Whales with a lot of money to spend have taken a noticeably bullish stance on Advanced Micro Devices.Looking at options history for Advanced Micro Devices (NASDAQ:AMD) we detected 65 trades.If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 36% with bearish.From the overall spotted trades, 11 are puts, for a total amount of $784,454 and 54, calls, for a total amount of $8,004,165.Predicted Price RangeBased on the trading ...

以下文章来源于超越 J Curve ，作者宋梓翔 超越 J Curve . 用数据延伸你的阅读 将投中网设为"星标⭐"，第一时间收获最新推送 透过英伟达的动作，我们或许可以更清晰地观察和理解未来 AI 的可能走向。 作者丨宋梓翔 来源丨投中嘉川 在这场AI革命中，没有任何一家公司比英伟达获利更多。 最新的三季度报又出炉了，经营性利润较去年同期上涨65%，达到360亿美元。净利润也同样增长了65%，达到 319亿美元。 自打2022年11月ChatGPT 3.5问世以来，英伟达的经营性利润已经增长近19倍。公司也一度成为了历史上第一家 市值突破五万亿美元的企业。 而同样出现成倍增长的还有英伟达对初创公司投资的数量。 自2022年以来，英伟达（包括直投、CVC NVentures、NV GPU Venture）共计出手251次，投资了244家初创企 业。 今年初至11月11日，英伟达（包括直投、CVC NVentures、NV GPU Venture） 已经累计出手84次，投资74家 初创企业 ，投资范围覆盖北美、欧洲、亚洲以及中东地区。这一数字已经超过2024年全年的76次，并且较2022年 的18次翻了4.6 ...

Core Insights - The article discusses potential investment opportunities in AMD, highlighting a possible long position that may be initiated within the next 72 hours [1]. Group 1 - The analyst expresses a personal opinion on AMD and indicates no current stock or derivative positions in the mentioned companies [1]. - There is an emphasis on the independence of the analyst's views, which may not reflect the opinions of Seeking Alpha as a whole [2].

智通财经APP获悉，有着"地球最重要股票"称号的全球市值最高公司，并且处于人工智能狂热浪潮最核心地位的"AI芯片超级霸主"——近期市值一度破5万 亿美元的英伟达(NVDA.US)，给出了关于当前季度无比强劲的营收展望预期以及远超市场预期的炸裂式业绩增长数据，可谓全面击溃近期风靡市场的"AI泡 沫论调"，在极大程度上缓解了股票市场投资者们对前所未有的全球AI支出热潮即将大举退潮的担忧情绪。 英伟达财报与业绩展望公布之后，当前市值约4.5万亿美元的英伟达股价在美股盘后一度暴涨超6%，美股市场的芯片板块，尤其是该板块的那些与AI训练/推 理系统密切相关联的AI算力产业链领军者们——比如台积电、博通、AMD以及美光科技股价均大举上扬，一改近期因AI泡沫论调席卷市场而陷入萎靡的股 价下行轨迹。 毫无疑问，全球投资者们时隔多个月之后，再度感受到AI狂热投资资金的"AI信仰"所带来的巨大震撼，带动半导体以及AI应用软件板块股价大举上攻。上 一次感受到如此规模的AI震撼力度乃在英伟达当时于7月份总市值突破4万亿美元大关——成为全球首家市值突破4万亿美元的上市公司。 全球持续井喷式扩张的AI算力需求，加之美国政府主导的AI基础 ...

智通财经APP获悉，尽管近期全球股市的芯片/半导体板块经历了一波回调，但华尔街金融巨头花旗集 团的半导体分析师团队表示，在与半导体业内资深工程师以及市场上的主流机构投资者们交流后，分析 师与投资者们对多家与AI算力基础设施密切相关的芯片公司依然持强力看涨态度，其中英伟达在PC与 数据中心芯片领域的最强劲竞争对手AMD(AMD.US)获评"最受青睐"的个股，被花旗视为"山丘之 王"(king of the hill)，力压另外两大AI芯片巨头——英伟达(NVDA.US)与博通(AVGO.US)。 "考虑到2027日历年度更高级别的每股收益(EPS)增速，AMD是市场买入动能最强的股票，我们的调研 反馈显示，此次分析师日有助于巩固其营收/利润率目标以及高达20美元的未来EPS目标。"花旗分析师 Christopher Danely领导的团队在一份致客户的报告中写道，并且重申"买入"评级以及260美元目标价。 花旗还强调，博通(AVGO.US)很可能仍然是投资者们的"核心AI重仓股"之一，但围绕其商用TPU以及更 广泛AI ASIC芯片业务所带来上行空间"缺乏足够清晰度"的担忧情绪有所增加。不过分析师Danely补 ...

