{"id":645955,"date":"2026-06-24T04:04:16","date_gmt":"2026-06-24T11:04:16","guid":{"rendered":"https:\/\/nai500.com\/?p=645955"},"modified":"2026-06-24T04:30:02","modified_gmt":"2026-06-24T11:30:02","slug":"ai-mu-nvda-amd-intc-googl","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2026\/06\/ai-mu-nvda-amd-intc-googl\/","title":{"rendered":"AI \u4ea4\u6613\u8fce\u4f86\u9996\u6b21\u771f\u6b63\u56de\u8abf\uff0c\u7f8e\u5149\u8ca1\u5831\u6210\u534a\u5c0e\u9ad4\u884c\u696d “\u5fc3\u96fb\u5716”"},"content":{"rendered":"

\u79d1\u6280\u80a1\u77ed\u66ab\u5598\u606f\u5f8c\u518d\u5ea6\u627f\u58d3\u3002AI \u71b1\u9580\u6a19\u7684\u9023\u7e8c\u906d\u9047\u62cb\u552e\u4e4b\u5f8c\uff0c\u671f\u6307\u6b63\u8a66\u5716\u4f01\u7a69\uff0c\u800c\u5e02\u5834\u5c07\u76ee\u5149\u7262\u7262\u9396\u5b9a\u7f8e\u5149\u79d1\u6280\uff08Micron Technology, MU\uff09<\/a>\u8ca1\u5831 \u2014\u2014 \u9019\u4efd\u696d\u7e3e\u88ab\u8996\u70ba\u6574\u500b\u534a\u5c0e\u9ad4\u677f\u584a\u7684 “\u5fc3\u96fb\u5716”\u3002\u7372\u5229\u4e86\u7d50\u906d\u9047\u4f30\u503c\u7729\u6688\uff0c\u5229\u7387\u7126\u616e\u5c64\u5c64\u52a0\u78bc\uff0cAI \u4ea4\u6613\u7a81\u7136\u8a18\u8d77\uff1a\u5b83\u4e5f\u6703\u6709\u56de\u64a4\u3002<\/p>\n

\u904e\u53bb\u516b\u500b\u5c0f\u6642\u5167\uff0c\u6700\u6d3b\u8e8d\u7684\u8cc7\u91d1\u6d41\u52d5\u4ecd\u96c6\u4e2d\u5728\u540c\u4e00\u6279 “\u5143\u5147” \u8eab\u4e0a\uff1a\u5167\u5b58\u3001AI \u52a0\u901f\u5668\uff0c\u4ee5\u53ca\u5c07\u5b83\u5011\u8b8a\u73fe\u7684\u96f2\u5e73\u81fa\u3002<\/p>\n

\u7f8e\u5149\u8ca1\u5831\uff1a\u5167\u5b58\u9031\u671f\u7684\u5341\u5b57\u8def\u53e3<\/h2>\n

\u7f8e\u5149\u79d1\u6280\u7121\u7591\u662f\u4eca\u65e5\u4ea4\u6613\u91cf\u4e4b\u738b\uff0c\u7d04 4500 \u842c\u80a1\u63db\u624b\u3002\u6295\u8cc7\u8005\u5728\u76e4\u5f8c\u696d\u7e3e\u767c\u4f48\u524d\u7dca\u6025\u8abf\u5009\uff0c\u8a66\u5716\u5728\u6628\u65e5 13% \u7684\u66b4\u8dcc\u4e4b\u5f8c\u91cd\u65b0\u5b9a\u50f9\u5167\u5b58\u5229\u6f64\u7387\u3002<\/p>\n

