当地时间2月3日，AMD发布了2025年第四季度财报。该季度AMD营收103亿美元，同比增长34%，净利 润（Non-GAAP）25.2亿美元，同比增长42%，营收和净利润都创历史纪录。2025年，AMD营收346亿 美元，同比增长34%，创历史纪录，净利润（Non-GAAP）68.3亿美元，同比增长26%。 分业务看，第四季度AMD数据中心业务收入54亿美元，同比增长39%，超过此前市场预期；客户端及 游戏业务收入39亿美元，同比增长37%；嵌入式业务收入9.5亿美元，同比增长3%。全年AMD数据中心 业务收入166亿美元，同比增长32%；客户端及游戏业务收入146亿美元，同比增长51%；嵌入式业务收 入35亿美元，同比下降3%。 具体到一些细分市场，苏姿丰称，去年第四季度AMD向云和企业客户销售的服务器CPU创新高，年末 AMD在数据中心CPU市场中的份额创历史纪录。看向2026年，服务器CPU市场规模预计将保持百分比 两位数的增长，面向企业客户的PC业务预计在高端溢价基础上继续增长。 她还谈到AMD的产品研发进展和客户合作情况。据介绍，除了与OpenAI合作，AMD还在与其他客户探 讨大规模的多年产品部 ...

At Cash Flow Club , we focus on businesses with strong cash generation, ideally with a wide moat and significant durability. When these companies are bought at the right time, that can be highly rewarding for us. If you are interested in joining our community, start right here !Advanced Micro Devices, Inc. ( AMD ) reported the results for its most recent quarter on Tuesday afternoon. The company beat estimates on both lines, but shares slumped nevertheless -- maybe due to generalJonathan Weber holds an engi ...

Core Insights - Advanced Micro Devices, Inc. (AMD) reported its latest quarterly results, surpassing estimates on both revenue and earnings, yet the stock experienced a decline in value [1]. Financial Performance - AMD's quarterly results indicated a strong performance, beating analyst expectations [1]. Market Reaction - Despite the positive earnings report, AMD's shares fell, potentially influenced by broader market conditions [1].

AMD公司(AMD.US)于美东时间周二盘后发布了第四季度财报，作为人工智能处理器市场英伟达 (NVDA.US)的主要挑战者，AMD对当前季度的业绩预测令市场失望，表明其在AI领域的进展并未达到 部分投资者的乐观预期。 该公司周二在声明中表示，第一季度销售额预计约为98亿美元，上下浮动3亿美元。根据数据，分析师 平均预估为93.9亿美元，但部分预测曾超过100亿美元。 一个喜忧参半的消息是，AMD表示已开始向中国销售一款旧型号芯片。此举虽增加了销售额并表明公 司正在应对贸易限制，但也挤压了利润率。 这一前景展望让期待AI计算支出能带来更丰厚回报的投资者感到失望。在这个利润丰厚的市场，AMD 仍在奋力追赶英伟达，但该公司表示，预计今年下半年推出的新一代更强大设计将为其带来优势。 财报公布后，该公司股价在盘后交易中一路下行，截至发稿，该股盘后大跌8%。截至周二收盘，该股 今年累计上涨13%。 数据显示，AMD第四季度销售额增长34%，达到103亿美元，超过97亿美元的平均预期。经调整后每股 收益为1.53美元，高于分析师平均预估的1.32美元。 作为AI支出的主要受益者，AMD数据中心业务收入在本季度增长39%， ...

Group 1 - The U.S. House of Representatives passed a funding bill to resolve the partial government shutdown, providing funding until September 30, 2026 [2] - AMD reported a fourth-quarter net profit of $2.52 billion, a 42% year-over-year increase, with revenue of $10.27 billion, up 34% [4] - AMD expects first-quarter revenue between $9.5 billion and $10.1 billion, exceeding market expectations of $9.39 billion [5] Group 2 - NVIDIA CEO Jensen Huang denied any changes in the relationship with OpenAI, stating that investment plans are proceeding as planned and that NVIDIA will participate in OpenAI's next funding round [7] - ByteDance acquired two commercial land plots in Haidian District for 2.8 billion yuan, with a total area of approximately 39,522 square meters [15] - The Central Committee of the Communist Party of China released a document focusing on agricultural modernization and technological innovation in agriculture [13][14]

Core Viewpoint - AMD reported strong financial results for Q4 2025, with revenue of $10.27 billion, a 34% year-over-year increase, surpassing market expectations of $9.65 billion [1] - The adjusted earnings per share reached $1.53, up from $1.09 in the same period last year, also exceeding the market forecast of $1.32 [1] Group 1: Financial Performance - Revenue for Q4 2025 was $10.27 billion, representing a 34% increase compared to the previous year [1] - Adjusted earnings per share for the same quarter were $1.53, an increase from $1.09 year-over-year [1] - Both revenue and earnings per share exceeded market expectations, with revenue forecasted at $9.65 billion and earnings per share at $1.32 [1] Group 2: Future Outlook - AMD's CEO, Lisa Su, indicated a strong foundation for growth, projecting that the data center business revenue could grow at an annual rate exceeding 60% over the next three to five years [1] - The company anticipates that sales from its artificial intelligence business will reach several hundred billion dollars by 2027 [1]

