS Mincho';\">美元。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">\u003Cspan style=\"font-family: 'MS Mincho';\">根据\u003C\u002Fspan>S&P Global\u003Cspan style=\"font-family: 'MS Mincho';\">对\u003C\u002Fspan>51\u003Cspan style=\"font-family: 'MS Mincho';\">位分析师的调查，\u003C\u002Fspan>AMD\u003Cspan style=\"font-family: 'MS Mincho';\">共识评级为\u003C\u002Fspan>“\u003Cspan style=\"font-family: 'MS Mincho';\">强力买入\u003C\u002Fspan>”\u003Cspan style=\"font-family: 'MS Mincho';\">，平均目标价\u003C\u002Fspan>575.49\u003Cspan style=\"font-family: 'MS Mincho';\">美元。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003C\u002Fp>","https:\u002F\u002Fwww.tradesmax.com\u002Fimages\u002Fa_Stock\u002FA\u002FAMD\u002FAMD.jpg","2026-07-28T12:53:09","2026.07.28","2026\u002F07\u002F28",48057,[22],"AMD","Article",0,"免费","success",{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":28,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":23,"videoId":6,"liveVideoUrl":6,"useContentVideo":5,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},[22],"\u002Fcol\u002Fstocknews",{"visible":5,"marketingHtml":31,"services":32,"recentDocuments":41},"\u003Cfigure class=\"image\">\u003Ca href=\"https:\u002F\u002Fstockwe.com\u002Fdoc\u002Fdcio537efad5\" target=\"_blank\" rel=\"noopener noreferrer\">\u003Cimg style=\"display:block;margin-left:auto;margin-right:auto;\" src=\"\u002Fimg\u002Fstockwewebfiles\u002Fweb-202408-stk\u002F1586109431mceclip0.jpg\">\u003C\u002Fa>\u003C\u002Ffigure>\u003Cdiv class=\"text-center\">\u003Ch2 class=\"card-title mx-auto\">\u003Cbr>\u003Ca target=\"_blank\" rel=\"noopener noreferrer\" 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buy@TradesMax.com 美国电话 626-378-3637","公司介绍","\u003Cp class=\"MsoNormal\">美股大数据 \u003Ca href=\"https:\u002F\u002Fstockwe.com\" target=\"_blank\" rel=\"noopener\">StockWe.com\u003C\u002Fa> 是一个美国领先的金融和美股信息大数据提供商，紧盯华尔街金融市场和行情，2008年成立于美国硅谷，创始人是前纽约证券交易所资深分析师Ken，联合多位摩根斯坦利分析师，谷歌 Meta工程师利用AI和大数据，配合十多年美股实战经验和业内量化交易模型，每天处理海量股票数据：挖掘潜力大牛股，捕捉期权异动大单，实时主力资金流向、机构持仓变化、川普突发新闻，美股买卖信号第一时间发到您手机APP。\u003C\u002Fp>","专业美股投资者都在这里",{"loading":81,"search":82,"searchPlaceholder":82,"hotContent":83,"draft":84,"noData":85,"searchNoData":86,"edit":87,"editVideo":88,"courseContent":89,"more":90,"buyNow":91,"subscribeNow":92,"encoding":93,"paidContent":94},"Loading...","搜索","热门内容","草稿","目前没有任何内容公布","当前检索内容没有数据","编辑","编辑视频","课程内容","更多","立即购买后观看","- 立即订阅 -","视频编码中...","付费内容"]