\u5e02\u5834\u95dc\u6ce8\u7684\u6838\u5fc3\u6709\u4e09\uff1aAI \u5167\u5b58\u9700\u6c42\u7684\u771f\u5be6\u5f37\u5ea6\u3001HBM \u4f9b\u7d66\u7bc0\u594f\uff0c\u4ee5\u53ca\u5b9a\u50f9\u8da8\u52e2\u3002\u4eca\u5e74\u4ee5\u4f86\u80a1\u50f9\u4e00\u8def\u72c2\u98c6\u7684\u7f8e\u5149\uff0c\u5728\u79d1\u6280\u80a1\u62cb\u552e\u6f6e\u4e2d\u66b4\u9732\u4e86 AI \u5167\u5b58\u4ea4\u6613\u7684\u64c1\u64e0\u7a0b\u5ea6\u3002\u7af6\u722d\u96dc\u97f3\u4e5f\u5728\u5347\u6eab \u2014\u2014SK \u6d77\u529b\u58eb\u8a08\u5283\u901a\u904e\u7f8e\u570b\u5b58\u6258\u6191\u8b49\uff08ADR\uff09\u5728\u7d0d\u65af\u9054\u514b\u878d\u8cc7\u8fd1 300 \u5104\u7f8e\u5143\uff0c\u610f\u5473\u8457\u4e00\u500b\u8cc7\u91d1\u96c4\u539a\u7684\u5c0d\u624b\u6b63\u5728\u903c\u8fd1\u5168\u7403\u5e02\u5834\u4efd\u984d\u3002<\/p>\n

\u671f\u6b0a\u5e02\u5834\u96b1\u542b\u6ce2\u52d5\u7387\u5df2\u5347\u81f3\u9ad8\u4f4d\uff0c\u591a\u7a7a\u96d9\u5411\u8cc7\u91d1\u6d3b\u8e8d\uff0c\u57fa\u91d1\u540c\u6642\u5c0d\u6c96\u4e0b\u884c\u7f3a\u53e3\u548c\u4e0a\u884c\u903c\u7a7a\u98a8\u96aa\u3002\u95dc\u9375\u5728\u65bc\u7522\u54c1\u7d50\u69cb\u8207\u5229\u6f64\u7387\uff1a\u82e5\u7f8e\u5149\u5c55\u793a HBM \u51fa\u8ca8\u91cf\u6301\u7e8c\u722c\u5761\u3001\u6bdb\u5229\u7387\u8def\u5f91\u53ef\u4fe1\u4e14 capex \u4e0d\u5931\u63a7\uff0c\u6b64\u6b21\u56de\u8abf\u66f4\u50cf\u662f\u6a5f\u6703\u7a97\u53e3\uff1b\u82e5\u6307\u5f15\u505c\u7559\u5728 “\u4e0b\u534a\u5e74\u518d\u8aaa”\uff0c\u6295\u8cc7\u8005\u5c07\u91cd\u65b0\u5b9a\u50f9\u9031\u671f\u800c\u975e\u5922\u60f3\uff0c\u4f30\u503c\u58d3\u7e2e\u6216\u9060\u672a\u7d50\u675f\u3002<\/p>\n

\u9f8d\u982d\u773e\u751f\u76f8\uff1a\u5f9e\u5b8c\u7f8e\u5230\u512a\u79c0\u7684\u91cd\u5b9a\u50f9<\/h2>\n

\u82f1\u5049\u9054\uff08Nvidia, NVDA\uff09<\/a>\u7684\u5bbf\u9189\u4ecd\u5728\u5ef6\u7e8c\u3002AI \u786c\u4ef6\u677f\u584a\u7684\u540c\u60c5\u6027\u62cb\u552e\u3001\u706b\u71b1\u884c\u60c5\u964d\u6eab\uff0c\u52a0\u4e0a\u65b0\u7af6\u722d\u8005\u7684\u9ad8\u8abf\u767c\u8072\uff0c\u90fd\u8b93\u5e02\u5834\u958b\u59cb\u8cea\u7591\u8d85\u9ad8\u5229\u6f64\u7387\u7684\u53ef\u6301\u7e8c\u6027\u3002Cerebras \u4e0a\u5e02\u5f8c\u9996\u6b21\u66f4\u65b0\u96d6\u51f8\u986f\u4e86\u82f1\u5049\u9054\u5546\u696d\u6a21\u5f0f\u7684\u96e3\u4ee5\u8907\u88fd\uff0c\u4f46\u4e5f\u63d0\u9192\u4ea4\u6613\u8005\uff1a\u89ac\u89a6\u8d85\u5927\u898f\u6a21\u96f2\u5ee0\u5546\u9810\u7b97\u7684\u4f9b\u61c9\u5546\u9060\u4e0d\u6b62\u4e00\u5bb6\u3002\u5229\u7387\u4e0a\u884c\u5c0d\u9577\u4e45\u671f\u6210\u9577\u80a1\u540c\u6a23\u4e0d\u53cb\u597d\u3002<\/p>\n

