companies / NASDAQ
Advanced Micro Devices
GPU + CPU designer. Owns the MI400/MI450 series spec, Pensando NIC/DPU silicon, and the Helios open-rack reference architecture.
近 30 天股價
市值 $808.39B
最新估值
AMD full-company DCF using AMD 10-K FY2024 + Q1 2025 results, with MI400-series anchors applied as hard overrides on Data Center revenue in 2026 H2 (MI450: 50k units × $22k = ~$1.10B) and 2027 H1 (MI455X: 15k × $28k = ~$0.42B). Both anchors are flagged rumor-tier in the weilab DB. Base WACC ≈ 13.19% (Ke from CAPM rf 4.30% + β 1.65 × ERP 5.5%; debt weight only 2%). Terminal g = 3.0%. The model projects 5y revenue CAGR ~20% with Data Center leading (12.6B → ~47B by 2030), margin expansion from 49% → 59% gross and EBITDA margin landing ~38.5% terminal. Implied EV ~$157B, equity ~$160B, base implied share price $97.56. This is materially below the $449.44 reference, implying ~78% downside. The gap reflects (a) consensus pricing in 50%+ DC CAGR for many more years than our 5y window, and (b) WACC penalty from β 1.65. Confidence is low — the rumor-tier MI400 anchors only swing the model by ~$3–5/share, so the gap is structural (margin trajectory + terminal multiple), not anchor-driven. Sensitivity shows even the bullish corner (WACC 11.19%, g 4.0%) only reaches $135.97.
看歷史估值 →在 BOM 上的位置
- 1°Pensando Vulcano 800 AI NIC· 99%
- 1°Pensando Salina 400 DPU· 99%
- design_ownerMI450 GPU die· 99%
- design_ownerEPYC Venice CPU· 99%
- 1°Pensando Vulcano 800 AI NIC· 99%
- 1°Pensando Salina 400 DPU· 99%
- design_ownerMI455X GPU die· 99%
- design_ownerEPYC Venice CPU· 99%
- design_ownerUALink scale-up fabric· 99%
題材歸屬
在 research 中被提到
- MI455X Helios 機架——AMD 第一個正面對打 NVL72 的 rack-scale 系統
## 為什麼 Helios 是 AMD 的反擊起點 MI300X 雖然在 2024 拿到第一波 AI 訂單，但只是 8-GPU 單機方案，沒辦法跟 NVIDIA GB200 NVL72 那種 rack-scale 系統正面比。CES 2026 AMD 公開 Helios…
- Google TPU v8 / v9 供應鏈拆解（Sunfish / Zebrafish 與第九代展望）
… ASE / SPIL） - **Broadcom 15 萬片（15%）**——其中分給 Google TPU 的是 **8.5 萬片 TSMC + 0.5 萬片 ASE/SPIL**，分給 Meta 5 萬片、OpenAI 1 萬片 - AMD 10.5 萬片 - Amazon（透過 Alchip）5 萬片 - **MediaTek 為 Google 另外保留 2 萬片**（原本只有 1 萬片，因 v7e 需求翻倍上修）[Trendforce, 2025-12-15] 把…
- 光聖科技 (6442.TWO)：從光纖被動元件到 CPO 矽光子主動光源
…PU 機架（hyperscaler scale-out）"] direction LR otherR[其他 NVL576] otherT[Google TPU] otherM[AMD MI 機架] end %% 唯一 accent：合聖 sub-tier 候選位 — 暖橘提示「未出貨」 classDef accent fill:#fef3e2,stroke:#c2410c,color:#7c2d…
財報 highlight
| 期別 | Revenue | Gross profit | Operating income | EPS | 毛利率 | 營益率 | YoY | QoQ | Source |
|---|---|---|---|---|---|---|---|---|---|
| 2026Q1 | $10.25B | $0 | — | — | 0.0% | — | +37.80% | -0.17% | yahoo-finance2 |
| 2025Q4 | $10.27B | $0 | — | — | 0.0% | — | — | +11.08% | yahoo-finance2 |
| 2025Q3 | $9.25B | $0 | — | — | 0.0% | — | — | +20.31% | yahoo-finance2 |
| 2025Q2 | $7.69B | $0 | — | — | 0.0% | — | — | — | yahoo-finance2 |
法說 / IR events
競爭對手
相關公司
在 BOM 上跟該公司同列出現的廠商 — 可能是同層 supplier、補位 source、或客戶端，不一定是競爭關係。
新聞 timeline
- Advanced Micro Devices Inc. (AMD) Stock Price Today2026-07-17 · wsj.com
Advanced Micro Devices, Inc. engages in the semiconductor business. Its products include processors, accelerators, graphics, adaptive SoCs, FPGAs, and SOMs,
- AMD2026-07-17 · en.wikipedia.org
