xAI开启新一轮融资 据媒体10月8日报道，xAI正在筹集比最初计划更多的资金，其中包括来自英伟达的股权投资，使本轮 持续进行中的融资总额达到200亿美元。这笔融资将分为约75亿美元的股权融资和最多125亿美元的债务 融资，并通过一个特殊目的载体进行结构化安排。英伟达将在该交易的股权部分投资高达20亿美元。 此前，马斯克曾在9月份于社交媒体平台X上发帖称，xAI"目前并未筹集任何资金"，此次融资计划或为 后续新增安排。不过，据新浪10月8日报道，黄仁勋已明确确认英伟达对xAI的投资。 在美联储降息"放水"背景下，美股科技巨头加速人工智能基建投资。继OpenAI与AMD宣布芯片采购协 议后，马斯克旗下的人工智能初创公司xAI被报道将融资200亿美元，英伟达将参与股权融资。 有媒体报道称，英伟达首席执行官黄仁勋已确认，英伟达已投资埃隆·马斯克旗下的初创公司xAI。英伟 达官方向证券时报·e公司记者表示暂无评论。 今年以来，A股英伟达产业链指数累计上涨65%，PCB、光模块等板块表现突出；此外，存储板块也在 节前强势上涨。 黄仁勋表示，对xAI正在进行的融资情况感到非常兴奋。谈及另一家AI巨头OpenAI时，他提到 ...

【相关阅读】"AI闭环"假期刷屏！一文读懂北美数据中心供应链 AI"闭环"继续：马斯克旗下xAI接近募资200亿美元，英伟达出资20亿入股且"挂钩芯片" 在美联储降息"放水"背景下，美股科技巨头加速人工智能基建投资。继OpenAI与AMD宣布芯片采购协 议后，马斯克旗下的人工智能初创公司xAI被报道将融资200亿美元，英伟达将参与股权融资。 有媒体报道称，英伟达首席执行官黄仁勋已确认，英伟达已投资埃隆・马斯克旗下的初创公司xAI。英 伟达官方向证券时报·e公司记者表示暂无评论。 今年以来，A股英伟达产业链指数累计上涨65%，PCB、光模块等板块表现突出；此外，存储板块也在 节前强势上涨。 黄仁勋表示，对xAI正在进行的融资情况感到非常兴奋。谈及另一家AI巨头OpenAI时，他提到，英伟达 与OpenAI达成的交易，将助力该初创公司为成为"自主托管的超大规模数据中心运营商"做好准备，但 他本人在OpenAI与AMD的交易公开宣布前并不知情。此外，黄仁勋直言后悔未更早投资OpenAI，同时 指出OpenAI的营收正呈指数级增长。 当被问及OpenAI将如何为与英伟达的交易提供资金时，他回应称，OpenAI"目前还 ...

在美联储降息"放水"背景下，美股科技巨头加速人工智能基建投资。继OpenAI与AMD宣布芯片采购协 议后，马斯克旗下的人工智能初创公司xAI被报道将融资200亿美元，英伟达将参与股权融资。 有媒体报道称，英伟达首席执行官黄仁勋已确认，英伟达已投资埃隆马斯克旗下的初创公司xAI。英伟 达官方向证券时报.e公司记者表示暂无评论。 今年以来，A股英伟达产业链指数累计上涨65%，PCB、光模块等板块表现突出；此外，存储板块也在 节前强势上涨。 xAI开启新一轮融资 据媒体10月8日报道，xAI正在筹集比最初计划更多的资金，其中包括来自英伟达的股权投资，使本轮 持续进行中的融资总额达到200亿美元。这笔融资将分为约75亿美元的股权融资和最多125亿美元的债务 融资，并通过一个特殊目的载体进行结构化安排。英伟达将在该交易的股权部分投资高达20亿美元。 此前，马斯克曾在9月份于社交媒体平台X上发帖称，xAI"目前并未筹集任何资金"，此次融资计划或为 后续新增安排。不过，据新浪10月8日报道，黄仁勋已明确确认英伟达对xAI的投资。 黄仁勋表示，对xAI正在进行的融资情况感到非常兴奋。谈及另一家AI巨头OpenAI时，他提到， ...

