摘要 风险提示 芯片制程发展与良率不及预期 中美科技领域政策恶化 智能手机销量不及预期 敬请参阅最后一页特别声明 1 - 本周海外 AI 应用中，Gemini 活跃度快速攀升，ChatGPT 小幅回落，Claude 与 Perplexity 微幅增长，国内应用 则保持平稳。技术与硬件领域，DeepSeek 发布 6850 亿参数的 DeepSeek-Math-V2，首创"生成-验证"闭环机 制，以 83.3%的 IMO 正确率成为全球最强开源数学模型；阿里通义推出 6 亿参数 Z-Image 生图模型，兼顾照片级 质感与 8 步疾速推理。硬件方面，夸克发布搭载千问助手的 AI 眼镜 S1 及 G1，起售价分别为 3799 元和 1899 元，主打双旗舰芯片与可换电设计。基础设施层面，AMD 联合 IBM 发布首个全流程基于 MI300X 训练的 MoE 模型 ZAYA1，验证了非 NVIDIA 算力在大规模模型训练中的可行性。 - 公司 2026 财年三季度在 AI 基础设施景气和 PC 换机周期带动下，实现收入与 EPS 同步创历史新高，验证其在 AI 服务器整机与机架级方案上的执行力与交付能力。ISG 连 ...

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the best Semiconductor Stocks to Buy Heading into 2026. On November 24, the company announced that Zyphra achieved a significant milestone in large-scale AI model training with the development of ZAYA1. This is the first large-scale Mixture-of-Experts (MoE) foundation model trained with the help of an AMD GPU and networking platform. Advanced Micro Devices (AMD) Announces That Zyphra Achieves a Significant Milestone Notably, the results from Zyphra demo ...

Core Insights - AMD has announced that Zyphra has achieved a significant milestone in large-scale AI model training with the development of ZAYA1, the first large-scale Mixture-of-Experts (MoE) foundation model trained using AMD technology [1][6] - The ZAYA1 model demonstrates competitive or superior performance compared to leading open models in reasoning, mathematics, and coding benchmarks, showcasing the efficiency of AMD Instinct GPUs for production-scale AI workloads [2][4] AMD's Technological Contributions - The AMD Instinct MI300X GPU features 192 GB of high-bandwidth memory, which facilitated efficient large-scale training and improved throughput while reducing complexity [4][6] - Zyphra reported over 10x faster model save times using AMD optimized distributed I/O, enhancing training reliability and efficiency [4][6] Collaboration and Future Prospects - Zyphra collaborated closely with AMD and IBM to design and deploy a large-scale training cluster, combining AMD Instinct MI300X GPUs with IBM Cloud's high-performance fabric and storage architecture [4][6] - The CEO of Zyphra emphasized the importance of co-designing model architectures with silicon and systems, indicating a commitment to deepen collaboration with AMD and IBM for future advanced multimodal foundation models [3][4]