Global Market Outlook - The recovery in traditional cycle-related investments and consumption in non-US regions is expected to continue, although terminal consumption may recover slowly due to widening wealth disparities and increased uncertainty in economic, political, and employment prospects [2][6] - The Eurozone is maintaining its recovery, with domestic demand expected to replace net exports as the main contributor to economic growth in 2026 [10][11] - Southeast Asia is projected to outperform global growth, with Vietnam and Indonesia as key beneficiaries of industrial relocation and global supply chain diversification [2][17] Industry Outlook - Continued optimism in AI, electrification, and finance sectors, with high demand for overseas computing power expected to persist until the end of 2026 [3][9] - Capital expenditure in high-demand sectors like defense and AI infrastructure is anticipated to expand, while traditional cycle-related capital expenditure may recover at a slower pace due to terminal demand influences [8][9] - The consumer sector is expected to face challenges, with US consumption growth potentially cooling, while non-US regions may see marginal recovery [3][9] Regional Insights - In the Eurozone, private consumption is expected to grow, but high uncertainty may slow consumer confidence recovery [11][12] - Japan's economy is projected to grow above potential GDP, driven by expanding consumption and equipment investment [13][14] - Southeast Asia's average economic growth is forecasted at 4.2%, with specific countries like Vietnam and Indonesia leading in growth rates [17][18] Investment Recommendations - Focus on sectors with reasonable valuations and positive catalysts, such as pharmaceuticals and automotive [9][10] - In Japan, attention is drawn to sectors benefiting from external economic improvements, particularly electronics, machinery, and automotive [15][61] - In Southeast Asia, the real estate sector is expected to thrive in a low-interest-rate environment, while industrial and logistics sectors may benefit from effective tariff rates [18][19] Technology and AI - The demand for AI infrastructure is expected to remain robust, with significant capital expenditure growth anticipated in 2026 [27][28] - AI ASIC and GPU markets are projected to see substantial growth, driven by increased deployment by major cloud service providers [23][26] - Software and AI are expected to mutually enhance each other, with software playing a crucial role in AI application deployment [30][31] Consumer Goods - The food and beverage sector is expected to see a divergence in revenue growth, with leading companies likely to outperform smaller competitors [48][49] - The home care and personal care sectors may face short-term pressure due to slowing growth rates and cost challenges [50][51] - The luxury goods market is projected to recover in 2026, driven by consumer demand in key regions [52][54] Automotive Sector - Global passenger car sales are expected to see a slight increase, particularly in Europe due to new product cycles and improving labor markets [45][46] - European automakers are anticipated to accelerate their electric vehicle transitions, while US automakers stabilize after tariff impacts [46][47]

在全球云端AI服务器投资浪潮下，台积电作为主要代工厂商正迎来前所未有的增长机遇。 瑞银最新研报显示，每1GW服务器项目将为台积电带来10-20亿美元的收入机会，相当于其2025年预期销售额的1.0- 1.5%。随着OpenAI和多家超大规模云服务商宣布数十GW级别的服务器建设计划，台积电的收入增长潜力将远超市场 预期。 不同AI平台的产能需求差异显著 研报分析显示，台积电在英伟达新一代AI GPU平台中的实际总收入金额将逐步增长。每1GW服务器建设中，台积电 从Blackwell Ultra/Rubin平台获得的收入约为11亿美元，而到Rubin Ultra/Feynman平台时将增至14-19亿美元。 博 通ASIC方案效率优势明显，ASIC芯片凭借针对特定工作负载的更高效率，可能产生比GPU更多的芯片单元需求。博 通为谷歌设计的TPU v7p，每1GW需要约4.9千片/月的N3产能,远高于英伟达的2-4千片/月。 从收入占机架价值的比例看，ASIC方案为台积电带来的实际总收入金额更高，达到10-11%，而GPU方案为4-6%。具 体到谷歌TPU v7p项目，台积电每1GW的收入机会可达18.95亿美元。 ...

随着AI芯片领军者AMD以及SSD存储巨头闪迪(SanDisk)公布AI热潮驱动之下的无比强劲业绩以及高盛、瑞银 等华尔街金融巨头们发布研报驳斥"AI泡沫"，市场关于AI泡沫的担忧情绪显著减弱，带动英伟达、美光科技、 爱德万测试、东京电子、软银集团以及SK海力士等与AI密切相关联的科技巨头们近日股价有所反弹，凸显出 逢低买盘真金白银涌向这些AI算力领军者们。 全球持续井喷式扩张的AI算力需求，加之美国政府所主导的全球主权AI基础设施投资项目愈发庞大，并且科技 巨头们不断斥巨资投入建设大型数据中心，很大程度上意味着对于长期钟情于英伟达以及AI算力产业链的投资 者们来说，席卷全球的"AI信仰"对算力领军者们的股价"超级催化"远未完结，他们押注英伟达、台积电、美 光、SK海力士以及希捷、西部数据等算力领军者们所主导的AI算力产业链公司的股价将继续演绎"牛市曲 线"。 令人感到震撼的5000亿美元 智通财经APP获悉，英伟达(NVDA.US)首席执行官黄仁勋在10月底的华盛顿GTC大会上重磅透露，英伟达在 2025年到2026年日历年全年合计拥有高达5000亿美元的AI GPU算力基础设施订单，这些订单对应的是处于本 ...

