U.S. stock futures fell on Tuesday following Monday’s mixed moves. Futures of major benchmark indices were lower.The Advanced Micro Devices Inc. (NASDAQ:AMD) deal with OpenAI fueled the rally in AI-linked stocks on Monday, which has been powering Wall Street’s bull run this year.Meanwhile, President Donald Trump indicated willingness to work with the Democrats on healthcare and other policies, but only after they reopened the government, which is in its seventh day of a shutdown that began on Oct. 1. The U. ...

Key Points Nvidia’s annual product cadence is proving to be a major competitive edge. AMD is seeing significant wins for its EPYC CPUs and Instinct accelerators in the enterprise market. Both companies trade at premium valuations, which are justified by their fundamentals and future growth prospects. 10 stocks we like better than Nvidia › Artificial intelligence (AI) is fast becoming the backbone of global business. According to PwC, AI is expected to contribute nearly $15.7 trillion to global GDP ...

股价目标与估值依据 - 英伟达股价在未来几年可能达到350美元，对应公司市值接近10万亿美元 [2] - 尽管公司股票基于FY25和FY26的共识调整后收益，其市盈率分别高达62倍和42倍，但考虑到近50%的每股收益增长预期，估值具有合理性 [2] - 若未来几年公司盈利增长3.7倍，且市盈率维持在32倍左右，股价有望增长约1.9倍，超过350美元 [7] 财务表现与增长预测 - 公司过去12个月营收几乎翻倍，过去三年平均年增长率约为69% [3] - 预测公司营收将从FY25的约1310亿美元增长至FY28的约4860亿美元，增长近3.7倍，假设未来两年平均年增长率约为60%，第三年约为45% [3] - 公司净利润率从FY19的约25%显著提升至FY25的约51%，得益于规模经济效应和产品组合向复杂数据中心产品倾斜 [5] - 假设利润率保持稳定，营收增长3.7倍将带动盈利同比例增长3.7倍 [6] 行业趋势与增长驱动力 - 首席执行官预测，到本十年末，人工智能基础设施支出可能增至4万亿美元 [2] - 人工智能正从文本基础向多模态（处理语音、图像、视频、3D）演进，需要更强大的计算能力和更多的GPU出货量 [4] - 人工通用智能（AGI）的出现可能将全球GDP年增长率从低个位数提升至20%以上，并将极大增加对高性能计算的需求 [4] - 公司近期完成了多项重大人工智能相关协议，包括与OpenAI价值1000亿美元的投资与合作、与CoreWeave价值63亿美元的云容量协议，以及微软与Nebius价值194亿美元的合同 [4] 盈利能力与竞争态势 - 公司通过推出如最新Blackwell芯片等更高端的产品来维持利润率，但低端市场可能面临来自AMD等竞争对手的成本和竞争压力 [6] - 软件相关销售额正在增长，有助于支持利润率 [6]

Key Points Nvidia is still the AI infrastructure leader, but smaller players could outperform it in the coming years. Broadcom has a huge opportunity as more companies turn to custom AI chips. Meanwhile, AMD has an opening to take some share in the coming years as the market shifts toward inference. 10 stocks we like better than Broadcom › Nvidia (NASDAQ: NVDA) has been the clear leader in artificial intelligence (AI) chips since the start of the AI boom. Its graphics processing units (GPUs) have ...

公司评级与股价 - 杰富瑞分析师将超微公司的评级上调至买入 [1] - 超微公司股价因与ChatGPT制造商OpenAI达成协议而大幅上涨 [1] 行业合作动态 - 超微公司与人工智能公司OpenAI建立了合作关系 [1]

Leading analysts are hailing Advanced Micro Devices Inc.'s (NASDAQ:AMD) new partnership with OpenAI as a breakthrough moment for the chipmaker, one that could propel it to the center of the AI arms race. Just The Start For AMDAnalyst Dan Ives of Wedbush Securities said that the deal, which involves ChatGPT parent OpenAI deploying up to 6 gigawatts of AMD Instinct GPU power, brings the chipmaker “right into the AI revolution,” and that “any lingering fears around AMD should now be thrown out the window,” whi ...

Nvidia surprised Wall Street with how big the data center opportunity could be over the next five years.Nvidia's (NVDA -1.10%) powerful chips are used in almost every data center and cloud service provider for the most advanced artificial intelligence (AI) workloads. Its stock has rocketed over 30,000% over the last 10 years, making Nvidia the most valuable company in the world with a market cap over $4.6 trillion at the time of writing.But Nvidia's management mentioned one number on the company's last earn ...

Amkor Technology has commenced construction on a semiconductor advanced packaging and test campus in Arizona, US, expanding its planned investment in the project to $7bn over two phases. The company is increasing its commitment by more than $5bn. This expanded investment will be allocated towards creating extra cleanroom space and construction on a second greenfield packaging and test facility. The overall development across both phases will provide more than 750,000ft² of cleanroom capacity. Amkor ex ...

股价表现 - AMD股价在盘前交易中继续上涨近2%，报207.6美元 [1] - 该股前一个交易日大幅收涨超23.7% [1] 公司与OpenAI合作 - AMD与OpenAI达成一项6吉瓦的算力协议 [1] - 协议内容是为OpenAI下一代AI基础设施提供多代AMD Instinct GPU支持 [1] - 首批1吉瓦AMD Instinct MI450 GPU计划于2026年下半年开始部署 [1] 财务影响 - 公司预计与OpenAI的合作将带来数百亿美元的收入 [1] - 此次合作将加速OpenAI的AI基础设施建设 [1]

S&P 500 and Nasdaq are coming off new records following OpenAI-AMD deal ...