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) | Business and Management | Research Starters | EBSCO Research2026-08-02 · ebsco.com
Advanced Micro Devices, Inc. (AMD) is a prominent semiconductor and technology company founded in 1969 and headquartered in Sunnyvale, California. AMD specializes in manufacturing microprocessors, graphics processing units (GPUs), and solid-state drives, catering to consumer, commercial, and professional markets. 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, [...] Advanced Micro Devices, Inc. (AMD) is a publicly traded semiconductor and technology producer based in Santa Clara, California. The company was founded in 1969, and in the twenty-first century, the company sells various products, including microprocessors, graphics processing units (GPUs), smar
- AMD - Advanced Micro Devices | Stock Quotes from Fidelity Investments2026-08-02 · digital.fidelity.com
Advanced Micro Devices, Inc. operates as a semiconductor company internationally. It operates in three segments: Data Center, Client and Gaming, and Embedded. The company offers artificial intelligence (AI) accelerators, microprocessors, and graphics processing units (GPUs) as standalone devices or as incorporated into accelerated processing units, chipsets, and data center and professional GPUs; and embedded processors and semi-custom system-on-chip (SoC) products, microprocessor and SoC [...] The company was incorporated in 1969 and is headquartered in Santa Clara, California. [...] Wealth Management Offerings Financial Advisors Financial Planning Investment Management Wealth Management Insights News & Research News Wealth Management Insight
- AMD2026-08-02 · en.wikipedia.org
Advanced Micro Devices, Inc. (AMD) is an American multinational semiconductor company headquartered in Santa Clara, California. It develops central processing units (CPUs), graphics processing units (GPUs), field-programmable gate arrays (FPGAs), system-on-chips (SoCs), and high-performance computer components. AMD serves a wide range of business and consumer markets, including personal computers (PCs), gaming, data centers, and embedded systems. [...] For other uses, see AMD (disambiguation) "AMD (disambiguation)"). Not to be confused with Advanced Micro Foundry. Advanced Micro Devices, Inc. [...] based on AMD's second-source Zilog Z8000 microprocessors. When the two companies' vision for Advanced Micro Computers diverged, AMD bought out Siemens' stake in the American division in 1979.
- Advanced Micro Devices, Inc. (AMD) Stock Price, News, Quote & History - Yahoo Finance2026-08-02 · finance.yahoo.com
Advanced Micro Devices, Inc. operates as a semiconductor company internationally. It operates in three segments: Data Center, Client and Gaming, and Embedded. The company offers artificial intelligence (AI) accelerators, microprocessors, and graphics processing units (GPUs) as standalone devices or as incorporated into accelerated processing units, chipsets, and data center and professional GPUs; and embedded processors and semi-custom system-on-chip (SoC) products, microprocessor and SoC [...] Artix UltraScale+, Spartan-6, and Spartan-7 brands; adaptive SOCs under the Zynq-7000, Zynq UltraScale+ MPSoC, Zynq UltraScale+ RFSoCs, Versal HBM, Versal Premium, Versal Prime, Versal AI Core, Versal AI Edge, Vitis, and Vivado brands; and compute and network acceleration board products under the Al
- AMD: Advanced Micro Devices Inc - Stock Price, Quote and News2026-08-02 · cnbc.com
### Profile MORE Advanced Micro Devices, Inc. is a global semiconductor company. The Company is focused on high-performance computing and artificial intelligence (AI). Its segments include Data Center, Client and Gaming, and Embedded. Data Center segment includes AI accelerators, microprocessors (CPUs) for servers, graphics processing units (GPUs), accelerated processing units (APUs), data processing units (DPUs), Field Programmable Gate Arrays (FPGAs), and Adaptive system-on-Chip (SoC)... [...] Lisa Su Ph.D. Chairman of the Board, President, Chief Executive Officer Jean Hu Chief Financial Officer, Executive Vice President, Treasurer Forrest Norrod Executive Vice President, General Manager - Data Center Solutions Business Unit Philip Guido Executive Vice President, Chief Commercia