The Xbox Ally, as a device, it's meant to bridge gaming and mobility for when you need to play on the go. Gaming handheld itself is a different category in terms of performance and power to any other device in the market. With the overall ROG Ally series, we focus on the moniker “Play All Your Games” because we truly believe that a consumer has a wide array of games that they'd be interested in playing.And so with Xbox Ally, we use the power of Windows to help establish a foundation that lets you play every ...

Advanced Micro Devices shares rose on Wednesday. While it is not immediately clear what could be driving the stock today, investors could be drawing optimism from fresh data showing the chipmaker expa... ...

Depending on when the inquiry is asked and to whom, Advanced Micro Devices Inc (NASDAQ:AMD) is either a critical player in artificial intelligence — and thus deserves a strong valuation premium — or is an overplayed enterprise that has long overstayed its welcome. Both sides offer compelling arguments, which makes deciphering the forward trajectory of AMD stock one of the most contentious practices on Wall Street.For the upwardly ambitious, investors have plenty of reason to keep the faith in the semiconduc ...

Group 1: Market Performance - Major U.S. index futures are showing positive trends, with Dow futures up 0.18%, S&P 500 futures up 0.21%, and Nasdaq futures up 0.26% [1] - Chinese concept stocks are mixed, with Alibaba up 1.07%, Pinduoduo up 1.05%, and JD.com up 1.16%, while Xpeng Motors is down 2.26% and Bilibili is down 1.81% [1] Group 2: Company Earnings and Projections - Dell reported Q3 revenue of $27.005 billion, an 11% year-over-year increase, and attributed this growth to a surge in AI server orders, with $12.3 billion in orders received and $5.6 billion shipped [1] - Dell raised its annual AI server shipment forecast from $20 billion to $25 billion, projecting over 150% year-over-year growth, driven by strong demand for AI products [1] - Li Auto's Q3 revenue was 27.4 billion yuan, a 36.2% year-over-year decline, with a net loss of 624.4 million yuan compared to a profit of 2.8 billion yuan in the same period last year [5] - Li Auto's Q4 revenue guidance is between 26.5 billion yuan and 29.2 billion yuan, below market expectations of 37.25 billion yuan [5] Group 3: Industry Developments - Uber announced the launch of a fully autonomous Robotaxi service in Abu Dhabi, expanding its partnership with WeRide, although some routes will still have safety drivers [2] - Nvidia's market share is projected to decline from 85% to 75% by 2030, despite the company remaining a leader in the AI data center market, which is expected to grow to approximately $1.2 trillion [3] - Rapidus, a Japanese chip manufacturer, plans to build a 1.4nm wafer fab by FY2027, aiming to close the gap with TSMC [4] - Elon Musk announced that Tesla's Robotaxi fleet in Austin will double next month, although specific operational numbers have not been disclosed [4] Group 4: Fundraising and IPOs - Hedge fund manager Bill Ackman is planning to raise $5 billion for a new closed-end fund, with $2 billion coming from institutional investors, coinciding with an IPO of his company, Pershing Square Capital Management [5]

Core Insights - Advanced Micro Devices (AMD) is positioning itself as a significant competitor to Nvidia in the data center chip market, particularly in AI development GPUs [1][2] - AMD's latest MI350 series GPUs, based on the CDNA 4 architecture, are gaining traction among major tech companies due to their performance and cost advantages [2][3] - AMD's data center business generated $4.3 billion in revenue in Q3 2025, marking a 36% increase year-over-year, with AI GPU sales being the primary driver [7] Product Developments - AMD is set to launch its most powerful GPUs, the MI400 series, in 2026, which are expected to be ten times more powerful than the MI350 series [4] - The MI350 series GPUs are designed to offer total cost of ownership advantages for real-time AI inference workloads [2] Market Opportunities - AMD's AI data center opportunity could exceed $100 billion, bolstered by a recent deal with OpenAI for GPU capacity [8] - The client segment, which includes Ryzen AI sales, saw a revenue increase of 46% year-over-year, reaching $2.7 billion in Q3 2025 [9] Financial Performance - AMD reported total revenue of $9.2 billion in Q3 2025, with the data center segment being the largest contributor [7] - AMD's stock currently has a P/E ratio of 54.6, which is higher than Nvidia's P/E of 44.4, indicating a premium valuation [10][12] Competitive Landscape - Nvidia's data center revenue grew by 66% in its most recent quarter, significantly outpacing AMD's 22% growth, highlighting a disparity in market size [11] - Despite the premium valuation, AMD's long-term growth potential may justify its current stock price if revenue projections are met [13][14]