AMD与OpenAI周一宣布扩大合作关系，这项价值数十亿美元的芯片采购协议采用了一种不寻常的支付 方式：OpenAI将使用AMD自身的股票来支付费用。这一独特的融资安排实质上让AMD为客户的大额 采购提供融资，而最终的成本可能由推高股价的投资者承担。 根据协议，OpenAI将帮助AMD完善其与英伟达竞争的Instinct GPU产品线，并在多年内采购和部署6吉 瓦的AMD计算能力。AMD授予OpenAI最多1.6亿股的股票认股权证，这些权证将根据特定里程碑分批 行权，最后一批权证需要AMD股价达到600美元才能行权。 AMD股价在消息公布前约为165美元，周二收盘时已飙升至211美元。UBS分析师Timothy Arcuri指出， 如果OpenAI持有所有股票直到协议结束，其持股价值可能达到约1000亿美元。 这种安排为AMD提供了进入大型AI数据中心建设浪潮的重要机会，预计可获得多达30%的市场份额， 同时也为其AI GPU产品获得了OpenAI的重要验证。 股票融资模式的运作机制 AMD向OpenAI授予的股票认股权证将分批行权，每批都与特定的股价目标挂钩。最终的第六批权证需 要AMD市值达到约1万亿美元 ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) extended their momentum in after-hours trading on Monday, rising 1.53% following a nearly 24% surge during the regular session. AMD CEO Lisa Su Dismisses AI Hype Concerns On Monday, AMD CEO Lisa Su said the AI boom is just beginning, dismissing concerns that the current investment surge is overblown. "I would say that's probably thinking too small. You h ...

Group 1 - Cohere raised an additional $100 million, increasing its valuation to $7 billion, following an oversubscribed $500 million round announced in August at a $6.8 billion valuation [1][5] - Cohere signed a partnership deal with AMD, which is also one of its investors, while competitor OpenAI secured a significant investment from Nvidia [2][3] - Cohere's AI models can now run on AMD's Instinct GPU, and AMD will use Cohere's services internally, although Cohere will continue to support Nvidia GPUs [3] Group 2 - Cohere was co-founded in 2019 by Aidan Gomez, a key figure in the development of the "Transformer" architecture that spurred the generative AI boom [4] - Despite its rapid growth, Cohere has been overshadowed by competitors like OpenAI and Anthropic, with OpenAI recently valued at $500 billion and Anthropic at $183 billion [5] - The company is focusing on the enterprise market, emphasizing AI sovereignty and local control of data and models, attracting new investors like the Business Development Bank of Canada and Nexxus Capital Management in its latest funding round [6]

Core Viewpoint - AMD is significantly increasing its channel investment and expanding its partner program to enhance competitiveness in the CPU market, particularly against Intel in the mid-market and SMB segments [2][3][8]. Investment and Expansion - AMD has increased partner funding by over 40% this year and aims to double the number of channel employees while expanding global partner coverage by approximately 20% [2][13]. - The company plans to enhance its partner program by focusing on sales incentives, marketing funds, and training to empower partners in selling AMD products [8][11]. Competitive Landscape - The semiconductor industry is becoming increasingly competitive, with Qualcomm also doubling its channel funding and expanding its team to gain market share [3]. - Intel is also adapting its partner program despite facing significant changes, indicating the competitive pressure in the industry [3]. Partner Program Development - AMD's partner program has evolved from having no structure a decade ago to a comprehensive plan that is now considered competitive in multiple areas [4][11]. - Feedback from core partners indicates that the new business plan is not only competitive but also top-tier in various aspects [11][12]. Challenges and Focus Areas - AMD's Instinct GPU is not yet ready for large-scale channel promotion as the company focuses on high-touch collaborations with major clients like Meta and Microsoft [6][7]. - The company recognizes the need to enhance its partner program to match the level of Nvidia's partner network, which has been instrumental in driving revenue growth for system integrators [7][8]. Training and Support - AMD is improving the quality and consistency of its partner training programs, addressing previous inconsistencies in investment across different business units [12]. - The company is committed to ensuring clear communication with partners, which is crucial for building customer relationships [10]. Future Outlook - AMD expects to increase its global partner coverage by about 20% by the end of the year, with a focus on regions like APJ and EMEA where channel presence has been less developed [13][14]. - The company plans to nearly double its channel sales and marketing teams to support the expanded partner network and investment initiatives [15].