+ 2.1 CPUs and APUs. - 2.1.6 Zen-based CPUs and APUs. + 2.2 Graphics products and GPUs. * 2.4.2.1 Embedded CPUs. - 2.4.3 AMD FPGAs. + 5.4 Litigation with Intel. # AMD. | Products | * AMD CPUs * AMD GPUs * AMD FPGAs |. **Advanced Micro Devices, Inc.** (**AMD**) is an American multinational semiconductor company headquartered in Santa Clara, California. AMD's main products include microprocessors, embedded processors, and graphics processors for servers "Server (computing)"), workstations, PCs, and embedded system applications, as well as chipsets for motherboards. AMD's processors are used in a wide range of computing devices, including PCs, servers, laptops, and gaming consoles. In 1975, AMD entered the microprocessor market, competing with Intel, its main rival in the industry. In the ear
- AMD: Advanced Micro Devices Inc - Stock Price, Quote and News2026-07-17 · cnbc.com
# Advanced Micro Devices Inc AMD:NASDAQ. ## Latest On Advanced Micro Devices Inc. * Tuesday's biggest analyst calls: Nvidia, SK Hynix, Apple, SpaceX, Broadcom, AMD, Netflix & moreCNBC.com. * Top Wall Street analysts are confident about these 3 stocks for the long haulCNBC.com. * The Club's top 10 things to watch in the stock market FridayCNBC.com. * Watch CNBC’s full discussion with the ‘Squawk on the Street’ crewCNBC VideoCNBC.com. * BlackRock says the China AI play is stock-specific, not a regional tradeCNBC.com. * Net Margin (TTM)13.10%. * Perplexity Picks Nvidia’s (NVDA) Vera Chip Over Intel and AMD After AI Speed Tests Vera Chip Over Intel and AMD After AI Speed Tests")TipRanks. Watch CNBC’s full discussion with the ‘Squawk on the Street’ crew. Advanced Micro Devices, Inc. is a global
- Advanced Micro Devices, Inc. (AMD) | Business and Management2026-07-17 · ebsco.com
(AMD) is a prominent semiconductor and technology company founded in 1969 and headquartered in Sunnyvale, California. The company operates through two main segments: the Computing and Graphics section, which is well-known for its microprocessors, and the Enterprise, Embedded, and Semi-Custom segment, which serves various industries, including gaming and medical devices. Despite being a significant player in the tech industry, AMD holds a smaller market share compared to its main competitor, Intel. The company has a history of innovation and expansion, including crucial acquisitions like the Canadian graphics company ATI and the development of original chip designs. Throughout its history, AMD has faced financial challenges but has consistently sought to improve its standing through new pro
- About AMD2026-07-17 · amd.com
## Our Company. AMD is the high performance and adaptive computing leader, powering the products and services that help solve the world’s most important challenges. AMD has grown into a global company setting the standard for modern computing, with many important industry firsts and major technological achievements along the way. High performance and adaptive computing is transforming our lives. From advancing high-performance and energy-efficient computing to cultivating an innovative, inclusive workforce, we are committed to driving the computing industry forward responsibly. Our executive team continues to build a culture of execution excellence and inclusiveness of diverse perspectives while pushing the limits of innovation. AMD Research is the leading industry research lab where great