大卫·泰科钦斯基认为，人工智能周期正进入一个将提升最老牌芯片制造商之一前景的阶段。
David Tykocinski thinks the artificial intelligence cycle is entering a phase that will boost the fortunes of one of the oldest chipmakers.
这家管理160亿美元资产的对冲基金Maverick Capital的联席首席投资官，在罗宾汉投资者会议上推荐英特尔作为投资标的，据出席该闭门活动的人士透露。他对该公司的预测是：它将是下一家万亿美元半导体制造商。
The co-chief investment officer of $16 billion hedge fund Maverick Capital pitched Intel as an investment at the Robin Hood investor conference, according to people present at the closed-door event. His prediction for the company: It's the next trillion-dollar semiconductor manufacturer.
他的理由是，过去几个月AI代理使用量的激增将使英特尔和AMD等公司受益，类似于AI周期最初的模型测试阶段推动了英伟达的快速增长。
His rationale is that the explosion of AI agent usage in recent months will be a boon for companies like Intel and AMD, similar to how the initial model-testing phase of the AI cycle fueled Nvidia's rapid growth.
与聊天机器人进行的文本生成相比，代理会将任务分解为更多组件，并且通常需要比GPU更多的CPU使用量。两家最大的CPU制造商是英特尔和AMD。
Compared to text generation done by chatbots, agents break tasks down into more components and generally require more CPU usage than GPU. The two biggest CPU manufacturers are Intel and AMD.
泰科钦斯基表示，该公司未来几年的盈利增长潜力超过100%，一位听众告诉《商业内幕》。
Tykocinski said the company's upside is more than 100% earnings growth in the next couple of years, a person in the audience told Business Insider.
目前已有多家半导体公司市值超过1万亿美元，包括前述的英伟达、台积电、博通和美光。但英特尔落后于这些超大型公司，尽管其股价今年已翻了一番多。去年联邦政府以不到90亿美元购买了英特尔10%的股份。
There are already several semiconductor companies that have surpassed the $1 trillion valuation mark, including the aforementioned Nvidia, TSMC, Broadcom, and Micron. But Intel, in which the federal government purchased a 10% stake last year for just under $9 billion, trails these mega-cap companies, despite its stock price more than doubling this year.
该公司市值约为5000亿美元，这意味着英特尔需要将价值翻倍，泰科钦斯基的预测才能成为现实。
The company's market cap is roughly $500 billion, meaning Intel would need to double in value to make Tykocinski's prediction come true.
Maverick由亿万富翁“老虎幼崽”李·安斯利创立，他仍是该公司的管理合伙人。
Maverick, founded by billionaire Tiger Cub Lee Ainslie, who is still the firm's managing partner, ended the second quarter with a stake in Intel worth more than $500 million, according to regulatory filings, making the company the firm's fourth-largest public holding at the time.
根据监管文件，该基金第二季度末持有价值超过5亿美元的英特尔股份，使其成为当时该公司第四大公开持仓。Maverick拒绝置评。
Maverick declined to comment.
根据HSBC的《对冲基金周报》，这家选股基金截至9月底上涨超过16%。
The stock-picking fund is up more than 16% through the end of September, according to HSBC's Hedge Weekly report.