Core Viewpoint - AMD reported strong financial results for Q1 2025, with revenue of approximately $7.44 billion, a year-over-year increase of 36%, and non-GAAP earnings per share of $0.96, up 55% year-over-year, exceeding market expectations [1][2][12]. Financial Performance - AMD's adjusted gross margin was 54%, and operating income margin was 24%, indicating better-than-expected operating cycles [2]. - The data center segment showed significant growth, with revenue of approximately $3.67 billion, a 57% increase year-over-year, accounting for about 49% of total revenue [4][5]. - Client and gaming revenue reached $2.94 billion, up 28% year-over-year, driven by high-end Ryzen CPU sales [4][5]. - Embedded revenue was approximately $823 million, down 3% year-over-year, but showed signs of gradual recovery [4][5]. Segment Results - Data Center: - Net Revenue: $3,674 million (up 57% YoY) [5] - Operating Income: $932 million (up 72% YoY) [5] - Client & Gaming: - Net Revenue: $2,941 million (up 28% YoY) [5] - Operating Income: $496 million (up 109% YoY) [5] - Embedded: - Net Revenue: $823 million (down 3% YoY) [5] - Operating Income: $328 million (down 4% YoY) [5] Market Position and Outlook - AMD's EPYC server chips are gaining market share among hyperscale and enterprise customers, with over 30 new cloud instances launched in Q1 2025 [6]. - The AI computing market, valued at over $500 billion, presents significant growth opportunities for AMD, especially with the introduction of new MI series GPUs [9]. - Management anticipates strong double-digit revenue growth for 2025, despite potential impacts from export licensing restrictions [9][12]. - If sales resume, AMD could see an additional $700 million in revenue in the short term and potentially $1.5 billion in the medium term [12]. Valuation and Investment Potential - AMD's forward P/E ratio is approximately 42, which is relatively low compared to its historical range [17]. - Assuming a 5% increase in EPS for 2025 and 2026, the target price for 2026 could be around $223.3, indicating a potential upside of about 34% [19]. - Given the recent earnings report exceeding expectations and the potential for further growth in the data center segment, AMD remains an attractive buy [19].

There is a lot you can do with $1,000. But if you want to get a step closer to sustainable wealth, consider putting that money to work in the stock market. The burgeoning generative artificial intelligence (AI) industry gives investors an excellent opportunity to bet on a megatrend that may eventually rival the internet in its impact on global productivity. Let's explore why Super Micro Computer (SMCI -1.86%) and Advanced Micro Devices (AMD -2.13%) look like solid long-term bets. Super Micro Computer Popula ...

Core Viewpoint - AMD reported strong Q1 2025 earnings with a revenue of $7.44 billion, exceeding analyst expectations, but the stock has seen a decline of 17% year-to-date [1][2] Financial Performance - Q1 revenue reached $7.44 billion, a 36% year-over-year increase, surpassing the expected $7.12 billion; gross profit was $3.74 billion, up 46% year-over-year, with a gross margin of 50% [2] - Operating profit margin stood at 11%, with a profit of $710 million and an adjusted EPS of $0.96, better than the anticipated $0.94 [2] Business Segment Analysis - **Data Center Segment**: Revenue of $3.7 billion, a 57% year-over-year increase, driven by sales of EPYC CPUs and Instinct GPUs, outperforming the expected $3.66 billion [5] - **Client and Gaming Segment**: Revenue of $2.9 billion, a 28% year-over-year increase; client revenue was $2.3 billion, up 68% due to strong demand for Zen 5 architecture Ryzen processors, while gaming revenue fell 30% to $647 million due to a decline in semi-custom business [5] - **Embedded Segment**: Revenue of $823 million, a 3% year-over-year decrease, reflecting mixed demand in end markets [6] Guidance Under Tariffs - AMD anticipates a $700 million reduction in sales for its MI308 product due to new licensing requirements, impacting Q2 revenue; the annual revenue impact is projected at $1.5 billion [7] - Q2 revenue is expected to be around $7.4 billion, slightly above analyst expectations, with a non-GAAP gross margin forecasted at approximately 43% [7] - CEO Lisa Su expressed confidence in the company's performance despite tariff impacts, citing four consecutive quarters of accelerated year-over-year growth [7] Market Share Insights - AMD's CPU market share increased from 38.7% to 40.1%, with significant gains across all segments [8] - Desktop market share surpassed Intel at 50.3%, while laptop share rose to 28.2% [10] - Server market share reached a historic high of 31.6%, up from 16.2% in the previous quarter [10] GPU Market Dynamics - Despite a 62% year-over-year increase in capital expenditures among North America's top four cloud providers, AMD has not gained significant market share in the cloud business, remaining behind NVIDIA [11][12] - New product developments include the MI325X and MI350, with the latter expected to significantly enhance performance [12] Price Target Adjustments - HSBC raised its price target for AMD from $70 to $75, while Mizuho and Jefferies lowered their targets from $120 to $117 and from $120 to $100, respectively [13]