{"id":644498,"date":"2026-06-17T19:40:45","date_gmt":"2026-06-18T02:40:45","guid":{"rendered":"https:\/\/nai500.com\/?p=644498"},"modified":"2026-06-17T19:40:45","modified_gmt":"2026-06-18T02:40:45","slug":"%e5%be%9e%e9%81%8e%e6%99%82%e8%80%81%e7%99%bb%e5%88%b0%e6%9a%b4%e6%bc%b2483%ef%bc%8c%e7%8f%be%e5%9c%a8%e7%9a%84%e8%8b%b1%e7%89%b9%e7%88%be%e6%98%af%e6%a9%9f%e6%9c%83%e9%82%84","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2026\/06\/%e5%be%9e%e9%81%8e%e6%99%82%e8%80%81%e7%99%bb%e5%88%b0%e6%9a%b4%e6%bc%b2483%ef%bc%8c%e7%8f%be%e5%9c%a8%e7%9a%84%e8%8b%b1%e7%89%b9%e7%88%be%e6%98%af%e6%a9%9f%e6%9c%83%e9%82%84\/","title":{"rendered":"\u5f9e\u201c\u904e\u6642\u8001\u767b\u201d\u5230\u66b4\u6f32483%\uff0c\u73fe\u5728\u7684\u82f1\u7279\u723e\u662f\u6a5f\u6703\u9084\u662f\u9677\u9631\uff1f"},"content":{"rendered":"<p>\u5982\u679c\u6709\u4eba\u53bb\u5e74\u8ddf\u4f60\u8aaa\uff0c\u90a3\u500b\u88ab\u5632\u7b11\u70ba\u201c\u904e\u6c23\u9802\u6d41\u201d\u201c\u534a\u5c0e\u9ad4\u6d3b\u5316\u77f3\u201d\u7684<a href=\"https:\/\/nai500.com\/zh-hant\/%e8%82%a1%e7%a5%a8%e6%9f%a5%e8%a9%a2\/?qm_symbol=INTC\">\u82f1\u7279\u723e\uff08INTC\uff09<\/a>\uff0c\u6703\u6210\u70ba2026\u5e74\u5168\u7403\u8cc7\u672c\u5e02\u5834\u6700\u70b8\u88c2\u7684\u6545\u4e8b\uff0c\u4f60\u5927\u6982\u7387\u6703\u55e4\u4e4b\u4ee5\u9f3b\u3002\u4f46\u6578\u64da\u4e0d\u6703\u9a19\u4eba\uff1a\u904e\u53bb\u4e00\u5e74\uff0c\u82f1\u7279\u723e\u80a1\u50f9\u5df2\u66b4\u6f32483%\uff0c\u5f9e\u88ab\u6383\u9032\u89d2\u843d\u7684\u201c\u8001\u767b\u201d\uff0c\u6416\u8eab\u4e00\u8b8a\u6210\u70ba\u83ef\u723e\u8857\u6700\u975a\u7684\u4ed4\u3002<\/p>\n<p>\u9019\u6ce2\u66b4\u529b\u62c9\u5347\u80cc\u5f8c\uff0c\u662f\u82f1\u7279\u723e\u5be6\u6253\u5be6\u7684\u56f0\u5883\u53cd\u8f49\uff0c\u9084\u662f\u4e00\u5834\u8cc7\u672c\u72c2\u6b61\u4e0b\u7684\u5de8\u5927\u9677\u9631\uff1f<\/p>\n<h2>\u738b\u8005\u6b78\u4f86\uff0c\u9084\u662f\u8ff4\u5149\u8fd4\u7167\uff1f<\/h2>\n<p>\u904e\u53bb\u5e7e\u5e74\uff0c\u82f1\u7279\u723e\u5e7e\u4e4e\u96c6\u9f4a\u4e86\u4e00\u5bb6\u4f01\u696d\u6c92\u843d\u7684\u201c\u6a19\u6e96\u5287\u672c\u201d\uff1a\u932f\u5931\u79fb\u52d5\u4e92\u806f\u7db2\u6d6a\u6f6e\uff0c\u500b\u4ebaCPU\u5e02\u5834\u88abAMD\u8836\u98df\uff0c\u800c\u5728AI\u8a13\u7df4\u7684GPU\u8cfd\u9053\u66f4\u662f\u88ab\u82f1\u5049\u9054\u78be\u58d3\u5f97\u6beb\u7121\u5b58\u5728\u611f\u3002\u4e00\u6642\u9593\uff0c\u201c\u7259\u818f\u5ee0\u201d\u201c\u672b\u4ee3\u7687\u5e1d\u201d\u7684\u6a19\u7c3d\u8cbc\u6eff\u5168\u8eab\u3002<\/p>\n<p>\u8f49\u6298\u9ede\u51fa\u73fe\u57282025\u5e74\u521d\uff0c\u65b0\u4efbCEO\u9673\u7acb\u6b66\uff08Lip-Bu