AMD\uff08Advanced Micro Devices, AMD\uff09<\/a>\u7684\u57f7\u884c\u6ea2\u50f9\u6b63\u63a5\u53d7\u5be9\u8a08\u3002MI300 \u7684\u589e\u9577\u52d5\u80fd\u8207 AI \u677f\u584a\u6574\u9ad4\u9707\u76ea\u5f62\u6210\u5f35\u529b\u3002\u6295\u8cc7\u8005\u9700\u8981\u5728 “\u8d85\u5927\u898f\u6a21\u96f2\u5ee0\u5546\u8a02\u55ae\u52dd\u5229” \u7684\u982d\u689d\u8207 “\u722c\u5761\u8907\u96dc\u6027\u9ad8\u3001\u5229\u6f64\u7387\u9580\u6abb\u9ad8” \u7684\u73fe\u5be6\u4e4b\u9593\u627e\u5230\u5e73\u8861\u3002\u96a8\u8457\u5e02\u5834\u524a\u6e1b AI beta\uff0cAMD \u96a8\u677f\u584a\u56de\u843d\uff0c\u591a\u982d\u5247\u5f37\u8abf\u5176\u7e3d\u53ef\u5c0b\u5740\u5e02\u5834\uff08TAM\uff09\u64f4\u5f35\u4ecd\u8655\u65e9\u671f\u3002<\/p>\n

\u82f1\u7279\u723e\uff08Intel, INTC\uff09<\/a>\u5728\u62cb\u552e\u4e2d\u626e\u6f14\u50f9\u503c\u6e1b\u9707\u5668\u7684\u89d2\u8272\u3002\u5176\u6558\u4e8b\u91cd\u5fc3\u4e26\u975e AI \u82af\u7247\u885d\u523a\uff0c\u800c\u662f\u4ee3\u5de5\u99ac\u62c9\u677e\u8207\u653f\u7b56\u88dc\u8cbc\u3002\u5728\u83ef\u76db\u9813\u7522\u696d\u653f\u7b56\u80cc\u666f\u4e0b\uff0c\u8cc7\u672c\u5bc6\u96c6\u578b\u8def\u7dda\u5716\u8b93\u8a72\u80a1\u5728\u79d1\u6280\u80a1\u91cd\u632b\u65e5\u76f8\u5c0d\u6297\u8dcc \u2014\u2014 \u76f4\u5230\u8dcc\u52e2\u8513\u5ef6\u3002\u671f\u6b0a\u6ce2\u52d5\u7387\u66f4\u4f4e\uff0c\u5438\u5f15\u5e0c\u671b\u7372\u5f97\u534a\u5c0e\u9ad4\u655e\u53e3\u53c8\u4e0d\u9858\u627f\u53d7\u82f1\u5049\u9054\u5f0f\u5287\u70c8\u6ce2\u52d5\u7684\u50f9\u5dee\u8cb7\u5bb6\u3002\u7bc0\u9ede\u9032\u5ea6\u8207\u5ba2\u6236\u7c3d\u7d04\u7684\u6d88\u606f\u5c0d\u80a1\u50f9\u5f71\u97ff\u9060\u5927\u65bc\u5b8f\u89c0\u56e0\u7d20\u3002<\/p>\n

