In a bid to bolster its competitiveness in the artificial intelligence (AI) arena, Advanced Micro Devices (NASDAQ: AMD) acquired ZT Systems for nearly $5 billion on August 19.This acquisition aims to bolster AMD’s position in a fight with Nvidia (NASDAQ: NVDA). ZT Systems is tasked with providing hardware solutions for cloud systems to companies like Microsoft (NASDAQ: MSFT) and enhancing AMD’s GPU-producing capabilities.Amid such a huge deal, Finbold decided to use AI, more precisely ChatGPT-4o from OpenAI ...

文章核心观点 - AMD正在以49亿美元的现金加股票交易收购服务器制造商ZT Systems,以增强其人工智能能力,以更好地与英伟达竞争 [2][5][6] - 交易完成后,ZT Systems的服务器制造业务将被AMD出售,这是在科技和其他领域的并购交易受到拜登政府更密切审查的背景下进行的 [3][7] - ZT Systems是一家总部位于新泽西州塞考卡斯的私营公司,专门为云计算公司设计和推出数据中心和存储基础设施系统,交易还包括最高4亿美元的或有付款 [4] 公司相关 - AMD正在加大对人工智能能力的投资,在过去一年中投资超过10亿美元来扩大其人工智能生态系统并增强其人工智能软件能力 [5] - 一旦AMD与ZT Systems的交易完成,ZT Systems将加入AMD数据中心解决方案业务部门,AMD表示将寻找买家收购其美国数据中心基础设施制造业务 [7] - 该交易已获得AMD董事会批准,预计将于明年上半年完成,AMD股价在市场开盘前上涨超过3% [7] 行业相关 - 这次交易是在科技和其他领域的并购交易受到拜登政府更密切审查的背景下进行的 [3] - 英伟达在为人工智能应用提供芯片方面经历了近乎无法满足的需求,AMD正试图通过这次收购来更好地与之竞争 [6]

Key TakeawaysAdvanced Micro Devices jumped Monday on news the chipmaker beefed up its AI portfolio with a $4.9 billion purchase of data center infrastructure provider ZT systems.AMD shares have recently trended higher from the lower trendline of a descending channel, though trading volumes have remained below-average throughout the majority of the move, indicating a lack of conviction by larger market participants.AMD shares may find support at key chart levels including $150 and $122, but encounter resista ...

业绩总览：营收、利润均超预期 - AMD 2024Q2 营收 58 亿美元,同比增长 8.9%,环比增长 6.6% [14][17] - 2024Q2 GAAP 毛利润环比增长 11.9%,同比增长 17.2% [15][16] - 2024Q2 NON-GAAP 净利润约 11.26 亿美元,同比增长 18.8% [18][19] 分板块营收表现 - 数据中心业务表现强劲,收入达 28 亿美元,同比增长 115% [20] - 客户端业务有所回升,收入 15 亿美元,同比增长 49%,环比增长 9% [20] - 游戏及嵌入式业务持续承压,收入为 8.61 亿美元,同比下降 41% [20] 费用及支出 - 研发开支同比放缓,GPU 芯片迭代周期保持稳定 [29] - 研发开支率略有下调但仍居高位,销售与管理费用依旧平稳 [25][26][27] 盈利预测与投资建议 - 小幅调整公司 FY2024E-FY2026E 营收和净利润预测 [31] - 基于 FY2025 P/E 30x,给予 FY2025 目标价 178 美元,维持"增持"评级 [31] 风险提示 - AI 算力需求不及预期 - 行业竞争加剧 - 产品研发不及预期 - 宏观经济环境波动 [61]

Key TakeawaysThe S&P 500 gained 1% on Monday, Aug. 19, securing its eighth straight winning session ahead of this week's Jackson Hole Economic Symposium.AMD shares moved higher after the chipmaker said it would acquire server manufacturer ZT Systems.Shares of printer and PC maker HP lost ground following a downgrade by analysts at Morgan Stanley, who cited limited upside potential. Major U.S. equities indexes moved higher to open a new trading week. Over the next few days, investors will likely scrutinize c ...