Tan\uff09\u8d70\u99ac\u4e0a\u4efb\u3002\u4ed6\u52d5\u5200\u7d44\u7e54\u67b6\u69cb\uff0c\u780d\u6389\u65c1\u679d\uff0c\u96c6\u4e2d\u706b\u529b\u731b\u653b\u4e09\u5927\u5c71\u982d\uff1a\u6676\u5713\u4ee3\u5de5\u3001x86\u696d\u52d9\u5fa9\u8208\u3001\u4ee5\u53ca\u5168\u529b\u62bc\u6ce8AI\u63a8\u7406\u3002\u9019\u4e00\u7b56\u7565\u5f88\u5feb\u6709\u4e86\u8ff4\u97ff\uff1a<\/p>\n<ul>\n<li>\u64da\u5831\u5df2\u8207\u860b\u679c\u9054\u6210\u521d\u6b65\u4ee3\u5de5\u5354\u8b70\uff0c\u70ba\u65d7\u8266\u8a2d\u5099\u88fd\u9020\u82af\u7247\uff1b<\/li>\n<li>\u7a40\u6b4c\u6bcd\u516c\u53f8Alphabet\u70ba2028\u5e74\u4e0b\u55ae300\u842c\u9846\u5b9a\u5236\u5f35\u91cf\u8655\u7406\u5668\uff08TPU\uff09\uff1b<\/li>\n<li>\u52a0\u5165\u4e86\u99ac\u65af\u514b\u7684Terafab\u8d85\u7d1a\u6676\u5713\u5ee0\u9805\u76ee\uff0c\u70baSpaceX\u3001xAI\u548c\u7279\u65af\u62c9\u4f9b\u8ca8\uff1b<\/li>\n<li>\u6700\u5148\u9032\u768418A-P\u5236\u7a0b\u5df2\u9032\u5165\u65e9\u671f\u91cf\u7522\u968e\u6bb5\u3002<\/li>\n<\/ul>\n<p>\u771f\u91d1\u767d\u9280\u4e5f\u958b\u59cb\u9ad4\u73fe\u5728\u8cec\u9762\u4e0a\u3002\u4eca\u5e74\u4e00\u5b63\u5ea6\uff0c\u82f1\u7279\u723e\u71df\u6536\u540c\u6bd4\u589e\u95777%\u81f3136\u5104\u7f8e\u5143\uff0c\u8abf\u6574\u5f8c\u6bcf\u80a1\u6536\u76ca\u731b\u589e123%\uff0c\u904b\u71df\u73fe\u91d1\u6d41\u7a81\u783410\u5104\u7f8e\u5143\u3002\u5118\u7ba1\u6309\u901a\u7528\u6703\u8a08\u6e96\u5247\u8a08\u7b97\u4ecd\u5728\u8667\u640d\uff0c\u4f46\u8da8\u52e2\u660e\u986f\u6307\u5411\u5149\u660e\u3002<\/p>\n<h2>\u83ef\u723e\u8857\u5206\u6790\u5e2b\u653e\u8a71\uff1a\u5e02\u503c\u8981\u52305\u842c\u5104\u7f8e\u5143\uff01<\/h2>\n<p>\u884c\u60c5\u7684\u7206\u9ede\uff0c\u4f86\u81eaGlobal Equities Research\u7684\u5206\u6790\u5e2b\u7279\u88e1\u666e\u00b7\u55ac\u5fb7\u88e1\u7684\u201c\u5927\u81bd\u958b\u9ea5\u201d\u3002\u4ed6\u7dad\u6301\u82f1\u7279\u723e\u201c\u8cb7\u5165\u201d\u8a55\u7d1a\uff0c\u7d66\u51fa\u4e86200\u7f8e\u5143\u7684\u76ee\u6a19\u50f9\uff0c\u610f\u5473\u8457\u76f8\u8f03\u65bc\u73fe\u50f9\u4ecd\u6709\u7d0470%\u4e0a\u6f32\u7a7a\u9593\u3002<\/p>\n<p>\u4f46\u9019\u9084\u4e0d\u7b97\u760b\u72c2\uff0c\u771f\u6b63\u8b93\u5e02\u5834\u9871\u5167\u9ad8\u6f6e\u7684\u662f\u4ed6\u7684\u9577\u671f\u5224\u65b7\uff1a\u82f1\u7279\u723e\u5c07\u5728\u672a\u4f86\u8e8b\u8eab5\u842c\u5104\u7f8e\u5143\u4ff1\u6a02\u90e8\uff0c\u8207\u82f1\u5049\u9054\u6bd4\u80a9\u3002\u00a0\u4ed6\u7684\u908f\u8f2f\u5f88\u76f4\u63a5\u2014\u2014\u201cAI\u8a13\u7df4\u662f\u904e\u53bb\uff0cAI\u63a8\u7406\u662f\u73fe\u5728\uff0cAI\u61c9\u7528\u624d\u662f\u672a\u4f86\u3002\u4e5f\u5c31\u662f\u8aaa\uff0cGPU\u662f\u904e\u53bb\uff0cCPU\u624d\u662f\u672a\u4f86\u3002\u201d \u4ed6\u4f30\u7b97\uff0cAI\u63a8\u7406\u8207\u61c9\u7528\u5e02\u5834\u898f\u6a21\u5c07\u662f\u8a13\u7df4\u5e02\u5834\u76848\u500d\uff0c\u800c\u82f1\u7279\u723e18A\u5de5\u85dd\u5c07\u6210\u70ba\u5236\u52dd\u6cd5\u5bf6\u3002\u4ed6\u751a\u81f3\u653e\u8a71\uff1a\u201c\u4efb\u4f55AI\u8655\u7406\u5668\uff0c\u5982\u679c\u4e0d\u662f\u57fa\u65bc\u82f1\u7279\u723e18A\uff0c\u90a3\u5b83\u5df2\u7d93\u8f38\u4e86\u3002\u201d<\/p>\n<p>\u6309\u4ed6\u7684\u6a21\u578b\uff0c\u82f1\u7279\u723e2030\u5e74\u6bcf\u80a1\u6536\u76ca\u5c07\u905410\u7f8e\u5143\u3002\u54ea\u6015\u5e02\u76c8\u7387\u4e0d\u8b8a\uff0c\u80a1\u50f9\u4e5f\u5c07\u6c96\u4e0a1100\u7f8e\u5143\uff0c\u5e02\u503c\u9806\u5229\u8d8a\u904e5\u842c\u5104\u7f8e\u5143\u3002<\/p>\n<h2>\u6a5f\u6703\u5f88\u5927\uff0c\u9677\u9631\u4e5f\u5f88\u6df1<\/h2>\n<p>\u6545\u4e8b\u5f88\u6027\u611f\uff0c\u4f46\u51b7\u975c\u4e0b\u4f86\u770b\uff0c\u9019\u53e3\u201c\u80a5\u8089\u201d\u672a\u5fc5\u597d\u541e\u3002<\/p>\n<p>\u9996\u5148\uff0c\u6309\u83ef\u723e\u8857\u4e00\u81f4\u9810\u671f\uff0c\u82f1\u7279\u723e2026\u5e74\u6bcf\u80a1\u6536\u76ca\u50c51.09\u7f8e\u5143\u3002\u7576\u4e0b\u7d04130\u7f8e\u5143\u7684\u80a1\u50f9\uff0c\u5c0d\u61c9\u7684\u9060\u671f\u5e02\u76c8\u7387\u9ad8\u9054111\u500d\u3002\u5373\u4f7f2027\u5e74\u9810\u671fEPS\u80fd\u8df3\u52301.55\u7f8e\u5143\uff0c\u4f30\u503c\u4f9d\u7136\u9ad8\u5f97\u71d9\u624b\u3002\u9019\u662f\u4e00\u500b\u65e9\u5df2\u628a\u6578\u5e74\u7f8e\u597d\u9810\u671f\u8a08\u50f9\u5728\u5167\u7684\u50f9\u683c\u3002<\/p>\n<p>\u5176\u6b21\uff0c\u55ac\u5fb7\u88e1\u201c\u4e0d\u752818A\u5c31\u662f\u8f38\u201d\u7684\u8ad6\u65b7\uff0c\u8207\u7522\u696d\u73fe\u5be6\u76f8\u53bb\u751a\u9060\u3002AI\u61c9\u7528\u7684\u7b97\u529b\u7248\u5716\uff0c\u5f9e\u4f86\u4e0d\u53ea\u6709\u4e00\u7a2e\u8d0f\u6cd5\u3002\u82f1\u5049\u9054\u7684GPU\u4f9d\u7136\u5f37\u52e2\uff0c\u7a40\u6b4c\u7684TPU\u3001\u5404\u985e\u5c08\u7528\u82af\u7247\uff08ASIC\uff09\u90fd\u5728\u7279\u5b9a\u5834\u666f\u627e\u5230\u751f\u5b58\u7a7a\u9593\u3002AI\u9019\u5834\u5927\u4ed7\uff0c\u7d55\u4e0d\u662f\u67d0\u4e00\u6b3e\u5de5\u85dd\u6216\u67d0\u4e00\u985e\u82af\u7247\u5c31\u80fd\u901a\u5403\u7684\u904a\u6232\u3002<\/p>\n<p>\u5c31\u9023\u652f\u6301\u8005\u4e5f\u5225\u5fd8\u4e86\uff0c\u82f1\u7279\u723e\u9019\u8f2a\u201c\u53f2\u4e0a\u6700\u5927\u9006\u8f49\u201d\u7684\u6558\u4e8b\u672c\u8eab\u5c31\u6709\u6c34\u5206\u3002\u8ad6\u6f32\u5e45\uff0c14\u500b\u6708\u5167\u6f327\u500d\u56fa\u7136\u6050\u6016\uff0c\u4f46\u540c\u671fCarvana\u53ef\u662f\u5b8c\u6210\u4e86\u81ea\u4f4e\u9ede95\u500d\u7684\u9a5a\u5929\u9006\u8972\u3002\u53ea\u80fd\u8aaa\uff0c\u82f1\u7279\u723e\u7684\u5fa9\u8607\u5c0d\u65bc\u7f8e\u570b\u82af\u7247\u88fd\u9020\u81ea\u4e3b\u7684\u5b8f\u89c0\u610f\u7fa9\uff0c\u9060\u5927\u65bc\u80a1\u50f9\u6578\u5b57\u672c\u8eab\u3002<\/p>\n<h2>\u7d50\u8a9e<\/h2>\n<p>\u5f9e\u201c\u904e\u6642\u8001\u767b\u201d\u5230\u5e74\u6f32483%\uff0c\u82f1\u7279\u723e\u6beb\u7121\u7591\u554f\u4e0a\u6f14\u4e86\u4e00\u51fa\u5049\u5927\u7684\u81ea\u6211\u6551\u8d16\u3002\u5b83\u91cd\u65b0\u6210\u70ba\u4e86\u8db3\u4ee5\u5a01\u8105\u53f0\u7a4d\u96fb\u7684\u6676\u5713\u4ee3\u5de5\u6311\u6230\u8005\uff0c\u4e5f\u518d\u6b21\u6210\u70baAI\u724c\u684c\u4e0a\u4e0d\u53ef\u5ffd\u8996\u7684\u529b\u91cf\u3002<\/p>\n<p>\u4f46\u5c0d\u65bc\u6295\u8cc7\u8005\u800c\u8a00\uff0c\u4e00\u5bb6\u5c07\u56f0\u5883\u53cd\u8f49\u5287\u672c\u6f14\u6210\u4f30\u503c\u7206\u8868\u7684\u516c\u53f8\uff0c\u7a76\u7adf\u662f\u6398\u91d1\u6a5f\u6703\u9084\u662f\u4f30\u503c\u9677\u9631\uff0c\u4e5f\u8a31\u53ea\u5dee\u4e00\u6b21\u4e0d\u53ca\u9810\u671f\u7684\u5b63\u5831\u3001\u6216\u4e00\u500b\u88ab\u8b49\u507d\u7684\u5b8f\u5927\u6558\u4e8b\u3002\u00a0\u5728\u9019\u8f2aAI\u6dd8\u91d1\u71b1\u88e1\uff0c\u5343\u842c\u5225\u53ea\u76ef\u8457\u8ce3\u5730\u5716\u7684\u4eba\u8aaa\u54ea\u88e1\u904d\u5730\u9ec3\u91d1\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u5982\u679c\u6709\u4eba\u53bb\u5e74\u8ddf\u4f60\u8aaa\uff0c\u90a3\u500b\u88ab\u5632\u7b11\u70ba\u201c\u904e\u6c23\u9802\u6d41\u201d\u201c\u534a\u5c0e\u9ad4\u6d3b\u5316\u77f3\u201d\u7684\u82f1\u7279\u723e\uff08INTC\uff09\uff0c\u6703\u6210\u70ba2026\u5e74\u5168\u7403\u8cc7\u672c\u5e02\u5834 [&hellip;]<\/p>\n","protected":false},"author":27,"featured_media":566470,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1522,431],"tags":[2416,675,2174,1677],"class_list":["post-644498","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1522","category-trends-strategies-zh-hant","tag-u-s-stocks-zh-hant","tag--zh-hant","tag-2174","tag-technology-zh-hant","sectors-technology-zh-hant","locations-us-zh-hant","exchange-nasdaq-zh-hant"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/644498","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/comments?post=644498"}],"version-history":[{"count":3,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/644498\/revisions"}],"predecessor-version":[{"id":644501,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/644498\/revisions\/644501"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media\/566470"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media?parent=644498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/categories?post=644498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/tags?post=644498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}