纳德拉在周三表示："微软将与 OpenAI 的设计以及我们自己的团队合作，因为我们拥有相关知识产 权。" AI ASIC与英伟达AI GPU属于AI芯片的两种截然不同技术路线，当前两者在很大程度上互为市场竞争对 手，尤其是AI ASIC对于那些超大规模云计算巨头与OpenAI这样的AI领军者们来说，在AI训练/推理领 域具备非常明显的性价比与能效比优势。 据悉，博通公司正在帮助OpenAI设计并生产一款定制化人工智能加速芯片(即 AI ASIC芯片)。据媒体报 道，两家公司计划最早从明年开始交付该系列中的首批AI芯片，这也将使得作为AI算力基础设施领域 的绝对领导者——英伟达(NVDA.US)，面对来自博通的AI芯片领域最直接也是最强大的长期竞争压 力。 微软(MSFT.US)计划利用其对OpenAI定制人工智能半导体研发工作的访问权限，来助力自身的芯片研发 工作。微软首席执行官萨蒂亚·纳德拉在一次播客访谈中谈到内部芯片的研发问题时说："即便是在系统 层面进行创新，我们也能全面掌握相关技术。我们首先希望复制他们所开发的成果，但之后还会对其进 行拓展。" 根据两家公司达成的修订协议，微软可在 2032 年之前使 ...

Summary of NVIDIA Corp (NVDA.O) Conference Call Company Overview - **Company**: NVIDIA Corp (NVDA.O) - **Industry**: Semiconductor, specifically focusing on graphics processing units (GPUs) and AI technologies - **Headquarters**: Santa Clara, CA Key Financial Insights - **Earnings Preview**: Expected earnings report on 11/19 with projected sales of $57 billion for the October quarter, surpassing the Street's estimate of $55 billion [1][28] - **Guidance for January Quarter**: Anticipated sales of $62 billion, compared to the Street's estimate of $61 billion [1][28] - **EPS Estimates**: Adjusted EPS estimates for FY26/27/28 increased by 2%/7%/8% to align with revised AI capex models, leading to a target price of $220 based on a 30x P/E ratio [1][36] Market Dynamics - **Supply Constraints**: Current supply bottlenecks are attributed to CoWoS capacity limitations at TSMC, impacting the ability to meet AI demand through 2026 [1][3] - **AI Demand vs. Supply**: Despite concerns about AI investment froth, supply is expected to remain below demand until 2027, with hyperscaler cloud revenues projected to accelerate in 2025 and 2026 due to enterprise AI adoption [3][4] Market Size and Growth Projections - **Data Center Semiconductors TAM**: The total addressable market for data center semiconductors is projected to reach $654 billion by 2028, a 16% increase from previous estimates [4][27] - **GPU/Custom ASIC Demand**: The increase in demand is primarily driven by key AI players like OpenAI, with GPU/custom ASIC TAM expected to grow significantly [4][27] Competitive Landscape - **Increased Competition**: Investor focus on the $100 billion OpenAI investment and rising TPU competition, alongside higher component costs affecting gross margins [2][36] - **Market Position**: NVIDIA is expected to maintain a significant share of AI accelerator investments due to its technology leadership and established customer base [23] Financial Performance Metrics - **Sales Revenue Growth**: Projected sales revenue growth rates for FY2025 to FY2028 are 125.9%, 114.2%, 61.0%, 43.0%, and 23.6% respectively [10] - **Gross Margin**: Expected gross margins for FY2026 are around 71.2%, with a slight increase to 76.3% by FY2028 [10] Risks and Considerations - **Downside Risks**: Potential risks include competition in gaming, slower adoption of new platforms, market volatility in auto and data center sectors, and impacts from cryptomining on gaming sales [36][37] Investment Strategy - **Recommendation**: Maintain a "Buy" rating on NVIDIA due to strong secular growth opportunities in AI [35][36] Conclusion - NVIDIA is positioned for significant growth driven by AI demand, despite current supply constraints. The company is expected to outperform market expectations in upcoming quarters, supported by robust financial metrics and a strong market presence in the semiconductor industry.