[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"content-doc-dcio0f85da8f":3},{"user":4,"document":8,"mainDocument":32,"columnUrl":34,"subscription":35,"footer":47,"text":82},{"isAuthenticated":5,"isAdmin":5,"displayName":6,"avatarUrl":6,"nid":6,"groupLevel":7},false,"",-10,{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":21,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":28,"videoId":6,"liveVideoUrl":6,"duration":29,"price":29,"priceText":30,"priceBadgeText":30,"priceBadgeClass":31,"freeForMinGroupLevel":29,"redirectUrl":6,"readyToStream":5},"dcio0f85da8f","AMD和SMCI财报后重挫，发生了什么？","\u002Fdoc\u002Famd和smci财报后重挫发生了什么_2025978925","col18178739ee","美股资讯","\u002Fcol\u002Fcol18178739ee","\u003Csection>\n\u003Csection>\n\u003Cp>毫无疑问今日市场的焦点都集中在了盘后公布财报的AMD、SMCI身上。\u003C\u002Fp>\n\u003Cp> \u003C\u002Fp>\n\u003Cp>对于AMD来说，虽然一季报表现优于预期，数据中心收入激增，这主要得益于AI芯片销售的大幅增长，同时其客户端收入也因PC市场的复苏而同比增长80%。\u003C\u002Fp>\n\u003Cp> \u003C\u002Fp>\n\u003Cp>然而，让人略感失望的是，尽管公司对下一季度的营收预期“符合预期”，却没有为市场带来惊喜。\u003C\u002Fp>\n\u003Cp> \u003C\u002Fp>\n\u003Cp>特别是在AI加速器芯片市场，尽管AMD将其年销量预期调整至40亿美元，但这一数字与市场此前普遍预期的60亿美元相比，显得有些寒酸。\u003C\u002Fp>\n\u003Cp> \u003C\u002Fp>\n\u003Cp>这种差距无疑引发了市场的一阵失望情绪，尤其是与其主要竞争对手英伟达相比，AMD的表现似乎还远未达到市场的高期待。这种表现使得AMD在芯片市场的竞争格局中显得有些力不从心，凸显了它在追赶行业领头羊的艰巨挑战。\u003C\u002Fp>\n\u003Cp> \u003C\u002Fp>\n\u003Cp>由此，盘后股价的大幅下滑超过8%，似乎反映了投资者对公司在激烈的市场竞争中可能处于劣势的担忧。\u003C\u002Fp>\n\u003Cp>\u003Cimg style=\"display: block; margin-left: auto; margin-right: auto;\" src=\"https:\u002F\u002Fmmbiz.qpic.cn\u002Fmmbiz_png\u002FLYR4v3CUssrI79164OZc28ncic0psF1VLOdP2SK1vx1HWRXyia3J82ruiatjZCkPjQerFx4LAEXoJCKjY0mlnbjCw\u002F640?wx_fmt=png&from=appmsg&tp=webp&wxfrom=5&wx_lazy=1&wx_co=1\" alt=\"图片\">\u003C\u002Fp>\n\u003C\u002Fsection>\n\u003Csection>\n\u003Cp>在我们昨日的公众号文章中，我们已经非常详尽地提示了AMD面临的三大风险因素，并深入讨论了其与英伟达之间的技术和市场竞争差距。\u003C\u002Fp>\n\u003Cp> \u003C\u002Fp>\n\u003Cp>\u003Cstrong>文章回顾：\u003C\u002Fstrong>\u003Ca href=\"http:\u002F\u002Fmp.weixin.qq.com\u002Fs?__biz=MjM5ODU5NjIzMg==&mid=2917145462&idx=1&sn=2fa1d21df5333a84f29f030f42381d82&chksm=8edce091b9ab6987e78351f36216c0d6552081da855a418b0c24c5d2fef1ea0d66a866abd045&scene=21#wechat_redirect\" target=\"_blank\" rel=\"noopener\" data-itemshowtype=\"0\" data-linktype=\"2\">\u003Cstrong>美股 AMD 亚马逊 SMCI 财报预测分析\u003C\u002Fstrong>\u003C\u002Fa>\u003C\u002Fp>\n\u003Cp> \u003C\u002Fp>\n\u003Cp>\u003Cem>\u003Cstrong>财务概览：\u003C\u002Fstrong>\u003C\u002Fem>\u003C\u002Fp>\n\u003Cp> \u003C\u002Fp>\n\u003Cp>\u003Cstrong>营收：\u003C\u002Fstrong>AMD一季度的营收达到了54.7亿美元，较上年同期的53.5亿美元增长了2%，略高于市场预期的54.5亿美元。