Alphabet\uff08GOOGL\uff09<\/a>\u5247\u56e0\u9053\u6307\u7d0d\u5165\u4e8b\u4ef6\u5438\u5f15\u8cc7\u91d1\u95dc\u6ce8\u3002\u53d6\u4ee3 Verizon \u9032\u5165\u9053\u74ca\u65af\u5de5\u696d\u5e73\u5747\u6307\u6578\uff0c\u96d6\u53d7\u50f9\u683c\u52a0\u6b0a\u6a5f\u5236\u9650\u5236\uff0c\u4f46\u62d3\u5bec\u4e86\u6307\u6578\u578b\u8cb7\u5bb6\u7684\u8986\u84cb\u7bc4\u570d\uff0c\u540c\u6642\u63d0\u9192\u5e02\u5834\uff1aAI \u6700\u5927\u7684\u56de\u5831\u6216\u8a31\u9ad4\u73fe\u5728\u5ee3\u544a\u76f8\u95dc\u6027\u3001\u641c\u7d22\u8207\u96f2\u5229\u6f64\u7387\u4e0a\uff0c\u800c\u975e\u82af\u7247\u88f8\u7247\u672c\u8eab\u3002<\/p>\n

\u56de\u8abf\u6df1\u5c64\u908f\u8f2f\uff1a\u5229\u7387\u3001\u4f9b\u61c9\u93c8\u8207\u8cc7\u91d1\u53cd\u5c04\u6027<\/h2>\n

\u5229\u7387\u8207\u53cd\u5c04\u6027\u662f\u8868\u5c64\u4e4b\u4e0b\u7684\u6838\u5fc3\u9a45\u52d5\u3002\u7f8e\u806f\u5132\u9df9\u6d3e\u9810\u671f\u908a\u969b\u6536\u7dca\u91d1\u878d\u689d\u4ef6\uff0c\u9577\u4e45\u671f\u6210\u9577\u80a1\u8fc5\u901f\u88ab\u6a19\u8a18\u4e0b\u8abf\u3002\u8de8\u8cc7\u7522\u4fe1\u865f\u6e05\u6670\u53ef\u898b\uff1a\u9ec3\u91d1\u88ab\u8b8a\u73fe\u63db\u73fe\u91d1\u3001\u7f8e\u50b5\u53cd\u5f48\u3001\u79d1\u6280\u9f8d\u982d\u540c\u6b65\u9707\u76ea\u3002<\/p>\n

\u4f9b\u7d66\u7aef\u4ecd\u5728\u64f4\u5f35\u3002SK \u6d77\u529b\u58eb\u8fd1 300 \u5104\u7f8e\u5143\u7684\u878d\u8cc7\u8a08\u5283\u8868\u660e\uff0c\u4ecd\u6709\u5927\u91cf\u8cc7\u672c\u9858\u610f\u70ba AI \u5efa\u8a2d\u8cb7\u55ae\u3002\u9700\u6c42\u7aef\uff0c\u8d85\u5927\u898f\u6a21\u96f2\u5ee0\u5546\u4e26\u672a\u9000\u7e2e\uff0c\u4f46\u5c0d\u50f9\u683c\u66f4\u654f\u611f\uff0c\u4e5f\u66f4\u9858\u610f\u5617\u8a66\u591a\u5bb6\u4f9b\u61c9\u5546\u3002<\/p>\n

