CNBC的吉姆·克莱默周一表示，在首席执行官苏姿谦的带领下，超威半导体（AMD）掀起的这场惊人涨势远未结束。随着AI智能体的兴起，这家芯片制造商又迎来了一个重大增长机遇。
CNBC's Jim Cramer said Monday that Advanced Micro Devices' remarkable run under CEO Lisa Su is far from over, with the rise of agentic AI opening another major growth opportunity for the chipmaker.
这位《Mad Money》主持人说：“苏姿谦在AMD主导了历史上最伟大的一次扭转乾坤，甚至可能是有史以来最伟大的一次。我看不到任何迹象表明这一进程会在短期内停止。”
"Lisa Su has orchestrated one of the greatest turnarounds in history at AMD, arguably the greatest of all time, and I see no sign that it's going to stop any time soon," the "Mad Money" host said.
AMD上周上涨近13%，市值一度突破1万亿美元，随后在周一又跌破这一关口。仅在9月份，该股涨幅就接近30%，最新一轮飙升部分得益于Meta推出个人AI智能体平台Muse。克莱默表示，随着AI智能体日益普及，中央处理器（CPU）的需求将大幅增长，而在这个领域，AMD“仍是市场领导者”。克莱默说：“今年早些时候，投资者的关注重点从AI模型训练转向了推理和智能体技术，CPU需求即将爆发也变得越来越明显，因为要运行真正实用的AI智能体，需要更多CPU。”
AMD rallied nearly 13% last week and briefly surpassed $1 trillion in market cap before slipping back below the milestone Monday. The stock has gained almost 30% in September alone, with its latest surge fueled in part by Meta's launch of Muse, its personal AI agent platform. Cramer said the growing adoption of AI agents should drive significant demand for central processing units, a market where he said AMD "remains the leader." "Earlier this year, the focus for investors shifted from AI model training to inference and agentics, and it became clear that demand for CPUs was going to explode, because you need more CPUs to run useful AI agents," Cramer said.
AMD如今的处境与苏姿谦2014年10月出任首席执行官时相比，已经发生了显著逆转。当时，这家公司市值仅略高于25亿美元，而且正在向竞争对手英特尔丢失市场份额。如今，在苏姿谦重新调整公司战略并推动CPU市场份额稳步提升后，AMD股价累计上涨超过18,000%。
AMD's current position represents a remarkable reversal from when Su took over as CEO in October 2014. Back then, the company was worth just over $2.5 billion and losing market share to rival chipmaker Intel. Fast forward, and AMD shares have surged more than 18,000% as Su refocused the company and steadily gained share in CPUs.
在加强CPU业务的同时，AMD还在用于AI工作负载的图形处理器领域站稳了脚跟，与英伟达展开竞争。克莱默表示，这一市场规模足够大，可以容纳多个胜出者。AMD已经获得了一些全球最大AI支出方的重大采购承诺，其中包括Meta和OpenAI。
While bolstering CPUs, AMD also carved out a foothold in the graphics processors used for AI workloads, taking on Nvidia in a market that Cramer said is large enough to support multiple winners. AMD has already secured major commitments for its GPUs from some of the biggest AI spenders, including Meta and OpenAI.
“英伟达仍是人工智能芯片领域的霸主，但超威半导体也赚得盆满钵满，而且苏姿丰的产品竞争力比人们想象的更强，”他说，“英伟达根本无法以足够快的速度生产自家芯片来满足需求。因此，超威半导体在这里自然也有机会分一杯羹。”
"Nvidia's still the top dog in AI chips, but AMD's making big money, too, and [Su's] products are more competitive than people think," he said. "Nvidia literally can't make their own chips fast enough to satisfy the demand. Of course there was room for AMD here."
克莱默承认，超威半导体一路飙升的股价令其在市场回调时更容易承压，但其长期发展机遇依然稳固。“这段涨势太不可思议了，”他说，“得益于苏姿丰低调、坚定且顽强的 leadership，她把一家市值25亿美元的公司打造成了一支市值近万亿美元的 powerhouse。”由CNBC投资俱乐部管理的克莱默慈善信托基金持有INTC、META和NVDA的股票。
Cramer acknowledged AMD's enormous run leaves it vulnerable to pullbacks, but AMD's long-term opportunity remains intact. "What an incredible run," he said. "Thanks to Lisa Su's understated, dogged, tenacious leadership, she transformed a $2.5 billion company into a nearly trillion-dollar powerhouse." Cramer's Charitable Trust, the portfolio run by CNBC's Investing Club, owns shares of INTC, META, NVDA.
立即注册CNBC投资俱乐部，追踪 Jim Cramer 在市场上的每一次操作。有问题要问克莱默？
Sign up now for the CNBC Investing Club to follow Jim Cramer's every move in the market. Questions for Cramer?
致电克莱默：1-800-743-CNBC。想深入了解克莱默的投资世界？赶快联系他！
Call Cramer: 1-800-743-CNBC Want to take a deep dive into Cramer's world? Hit him up!
《Mad Money》推特——Jim Cramer。您对《Mad Money》网站有问题、意见或建议？欢迎联系：madcap@cnbc.com
Mad Money Twitter - Jim Cramer Questions, comments, suggestions for the "Mad Money" website? madcap@cnbc.com