尽管如此，这一数字仍低于去年四季度的61.7亿美元。\u003C\u002Fp>\n\u003Cp>\u003Cstrong>每股收益（EPS）：\u003C\u002Fstrong>调整后的每股收益为0.62美元，超出市场预期的0.61美元，并高于去年同期的0.60美元。在GAAP基础上，一季度的净利润为1.23亿美元，或每股0.07美元，而去年同期则为净亏损1.39亿美元或每股亏损0.09美元。\u003C\u002Fp>\n\u003Cp> \u003C\u002Fp>\n\u003Cp>\u003Cem>\u003Cstrong>业绩指引：\u003C\u002Fstrong>\u003C\u002Fem>\u003C\u002Fp>\n\u003Cp>对于2023年第二季度，AMD预计营收约为57亿美元，浮动区间±3亿美元，这意味着同比增长约6%，环比增长约4%，\u003Cstrong>基本持平市场预期的57.2亿美元。\u003C\u002Fstrong>非GAAP的毛利率预计将提升到53%。\u003C\u002Fp>\n\u003Cp> \u003C\u002Fp>\n\u003Cp>\u003Cem>\u003Cstrong>业务细分表现：\u003C\u002Fstrong>\u003C\u002Fem>\u003C\u002Fp>\n\u003Cp>\u003Cstrong>数据中心和PC客户端：\u003C\u002Fstrong>这两个部门的收入均同比激增80%，数据中心营收创新高，并显示出加速增长的态势。\u003C\u002Fp>\n\u003Cp>\u003Cstrong>游戏中心：\u003C\u002Fstrong>相比之下，游戏事业部的表现不佳，收入同比大幅下降48%，环比也下滑了33%，至9.22亿美元，远低于市场预期的9.64亿美元。\u003C\u002Fp>\n\u003Cp>\u003Cimg style=\"display: block; margin-left: auto; margin-right: auto;\" src=\"https:\u002F\u002Fmmbiz.qpic.cn\u002Fmmbiz_png\u002FLYR4v3CUssrI79164OZc28ncic0psF1VL533ickVpKZae6p2pEmpl3mzs8SK2jDWiaC0m3AJnrBoLpXibX6Bwf8zwg\u002F640?wx_fmt=png&from=appmsg&tp=webp&wxfrom=5&wx_lazy=1&wx_co=1\" alt=\"图片\" width=\"807\" height=\"634\">\u003C\u002Fp>\n\u003C\u002Fsection>\n\u003Cp>而对于SMCI上调了全年盈利预期，表明对未来业绩的信心，其股价表现却极不稳定，先是在乐观预期推动下上涨超过10%，随后因市场疑虑迅速下跌近12%。这种剧烈波动可能反映了投资者对于盈利持续性的担忧，以及在当前高波动性市场环境下对任何不确定信息的敏感反应。\u003C\u002Fp>\n\u003Csection>\n\u003Csection>\u003Cimg style=\"display: block; margin-left: auto; margin-right: auto;\" src=\"https:\u002F\u002Fmmbiz.qpic.cn\u002Fmmbiz_png\u002FLYR4v3CUssrI79164OZc28ncic0psF1VLWtTkCMBnWQpaQEAzQfbpfuuvm3y8u3F9wibgXn5DdgicFBYuFQHsWBwg\u002F640?wx_fmt=png&from=appmsg&tp=webp&wxfrom=5&wx_lazy=1&wx_co=1\" alt=\"图片\">\u003C\u002Fsection>\n\u003C\u002Fsection>\n\u003Csection>\n\u003Cp>\u003Cstrong>在我们昨日的文章中，我们指出了市场对SMCI抱有极高的期望。在这种高压环境下，公司的每一个小的不符预期都可能引发市场的敏感反应，导致股价急剧下跌。\u003C\u002Fstrong>\u003C\u002Fp>\n\u003Cp> \u003C\u002Fp>\n\u003Cp>\u003Cstrong>与此同时我们还在VIP群告知所有会员，AMD与SMCI的财报不会很好，让大家警惕！\u003C\u002Fstrong>\u003C\u002Fp>\n\u003C\u002Fsection>\n\u003Csection>\n\u003Csection>\u003Cimg style=\"display: block; margin-left: auto; margin-right: auto;\" src=\"https:\u002F\u002Fmmbiz.qpic.cn\u002Fmmbiz_png\u002FLYR4v3CUssrI79164OZc28ncic0psF1VLZqkPSFWWhwKs5NPXiaEGwCLjBAfFqyl6OicavDzVQrVWFWTDmDKZABwg\u002F640?wx_fmt=png&from=appmsg&tp=webp&wxfrom=5&wx_lazy=1&wx_co=1\" alt=\"图片\" width=\"556\" height=\"552\">\u003C\u002Fsection>\n\u003C\u002Fsection>\n\u003Csection>\n\u003Cp>\u003Cem>\u003Cstrong>财报概览：\u003C\u002Fstrong>\u003C\u002Fem>\u003C\u002Fp>\n\u003Cp> \u003C\u002Fp>\n\u003Cp>\u003Cstrong>营收：\u003C\u002Fstrong>公司本季度营收达到38.5亿美元，相比去年同期的12.8亿美元实现了三倍增长，也超过了市场预期的39.89亿美元。