AMD 受益于其作为 AI 工厂系统关键第二供应商的地位，并在需求旺盛之际获得 CPU 定价权。
逐段跳播
当然，是 Nvidia。AMD 的崛起实际上由两个维度驱动。第一个是中央处理器（CPU），这个我们可以详细谈。但我认为另一个维度是人们把 AMD 视为 AI 工厂的真正第二供应来源。
这远不止是芯片，而是一整套系统，目前 HPE 和 Lenovo 这样的公司正在构建它，并将在今年年底或明年年初交付给客户。所以，我认为你看到的是这样一种认识：对于领先的 AI 公司以及那些正在建设 AI 工厂的企业来说，AMD 确实是那个第二供应来源。
Well, Nvidia, of course. Ah, the rise of AMD is really driven by two dimensions. The first is central processing units (CPUs). We can talk about that in detail. But I think the other is seeing AMD as a true second source for AI factories .
It's much bigger than just chips. It is a complete system that companies like HPE and Lenovo are currently building. It will be released to customers at the end of this year, or the beginning of next year.
So, I think what you're seeing is this recognition that AMD really is that second source for leading AI companies and firms that are building those AI factories.
看看 AMD；在过去几周的评估中，他们公布的内容有很大一部分是，他们正在使用一种高度依赖 Broadcom 的计算机间通信方式。
Look at AMD; a large part of what they announced during the evaluations of the past few weeks is that they are using a type of computer-to-computer communication that is heavily reliant on Broadcom.
是的，当然。这份报告，我不知道 AMD 是否已确认其需要提价。我的意思是，这说明了它当前的定价能力和需求能力如何，又说明了芯片价格通胀的什么？
Yes, of course. This report, I don't know if AMD has confirmed its need to raise its prices. I mean, what does that tell you about its current pricing and demand power, and also about chip price inflation ?
因此，在 CPU 需求旺盛的情况下，供应不足以满足这一需求，这是很自然的。这让 AMD、Intel 等公司获得了它们两年前在 CPU 上并不具备的定价能力。
Therefore , it is natural that with the voracious demand for CPUs, the supply is not sufficient to meet this demand. This gives companies like AMD, Intel, and others pricing power they didn't have on CPUs two years ago.
我认为，当你看 AMD 这样的公司时，数据中心实际上就是客户，因为那些庞大的系统最初未必会卖给企业客户。例如，当 AMD 发布其 Helios 操作系统时，它的首批客户之一很可能是 Oracle，而 Oracle 本质上是一家巨大的云计算提供商。
I think when you look at a company like AMD, the data center is really the customer, because those giant systems don't necessarily go to enterprise customers initially. For example, when AMD releases its Helios operating system, one of its first customers will likely be Oracle, which is essentially a huge cloud computing provider .
这个频道对 $AMD 的历次判断
Schwab Network 在这只股票上共 5 条判断，这里只列相邻的几条。