AMD(US:AMD) 智通财经网·2025-11-13 03:55Group 1 - The overall trend in the artificial intelligence sector is shifting towards revenue growth through reasoning applications, with significant improvements in reasoning capabilities observed in recent months [1] - AMD's growth prospects are viewed with cautious optimism, despite the company's historical ability to meet performance targets; execution time remains a key concern in the AI industry [1] - Specific examples of challenges include AMD's MI250 graphics card, which has seen slower-than-expected production increases, and NVIDIA's Blackwell GPU, which has not transitioned as smoothly as anticipated [1] Group 2 - The commercialization of artificial intelligence is now being witnessed, addressing previous concerns about revenue sources; the focus has shifted from model building to actual applications [2] - AMD is positioned as a potential "fair second supplier" in the AI chip market, with a price-to-earnings ratio of approximately 50 times future earnings compared to NVIDIA's 33 times [2] - If AMD can achieve its target of 35% growth and double-digit market share, it is expected to grow rapidly [2]