\u003C\u002Fp>\n\u003Cp>\u003Cstrong>净利润：\u003C\u002Fstrong>净利润为4.02亿美元，大幅超过上年同期的8600万美元和市场预期的3.5238亿美元，展示了公司的强大盈利能力。\u003C\u002Fp>\n\u003Cp>\u003Cstrong>每股收益：\u003C\u002Fstrong>稀释后每股收益从去年同期的1.53美元飙升至6.56美元，远超预期的5.84美元。\u003C\u002Fp>\n\u003Cp>\u003Cstrong>毛利率：\u003C\u002Fstrong>尽管毛利率小幅下降至15.5%，仍表现出较高的行业竞争力。\u003C\u002Fp>\n\u003Cp>\u003Cstrong>经营现金流：\u003C\u002Fstrong>达到15.2亿美元，反映出公司良好的现金流管理。\u003C\u002Fp>\n\u003Cp>\u003Cstrong>未来展望：\u003C\u002Fstrong>公司将2024财年的营收预期上调至147亿至151亿美元。\u003C\u002Fp>\n\u003C\u002Fsection>\n\u003Csection>\n\u003Csection>\u003Cimg style=\"display: block; margin-left: auto; margin-right: auto;\" src=\"https:\u002F\u002Fmmbiz.qpic.cn\u002Fmmbiz_png\u002FLYR4v3CUssrI79164OZc28ncic0psF1VLxUYBH4eTTl6aQN5AGfgzCFGR3WKUsIb5Ne3nkhZTbGVib65fyarh1eQ\u002F640?wx_fmt=png&from=appmsg&tp=webp&wxfrom=5&wx_lazy=1&wx_co=1\" alt=\"图片\" width=\"530\" height=\"238\">\u003C\u002Fsection>\n\u003C\u002Fsection>\n\u003Csection>\n\u003Cp>今日盘后英伟达跌1.67%，上周五我们文章表示过，AMD和SMCI的财报结果对于英伟达来讲是一个严峻的考验。\u003C\u002Fp>\n\u003Cp> \u003C\u002Fp>\n\u003Cp>\u003Cstrong>文章回顾：\u003C\u002Fstrong>\u003Ca href=\"http:\u002F\u002Fmp.weixin.qq.com\u002Fs?__biz=MjM5ODU5NjIzMg==&mid=2917145365&idx=1&sn=7ea601a3a116bcc09fe37e1d2a80aef0&chksm=8edce0f2b9ab69e4d21a44a516f3a61f8d43a034447d9f1c3823861a97edf421bbc3257c4d61&scene=21#wechat_redirect\" target=\"_blank\" rel=\"noopener\" data-itemshowtype=\"0\" data-linktype=\"2\">\u003Cstrong>英伟达强势回归！市值暴增2000亿，下周面临重大考验\u003C\u002Fstrong>\u003C\u002Fa>\u003C\u002Fp>\n\u003C\u002Fsection>\n\u003C\u002Fsection>","https:\u002F\u002Fstockwewebfiles.blob.core.windows.net\u002Fweb-202405-stk\u002Fghixprbiy31.jpg","2024-05-01T01:33:55.167","2024.05.01","2024\u002F05\u002F01",11372,[22,23,24,25,26,27],"AMD","SMCI","财报","人工智能","AI","NVDA","Article",0,"免费","success",{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":33,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":28,"videoId":6,"liveVideoUrl":6,"duration":29,"price":29,"priceText":30,"priceBadgeText":30,"priceBadgeClass":31,"freeForMinGroupLevel":29,"redirectUrl":6,"readyToStream":5},[22,23,24,25,26,27],"\u002Fcol\u002Fstocknews",{"visible":5,"marketingHtml":36,"services":37,"recentDocuments":46},"\u003Cfigure class=\"image\">\u003Ca