文章核心观点 - AMD计划以49亿美元收购私营技术公司ZT Systems [1][2] - 此次收购有助于AMD在人工智能领域与英伟达(NVDA)竞争 [2] - ZT Systems专注于数据中心基础设施,这对人工智能生态系统至关重要 [2][3][4] ZT Systems概况 - ZT Systems成立于1994年,总部位于新泽西州,专注于为超大规模云计算和互联网基础设施提供商提供计算和存储解决方案 [3] - 公司去年营收达100亿美元,在人工智能和机器对机器交易领域也有专长 [4] - AMD CEO Lisa Su认为,引进ZT Systems的工程师将有助于AMD快速测试和推出最新的人工智能GPU,满足微软(MSFT)等云计算巨头的需求 [4] AMD财务状况 - AMD计划以现金支付75%的ZT Systems收购款,约为36.7亿美元 [5] - AMD目前拥有53.4亿美元现金,足以完成剩余的股票支付部分 [5] - AMD总资产达678.8亿美元,远高于113.4亿美元的总负债 [5] AMD增长前景 - AMD预计2024财年销售额将增长12%,2025财年将增长26%至321.8亿美元 [6] - 年度盈利预计今年将增长26%至每股3.35美元,2025财年将进一步增长54%至每股5.17美元 [7] AMD股价表现 - 尽管增长前景吸引人,但AMD今年迄今仅上涨3%,远低于标普500和纳斯达克指数15%以上的涨幅 [8] - 相比之下,英伟达股价今年已飙升超过150% [8] - 不过,AMD过去两年仍录得64%的涨幅,优于大盘,但远低于英伟达643%的涨幅 [9] AMD估值分析 - 目前AMD股价对应44.3倍未来12个月盈利,高于标普500的23.4倍 [10] - 但与英伟达46.3倍和半导体行业平均42.5倍相当 [10] - 相比过去5年的107.2倍峰值和52.4倍中位数,AMD当前估值处于较低水平 [11]

To gain an edge, this is what you need to know today.Stock Market At ResistancePlease click here for an enlarged chart of SPDR S&P 500 ETF Trust SPY which represents the benchmark stock market index S&P 500 (SPX).Note the following:The chart shows that the stock market touched the low band of the support zone during the carry trade related drop.The chart shows that the stock market has aggressively rebounded after touching the low band of the support zone.The chart shows that the stock market is now touchin ...

文章核心观点 - AMD公司宣布以49亿美元收购ZT Systems,这是一家为超大规模计算提供AI基础设施的关键供应商 [1] - 技术分析显示AMD股票出现了"看涨吞没模式",这是一个经典的信号,表明新的上升趋势可能即将到来 [2][4] - 股价已经达到154.50美元的水平,这可能会遇到阻力,因为这个价位曾经是支撑位,很多当时买入的投资者现在可能会在这里卖出 [7][8][9] 根据目录分别总结 公司动态 - AMD以49亿美元收购ZT Systems,这是一家为超大规模计算提供AI基础设施的关键供应商 [1] 股价走势 - 技术分析显示AMD股票出现了"看涨吞没模式",这是一个经典的信号,表明新的上升趋势可能即将到来 [2][4] - 股价已经达到154.50美元的水平,这可能会遇到阻力,因为这个价位曾经是支撑位,很多当时买入的投资者现在可能会在这里卖出 [7][8][9]

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) are 1.8% higher at $151.23 at last glance, following the firm's latest acquisition. The semiconductor concern today announced plans to acquire ZT Systems for $4.9 billion in a cash and stock deal. The M&A will help the firm expand its artificial intelligence (AI) chips and hardware as it ramps up competition with industry dominator Nvidia (NVDA).While there's still a chasm between AMD's current perch and its March 8 all-time high of $227.30, the security i ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...