美国芯片股周三普跌，此前AMD收入预期不佳，引发对PC市场脆弱性和企业支出放缓的担忧。 AMD收跌7%， Marvell跌近6%， 英伟达跌近5%，英特尔和德州仪器分别跌超3%，跌幅超过整个科技 市场。 AMD周二晚间表示，预计该公司第三季营收将为57亿美元，而分析师预计营收为58.1亿美元。该公司 表示，"PC市场疲软"拖累其客户部门第二季度收入下降54%。AMD称，数据中心业务的销售额下降了 11%，部分原因是企业需求疲软所致。 半导体企业领跌科技股，原因是惠誉（Fitch Ratings）将美国的长期外汇发行人违约的评级从AAA下调 至 AA+。 惠誉将评级下调归因于"预期未来三年财政状况恶化"，即政府治理的削弱和总体债务负担的 增加。 纳斯达克指数在本周三下跌了2.1%，为今年以来第二大跌幅． 在AMD发布财报之后，该公司CEO苏姿丰（Lisa Su）表示，公司正在走出个人电脑行业的"动荡周 期"。但她表示，AMD预计今年下半年将实现增长。Jefferies分析师在给客户的一份报告中重申了对该 股的买入评级，并指出个人电脑市场当前正在复苏。 AMD是为数不多的几家生产人工智能所需高端图像处理器（GPU ...

近期微软首席执行官萨提亚・纳德拉（Satya Nadella）在一档播客中也指出："我们目前面临的最大问题不是算力，而是电力短缺。如果你无法提供足够 的电力，那么即使拥有大量芯片，也只能让它们闲置在仓库里。" 根据业内共识，每新增1吉瓦数据中心容量，建设成本约为500亿美元。面对以万亿为单位的投资规模，很多人也开始讨论，我们是不是进入了一场AI的 投资泡沫？ 电力供应短缺已成为美国AI产业扩张的最大瓶颈。 根据摩根士丹利发布的最新报告，截至2028年，美国数据中心的总电力需求将达到69吉瓦（GW），除去在建中的数据中心和电网可接入的电 力，还有44吉瓦的电力缺口，相当于44座核电站。 本期《硅谷101》，主播泓君邀请了人气嘉宾郑迪，深度解答AI万亿基建的两个核心问题——电从哪儿来？钱从哪儿来？以及手握大量电力的加密矿工能 否成为解决本轮能源短缺的关键力量？郑迪作为2008金融危机的亲历者，复盘了金融历史留给AI基建的警示。同时他也认为，当前还没有进入大规模借 债的阶段，一切才刚刚开始。 以下是这次对话内容的精选： 01 破解AI缺电的六条路径 泓君：我们之前做了一期讲整个AI大基建的节目，大家发现在美国有一个 ...