href=\"https:\u002F\u002Fstockwe.com\u002Fdoc\u002Fdcio537efad5\" target=\"_blank\" rel=\"noopener noreferrer\">\u003Cimg style=\"display:block;margin-left:auto;margin-right:auto;\" src=\"https:\u002F\u002Fstockwewebfiles.blob.core.windows.net\u002Fweb-202408-stk\u002F1586109431mceclip0.jpg\">\u003C\u002Fa>\u003C\u002Ffigure>\u003Cdiv class=\"text-center\">\u003Ch2 class=\"card-title mx-auto\">\u003Cbr>\u003Ca target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\u002F\u002Fstockwe.com\u002Fdoc\u002Fdcio537efad5\">案例介绍：英伟达深度研究报告\u003C\u002Fa>\u003C\u002Fh2>\u003C\u002Fdiv>",[38,42],{"productId":39,"serviceName":40,"priceText":41},"prod_PPxdDdK87QaiLv","月付","$12.95美元",{"productId":43,"serviceName":44,"priceText":45},"prod_PPxeMs3bix1da5","年付","$149.00美元",[],{"links":48,"images":73,"summaryHtml":78,"aboutTitle":79,"aboutHtml":80,"copyrightHtml":81},[49,52,55,58,61,64,67,70],{"label":50,"url":51},"深度报告","\u002Fcol\u002FdepthReport",{"label":53,"url":54},"VIP会员","\u002Fplan",{"label":56,"url":57},"期权推荐","\u002FOption",{"label":59,"url":60},"低价暴涨股","\u002FPenny",{"label":62,"url":63},"常见问题","https:\u002F\u002Fstockwe.com\u002FFAQ",{"label":65,"url":66},"美股课程","\u002Fcol\u002Fvideos",{"label":68,"url":69},"免责声明","\u002Fdisclaimer",{"label":71,"url":72},"联系我们","\u002FContactUs",[74,75,76,77],"https:\u002F\u002Fstockwebsiteblob.blob.core.windows.net\u002Fweb-202509-stk\u002FUploaderzic2tuwsol2_2025_09_11_18_21_07.gif","https:\u002F\u002Fstockwebsiteblob.blob.core.windows.net\u002Fweb-202509-stk\u002FUploadercakzdvydksw_2025_09_03_09_00_56.png","https:\u002F\u002Fstockwebsiteblob.blob.core.windows.net\u002Fweb-202509-stk\u002FUploadergtjyagwvoyk_2025_09_14_08_32_05.png","https:\u002F\u002Fstockwebsiteblob.blob.core.windows.net\u002Fweb-202509-stk\u002FUploader3u0tt4jhlqh_2025_09_23_22_30_48.png","邮箱: buy@TradesMax.com 美国电话 626-378-3637","公司介绍","\u003Cp class=\"MsoNormal\">美股大数据 StockWe.com 是一个美国领先的金融和美股信息大数据提供商，紧盯华尔街金融市场和行情，2008年成立于美国硅谷，创始人是前纽约证券交易所资深分析师Ken，联合多位摩根斯坦利分析师，谷歌 Meta工程师利用AI和大数据，配合十多年美股实战经验和业内量化交易模型，每天处理千万级股票数据：挖掘潜力大牛股，捕捉期权异动大单，实时主力资金流向、机构持仓变化、川普突发新闻，精准买卖信号第一时间发到您手机APP。\u003C\u002Fp>","专业美股投资者都在这里",{"loading":83,"search":84,"searchPlaceholder":84,"hotContent":85,"draft":86,"noData":87,"searchNoData":88,"edit":89,"editVideo":90,"courseContent":91,"more":92,"buyNow":93,"subscribeNow":94,"encoding":95,"paidContent":96},"Loading...","搜索","热门内容","草稿","目前没有任何内容公布","当前检索内容没有数据","编辑","编辑视频","课程内容","更多","立即购买后观看","- 立即订阅 -","视频编码中...","付费内容"]