[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"content-doc-dcio371598c2":3},{"user":4,"document":8,"mainDocument":27,"columnUrl":29,"subscription":30,"footer":42,"text":77},{"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":23,"videoId":6,"liveVideoUrl":6,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},"dcio371598c2","美股AMD股价近日大跌原因","\u002Fdoc\u002Fdcio371598c2","col18178739ee","美股资讯","\u002Fcol\u002Fcol18178739ee","\u003Cp>美股AMD股价下跌的原因是多个因素正对AMD的股价造成压力。该股在11月份下跌了近23%，完全抹去了本月早些时候备受好评的投资者日活动后的涨幅。投资者对从成本压力、利率到人工智能领域快速变化的竞争格局等所有问题都感到担忧。\u003C\u002Fp>\u003Cp>AMD在其投资者日上公布了乐观的预测，但伯恩斯坦分析师斯泰西·拉斯贡在活动后表示，“真实的前景仍然取决于公司能否利用其首个机架级解决方案‘Helios’，在AI市场中成为更大、更具竞争力的参与者。”\u003C\u002Fp>\u003Cp>“这一点尚无定论，但管理层显然在主动引导市场叙事，”拉斯贡当时在一份报告中写道。\u003C\u002Fp>\u003Cp>Mizuho的交易部门分析师乔丹·克莱因周一指出，AMD的股价在那次重大活动后经历了快速的涨跌。他表示，这一走势显示存在‘大量意志不坚定的短线交易者’，因为‘动量投资者撤离了’，而其他希望削减半导体和AI资产持仓的投资者可能将AMD视为同业股票中“最不安全的长期押注”。\u003C\u002Fp>\u003Cp>AMD股价在11月至今下跌23%，正走向自2022年9月下跌25%以来最差的月度表现。\u003C\u002Fp>\u003Cp>AMD并非唯一感受到压力的股票。随着市场对超大规模企业在AI资本支出可持续性的担忧加剧，整个科技板块在最近几周都出现了回调。华尔街也不确定美联储是否会在下个月的会议上降息，这一决定对依赖增长且对借贷成本敏感的科技股影响重大。\u003C\u002Fp>\u003Cp>克莱因还指出，供应紧张的内存市场价格上涨也是担忧的原因之一。他表示，AMD的个人电脑部门今年迄今表现良好，但如果明年内存价格上涨抑制了消费需求，该业务可能“面临风险”。这暗示PC制造商可能不得不提价以抵消组件成本，从而吓退部分买家。\u003C\u002Fp>\u003Cp>克莱因还表示，投资者可能也在担忧ChatGPT使用量和下载量的放缓。ChatGPT的制造商OpenAI在10月宣布了一项协议，将在其AI基础设施建设中部署价值60亿瓦的AMD系统。该合作预计将于2026年下半年开始，届时将部署AMD即将推出的MI450芯片。\u003C\u002Fp>\u003Cp>与此同时，OpenAI正面临来自阿尔法字母公司日益激烈的竞争。谷歌最近发布了其最新的Gemini 3 AI模型，并称其在某些任务上超越了ChatGPT 5.1和Anthropic的Claude Sonnet 4.5。\u003C\u002Fp>\u003Cp>$谷歌-A (GOOGL.US)$ 股价周二上涨超过1.5%，此前媒体报道称 $Meta Platforms (META.US)$ 有兴趣在其数据中心中使用谷歌的张量处理单元。谷歌使用其TPU已有约十年历史，用于其搜索和YouTube算法，并一直用这些芯片训练其Gemini模型。但是，这种作为AMD和英伟达图形处理器竞争产品的芯片，其外部兴趣增长的前景似乎惊吓了后两家公司的投资者。\u003C\u002Fp>\u003Cp>AMD在6月的年度Advancing AI活动上曾表示，Meta使用其Instinct MI300X芯片来运行Llama 3和Llama 4模型，并且这家科技巨头还将使用其当前的MI350系列及后续几代AMD加速器。\u003C\u002Fp>\u003Cp>“如果AMD的投资者基础如此恐慌和担忧，那么这只股票在进入明年时将面临问题，”克莱因在周一的报告中写道。\u003C\u002Fp>\u003Cp>拉斯贡在周二的一份报告中表示，关于Meta可能使用谷歌芯片的报道对AMD感觉“更加负面”，考虑到AMD正努力成为除英伟达之外的另一可靠选择，并且其与OpenAI建立了合作伙伴关系。\u003C\u002Fp>\u003Cp>“在一个假设Gemini主导了市场而TPU被证明对更广泛的AI客户群体是可行的第二来源的世界里，投资者还会像以前一样渴望支持AMD到2030年的目标吗？”拉斯贡质疑道。\u003C\u002Fp>\u003Cp>与此同时，韦德布什分析师丹·艾夫斯在周二的一份报告中将AMD列为“AI革命中十大首选科技股”之一。艾夫斯表示，AMD“将在AI军备竞赛中获得市场份额”，并补充说该股具有“引人注目的估值”。\u003C\u002Fp>\u003Cp>“我们相信这是1996年那样的关键时刻……而不是1999年的泡沫时刻，尽管近期投资者存在看跌恐惧，我们仍然坚定看好科技股直至年底和2026年，”艾夫斯表示。\u003C\u002Fp>","https:\u002F\u002Fstockwebsiteblob.blob.core.windows.net\u002Fweb-202511-stk\u002FUploaderlbe0zcaaqnj_2025_11_27_00_51_54.jpg","2025-11-27T08:50:27.483","2025.11.27","2025\u002F11\u002F27",49067,[22],"AMD","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":28,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":23,"videoId":6,"liveVideoUrl":6,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},[22],"\u002Fcol\u002Fstocknews",{"visible":5,"marketingHtml":31,"services":32,"recentDocuments":41},"\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>",[33,37],{"productId":34,"serviceName":35,"priceText":36},"prod_PPxdDdK87QaiLv","月付","$12.95美元",{"productId":38,"serviceName":39,"priceText":40},"prod_PPxeMs3bix1da5","年付","$149.00美元",[],{"links":43,"images":68,"summaryHtml":73,"aboutTitle":74,"aboutHtml":75,"copyrightHtml":76},[44,47,50,53,56,59,62,65],{"label":45,"url":46},"深度报告","\u002Fcol\u002FdepthReport",{"label":48,"url":49},"VIP会员","\u002Fplan",{"label":51,"url":52},"期权推荐","\u002FOption",{"label":54,"url":55},"低价暴涨股","\u002FPenny",{"label":57,"url":58},"常见问题","https:\u002F\u002Fstockwe.com\u002FFAQ",{"label":60,"url":61},"美股课程","\u002Fcol\u002Fvideos",{"label":63,"url":64},"免责声明","\u002Fdisclaimer",{"label":66,"url":67},"联系我们","\u002FContactUs",[69,70,71,72],"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":78,"search":79,"searchPlaceholder":79,"hotContent":80,"draft":81,"noData":82,"searchNoData":83,"edit":84,"editVideo":85,"courseContent":86,"more":87,"buyNow":88,"subscribeNow":89,"encoding":90,"paidContent":91},"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"]