\u8ca8\u904b “\u6674\u96e8\u9336” \u4e26\u4e0d\u6a02\u89c0\u3002\u806f\u90a6\u5feb\u905e\uff08FedEx\uff09\u9810\u8b66\u904b\u8f38\u6210\u672c\u4e0a\u5347\u8207\u8cbf\u6613\u653f\u7b56\u8b8a\u5316\u69cb\u6210\u5229\u6f64\u7387\u9006\u98a8 \u2014\u2014 \u7576\u4f60\u9700\u8981\u5728\u5168\u7403\u904b\u8f38\u6210\u5678\u91cd\u7684\u670d\u52d9\u5668\u6642\uff0c\u9019\u4e9b\u56e0\u7d20\u90fd\u6703\u50b3\u5c0e\u81f3 AI \u90e8\u7f72\u7684 capex \u7bc0\u594f\u8207\u6536\u5165\u78ba\u8a8d\u9031\u671f\u3002\u970d\u723e\u6728\u8332\u6d77\u5cfd\u7684\u5730\u7de3\u653f\u6cbb\u566a\u97f3\uff0c\u66f4\u662f\u8b93\u5373\u6642\u4f9b\u61c9\u93c8\u5e73\u6dfb\u4e86\u4e00\u5c64\u6c92\u6709 CFO \u6703\u559c\u6b61\u7684\u98a8\u96aa\u6ea2\u50f9\u3002<\/p>\n

\u4ea4\u6613\u8005\u4e5f\u91cd\u65b0\u8a18\u8d77\u4e00\u689d\u8001\u898f\u5247\uff1a\u7576\u5e02\u5834\u96c6\u9ad4\u53bb\u98a8\u96aa\u6642\uff0c\u8cc7\u91d1\u6d41\u5411\u5f85\u9047\u6700\u597d\u7684\u5730\u65b9\u3002\u82f1\u5049\u9054\u8207\u7f8e\u5149\u4ecd\u662f AI beta \u7684\u4e3b\u8981\u9032\u51fa\u901a\u9053\uff0c\u5b83\u5011\u7684\u671f\u6b0a\u5e02\u5834\u662f\u6e1b\u9707\u5668\u3002\u5728\u9019\u6a23\u7684\u65e5\u5b50\u88e1\uff0c\u5009\u4f4d\u7ba1\u7406\u8207\u57fa\u672c\u9762\u540c\u7b49\u91cd\u8981\u3002\u4e8b\u4ef6\u524d\u96b1\u542b\u6ce2\u52d5\u7387\u98c6\u5347\uff0c\u4e8b\u5f8c\u8d70\u52e2\u5f80\u5f80\u5747\u503c\u56de\u6b78 \u2014\u2014 \u9664\u975e\u6307\u5f15\u6539\u8b8a\u4e86\u6558\u4e8b\u672c\u8eab\u3002<\/p>\n

\u4e00\u53e5\u8a71\u7e3d\u7d50\uff1a\u7f8e\u5149\u7684\u5229\u6f64\u7387\u8207 HBM \u6307\u5f15\u662f\u552f\u4e00\u7684\u95dc\u9375\u6aa2\u67e5\u9ede\uff0c\u5b83\u5c07\u6c7a\u5b9a\u6295\u8cc7\u8005\u5982\u4f55\u8a55\u4f30\u6574\u689d AI \u4f9b\u61c9\u93c8\u3002\u4e0b\u4e00\u8f2a\u4e0a\u6f32\u9700\u8981\u8b49\u64da \u2014\u2014 \u8b49\u660e AI \u652f\u51fa\u64f4\u5f35\u7684\u540c\u6642\uff0c\u82af\u7247\u8207\u96f2\u696d\u52d9\u7684\u55ae\u4f4d\u7d93\u6fdf\u4e5f\u5728\u6539\u5584\uff0c\u800c\u975e\u50c5\u50c5\u662f\u9810\u7b97\u8d8a\u82b1\u8d8a\u591a\u3002\u5728\u6b64\u4e4b\u524d\uff0c\u677f\u584a\u9760\u53cd\u5c04\u8207\u98a8\u96aa\u7ba1\u7406\u4ea4\u6613\uff0c\u734e\u52f5\u57f7\u884c\uff0c\u61f2\u7f70\u4efb\u4f55\u8981\u6c42 “\u518d\u7b49\u4e00\u500b\u5b63\u5ea6” \u7684\u6545\u4e8b\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

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