Group 1 - The Chinese central bank announced a reverse repurchase operation of 800 billion yuan to maintain liquidity in the banking system, with a term of 3 months [2] - The Shanghai Stock Exchange reported a significant increase in new A-share accounts, with 4.9158 million new accounts opened in January 2026, a month-on-month increase of approximately 89% and a year-on-year increase of about 213% [2] - The Paris prosecutor's office conducted a search of the office of the social media platform X, owned by Elon Musk, as part of an investigation into cybercrime [3] Group 2 - Major U.S. stock indices experienced declines, with the Dow Jones down 0.34%, S&P 500 down 0.84%, and Nasdaq down 1.43%, nearly erasing gains made since the beginning of the year [3][4] - Large technology stocks faced pressure, with Nvidia down 2.84%, Microsoft down 2.87%, and Amazon down 1.79% [4] - The Nasdaq Golden Dragon China Index fell by 0.94%, with Alibaba down 2.81% and Tencent Holdings ADR down 3.33% [4] Group 3 - Commodity markets saw a rebound in gold and silver prices after two days of significant declines, with spot gold rising 5.2% to $4,906.82 per ounce [5] - Crude oil prices slightly rebounded, with WTI crude oil futures increasing by 1.72% to $63.21 per barrel [5] - Several companies announced significant developments, including a change in controlling shareholder for Jiatang and a fundraising plan for Xuguang Electronics [5]

Advanced Micro Devices (AMD) reported $10.27 billion in revenue for the quarter ended December 2025, representing a year-over-year increase of 34.1%. EPS of $1.53 for the same period compares to $1.09 a year ago.The reported revenue represents a surprise of +6.24% over the Zacks Consensus Estimate of $9.67 billion. With the consensus EPS estimate being $1.32, the EPS surprise was +16.18%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations ...

来源：@究竟视频微博 【#英伟达微软跌超2.8%#，沃尔玛市值破1万亿美元，#金银价格强劲反弹#】*纳指几乎回吐年内涨幅 *避险需求回流，国债收益率回落，金银强劲反弹 大型科技股普遍承压。英伟达收跌2.84%，连续第三个交易日回落。微软下跌2.87%，特斯拉基本持 平、微涨0.04%，苹果回落0.20%。AlphabetA类股下跌1.16%，C类股跌1.22%；亚马逊下挫1.79%，博通 跌幅达3.26%，超威半导体下跌1.69%，Meta Platforms下滑2.08%。 沃尔玛上涨逾2%，受数字业务增长和新客户获取带动，公司市值首次突破1万亿美元。 大宗商品市场方面，金银价格在连续两个交易日大幅下跌后强劲反弹。现货黄金在纽约尾盘上涨 5.2%，报每盎司4906.82美元，自周一低点4403.24美元显著回升，但仍低于上周创下的5594.82美元历史 高位。4月交割的纽约黄金期货上涨6.1%，结算价报4935美元。现货白银上涨4.8%，报每盎司83.23美 元。 *AI竞争冲击估值，软件与数据分析板块承压 美国股市周二下跌，科技股抛售拖累标普500指数和纳斯达克综合指数明显走低，投资者对人工智能相 关投入 ...

Market Overview - Market indexes experienced a decline, particularly in high-growth tech stocks, with the Dow closing down 166 points (-0.34%), the S&P 500 down -0.84%, and the Nasdaq down -1.43% [1] - The small-cap Russell 2000 managed a slight gain of 8 points (+0.31%) [1] Employment Data - December JOLTS numbers were not released due to delays from a government shutdown, impacting the start of "Jobs Week" [2] - The upcoming ADP private-sector payrolls are expected to show a slight increase of 45,000 job gains, up 4,000 from the previous month [2] Earnings Reports - Advanced Micro Devices (AMD) reported Q4 earnings of $1.53 per share, surpassing expectations of $1.32 and previous year's $1.09, with revenues of $10.3 billion exceeding the anticipated $9.67 billion [3] - AMD's reported figures included a one-time gain of $390 million from chips sold to China, leading to initial skepticism and a 6% drop in shares during late trading [4] - Amgen (AMGN) reported earnings of $5.29 per share, exceeding expectations of $4.76, with revenues of $9.8 billion above the consensus of $9.47 billion, and product sales rose by 7% [5] - Chipotle (CMG) reported earnings of 25 cents per share, slightly beating expectations, with revenues of $2.98 billion surpassing the consensus of $2.96 billion; however, full-year same-store sales declined by 1.7%, marking the first contraction in nearly a decade [6]