AMD To Benefit From AI 'Competitive Arms Race': Goldman Sachs
AMD To Benefit From AI 'Competitive Arms Race': Goldman Sachs
Analysts from Goldman Sachs highlighted sustained growth in AI infrastructure spending across industries as a key factor in the firm's Buy rating on Advanced Micro Devices, Inc. (NASDAQ:AMD) in a note released Monday.
高盛分析师强调，人工智能基础设施在各行业持续增长，是该公司对美国超微公司（纳斯达克:AMD）买入评级的关键因素。分析师在周一发布的一份报告中指出。
The Details: Goldman Sachs analyst Toshiya Hari maintained a Buy rating and $175 price target on AMD shares and pointed to increased capital spending from large enterprises as they engage in an "AI arms race."
详情：高盛分析师Toshiya Hari保持对AMD股票的买入评级和175美元的目标价，并指出大型企业的资本支出增加，因为它们参与了"人工智能竞赛"。
He noted AMD also raised its long-term AI accelerator market forecast to $500 billion by 2028, up from its prior forecast of $400 billion by 2027.
他指出，AMD还将其长期人工智能加速器市场预测提高到2028年的5000亿美元，而不是之前的2027年预测的4000亿美元。
AMD Pipeline: The analyst said AMD's product pipeline shows promise with upcoming GPUs that are competitive with Nvidia's offerings. During AMD's Advancing AI event, CEO Lisa Su said the MI325X product is on par with Nvidia's H200 in Training and 1.4 times more performant in Infercing.
AMD产品线：分析师表示，AMD的产品线未来可期，即将推出的GPU与英伟达的产品竞争力相当。在AMD的"AI前沿"活动中，CEO苏姿娟表示，MI325X产品在培训方面不逊于英伟达的H200，在推理方面性能提升了1.4倍。
Hari also expects investors to closely monitor the acquisition of ZT Systems as AMD has said the integration will allow the company to offer system-level solutions on an accelerated timeline. The deal is expected to close in the first half of 2025.
Hari也预计投资者将密切关注对Zt Systems的收购，因为AMD表示此次整合将使公司能够在加速时间表上提供系统级解决方案。该交易预计将于2025年上半年完成。
Server CPUs: Following a downturn in the server market, demand for traditional Server CPUs is rebounding. While growth may be slower compared to GPUs, Goldman Sachs sees AMD as poised to benefit from the cyclical recovery.
服务器cpu芯片：在服务器市场下滑后，传统服务器cpu的需求正在反弹。尽管增长速度可能较GPU慢，但高盛认为AMD有望受益于周期性复苏。
Hari also expects AMD to continue to gain market share in the Server CPU market, driven in part by its SKU's that specifically target the Enterprise market.
Hari也预计AMD将继续在服务器cpu市场中获得市场份额，部分原因是其特别针对企业市场的SKU。
"Not only will this drive revenue outgrowth at AMD, but also an improvement in gross margin as Enterprise deals tend to be margin-accretive vis-a-vis those with Tier-1 hyperscale customers," the analyst wrote.
"这不仅将推动AMD营业收入的增长，还将促进毛利率的改善，因为企业交易往往是对较一级超大规模客户而言具有边际增益的。"分析师写道。
AMD Q3: AMD is set to release its third-quarter financial results on Oct. 29 after the closing bell. According to data from Benzinga Pro, analysts expect the company to report earnings of 92 cents per share and quarterly revenue of $6.708 billion.
美国超微公司第三季度: 美国超微公司计划于10月29日收盘后公布其第三季度财务业绩。根据Benzinga Pro的数据，分析师预计该公司将报告每股92美分的收益和季度营业收入67.08亿美元。
Price Action: According to Benzinga Pro, Advanced Micro Devices shares are up 0.4% at $156.59 at the time of publication Monday.
股价走势: 根据Benzinga Pro的数据，美国超微公司股价在周一发布时上涨了0.4%，报156.59美元。
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