小心“增收不增利”陷阱!高盛下调超微电脑至“卖出”：利润率才是硬伤

智通财经01-14

高盛将超微电脑(SMCI.US)的股票评级下调至“卖出”。该行分析师发出警告，超微电脑持续的利润率下滑态势，可能会抵消人工智能服务器需求强劲增长所带来的积极影响。高盛分析师凯瑟琳·墨菲将该股票12个月的目标价从每股34美元下调至26美元，并指出在过去三年里，超微电脑的利润率已大幅缩水，降至9.5%。她进一步补充道，鉴于公司当前正在寻求一些大型但会摊薄利润率的交易，其未来盈利能力仍存在较大不确定性。...

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