当下，AI已进入落地应用的加速期，从云端训练、边缘推理到工业控制、智能终端等多元场景都在加速渗透。与之相伴的是，不同AI场景对算力、功耗 及灵活性的需求差异愈发明显。 其中，伴随越来越多的智能设备在边缘侧部署、万物互联加速实现，边缘AI正迎来规模化爆发的关键阶段，作为终端实现本地智能运行与实时决策的核 心支撑，其产业价值日益凸显。 在此背景下，AMD正在不断丰富自适应与嵌入式计算产品组合，基于卓越的性能、灵活的适配能力与极致功耗优化的技术产品优势，为各行各业提供精 准匹配场景需求的差异化价值。 自三年多前收购赛灵思至今，AMD已经构建起包含CPU、GPU、FPGA及自适应SoC的完整产品组合，持续推动围绕着高性能和自适应计算的技术创新， 以独特优势引领下一波智能互联系统发展的浪潮。 这一节点，智东西/芯东西总编辑张国仁在「见智」栏目中独家对话了AMD大中华区嵌入式业务销售高级总监酆毅，聚焦AMD以FPGA为基石拓展的自适 应和嵌入式计算平台，深入探讨AMD正如何与中国客户及生态伙伴携手推进边缘智能的发展，让前沿技术真正的落地生根，共创共赢。 智东西高端访谈栏目「见智」旨在对话全球科技行业头部企业领军人物，探讨 ...

Core Viewpoint - Advanced Micro Devices (AMD) has issued ambitious growth projections, aiming for significant revenue increases and a potential market cap of $1 trillion by 2028, despite currently lagging behind Nvidia in the AI sector [1][2]. Company Overview - AMD's current market cap is approximately $360 billion, requiring its stock to nearly triple to reach the $1 trillion mark by 2028 [2]. - The company has a more diversified product lineup compared to Nvidia, which includes central processing units, embedded processors, and various data center equipment, potentially providing stability against market fluctuations [2]. Financial Performance - In the third quarter of fiscal 2026, Nvidia generated $51.2 billion from data center equipment, while AMD's data center revenue was $4.3 billion out of a total of $9.3 billion [3]. - AMD's revenue for the past 12 months was $32 billion, with projections indicating it could reach approximately $84.9 billion by 2028 at a 35% compound annual growth rate (CAGR) [7]. Growth Projections - AMD anticipates a greater than 60% CAGR in data center revenue over the next five years, significantly outpacing its recent growth [5]. - The company expects an overall revenue CAGR of 35% and adjusted earnings per share exceeding $20 [7]. Profitability Expectations - AMD projects an adjusted operating margin greater than 35%, a substantial increase from the current 10%, which could lead to an estimated profit margin of 25% by 2028 [8]. - At $84.9 billion in revenue, this would translate to approximately $21.2 billion in profits [8]. Valuation Insights - Currently, AMD's stock trades at over 110 times earnings, which is considered unrealistic; a more reasonable valuation would be around 40 times earnings, potentially valuing the company at $848 billion [9]. - If growth rates are slightly higher in the early years or if a higher valuation is applied, AMD could reach a $1 trillion valuation by 2028, with a more conservative estimate suggesting it may achieve this by 2030 [9][10].

美股盘中突然爆发。 当地时间11月25日（周二），美国股市三大股指盘中"深V"反转，全线收涨。其中道琼斯工业指数重回47000点整数关口之上，纳斯达克指数重回23000点 整数关口之上。 超威半导体（AMD）股价巨震，盘中跌势惨烈，一度大跌逾9%，但其后明显收窄跌幅。 消息面上，美联储理事斯蒂芬·米兰周二在电视采访中表示，由于美联储过高的利率目标，导致就业市场恶化。他建议加大降息力度以支持经济。 芝商所"美联储观察"工具显示，市场预计美联储12月会议上降息25个基点的概率为84.9%。 美股市场大型科技股多数上涨。具体到个股，Meta涨近4%，谷歌A、亚马逊涨超1%。微软、苹果、特斯拉均小幅上涨，涨幅均不足1%。 银行股整体上行，摩根大通、高盛、花旗、摩根士丹利、美国银行等多股涨超1%，富国银行涨幅不足1%。 航空股集体上涨，西南航空、美联航均涨逾3%，美国航空、达美航空均涨逾2%。 抗疫概念股普遍上涨，BioNTech涨超3%，Moderna涨超2%，阿斯利康涨近2%，吉利德科学涨逾1%。 芯片股涨跌分化，两大AI芯片巨头盘中一度重挫，但收盘时均大幅收窄跌幅。 其中，英伟达一度重挫逾7%，其后收窄跌幅，至收 ...