Arm股价走高：或进军自研AI芯片，法巴称上涨潜力仍未兑现

金十数据2025-07-17

Arm(ARM.O)可能很快在定制人工智能芯片市场崭露头角，一些分析师认为，该公司股票尚未充分受益于这一机遇。法巴银行分析师在周三的一份报告中，将Arm的评级从“中性”上调至“跑赢大市”，并将目标价从110美元上调至210美元。分析师指出，随着科技巨头不断增加AI领域的资本开支，Arm顺理成章可能会转型成为专用集成电路（ASIC）芯片制造商——不过，他们也提到，Arm管理层迄今尚未就ASIC战略...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2552310263?lang=zh_CN&edition=full","thumbnail":"","is_english":false,"pubTime":"2025-07-17 16:08","share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","id":"2552310263","market":"us","top_or_hot":-1,"title":"Arm股价走高：或进军自研AI芯片，法巴称上涨潜力仍未兑现","media":"金十数据","content":"<div>\n<p>Arm(ARM.O)可能很快在定制人工智能芯片市场崭露头角，一些分析师认为，该公司股票尚未充分受益于这一机遇。法巴银行分析师在周三的一份报告中，将Arm的评级从“中性”上调至“跑赢大市”，并将目标价从110美元上调至210美元。分析师指出，随着科技巨头不断增加AI领域的资本开支，Arm顺理成章可能会转型成为专用集成电路（ASIC）芯片制造商——不过，他们也提到，Arm管理层迄今尚未就ASIC战略...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202507171613489545e126&s=b\">网页链接</a>\n\n</div>\n","source":"tencent","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Arm股价走高：或进军自研AI芯片，法巴称上涨潜力仍未兑现</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nArm股价走高：或进军自研AI芯片，法巴称上涨潜力仍未兑现\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-07-17 16:08 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202507171613489545e126&s=b><strong>金十数据</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Arm(ARM.O)可能很快在定制人工智能芯片市场崭露头角，一些分析师认为，该公司股票尚未充分受益于这一机遇。法巴银行分析师在周三的一份报告中，将Arm的评级从“中性”上调至“跑赢大市”，并将目标价从110美元上调至210美元。分析师指出，随着科技巨头不断增加AI领域的资本开支，Arm顺理成章可能会转型成为专用集成电路（ASIC）芯片制造商——不过，他们也提到，Arm管理层迄今尚未就ASIC战略...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202507171613489545e126&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BMPRXN33.USD","symbol_name":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","start_time":0,"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202507171613489545e126&s=b","article_id":"2552310263","we_media_id":null,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202507171613489545e126&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, .wx-sou","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2552310263","pubTimestamp":1752739687,"columns":[],"sourceInfo":{"source_id":"tencent","name":"腾讯"},"weMediaInfo":null,"summary":"Arm今年迄今股价已上涨约16%，而法巴银行团队认为，鉴于股价尚未计入ASIC业务潜力，仍存在“显著的上涨空间”。分析师引用近期媒体报道称，愈发多的迹象显示Arm可能开始生产自有ASIC芯片。","collect":0,"end_time":0,"defaultTopTitle":"qq.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{"IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","MRVL":"迈威尔科技","BK4107":"财产与意外伤害保险","BK4141":"半导体产品","IE00BMPRXQ63.HKD":"NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND \"A\" (HKDHDG) ACC","BK4588":"碎股","BK4585":"ETF&股票定投概念","BK4543":"AI","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","ARM":"ARM Holdings","ASIC":"Ategrity Specialty Holdings","AVGO":"博通","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","BK4609":"英伟达持仓股"},"translate_title":"Arm's stock price rises: it may enter self-developed AI chips, BNP Paribas says the upside potential has not been realized","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ASIC":0.9,"MRVL":0.9,"ARM":1,"AVGO":0.9},"content_text":"Arm(ARM.O)可能很快在定制人工智能芯片市场崭露头角，一些分析师认为，该公司股票尚未充分受益于这一机遇。法巴银行分析师在周三的一份报告中，将Arm的评级从“中性”上调至“跑赢大市”，并将目标价从110美元上调至210美元。分析师指出，随着科技巨头不断增加AI领域的资本开支，Arm顺理成章可能会转型成为专用集成电路（ASIC）芯片制造商——不过，他们也提到，Arm管理层迄今尚未就ASIC战略作出任何正式表态。这家总部位于伦敦的公司目前通过授权出售芯片设计，但并不直接销售自有芯片。分析师表示，如果Arm能在可服务市场中拿下7%的份额，其ASIC业务的息税前利润（EBIT）可能翻倍。他们预计，到2030年，该市场规模将达到2000亿美元；在这一假设下，Arm的ASIC业务到2030和2031财年可能带来80亿至150亿美元的营收。Arm今年迄今股价已上涨约16%，而法巴银行团队认为，鉴于股价尚未计入ASIC业务潜力，仍存在“显著的上涨空间”。周三，Arm股价上涨近5%。分析师引用近期媒体报道称，愈发多的迹象显示Arm可能开始生产自有ASIC芯片。例如，英国《金融时报》今年2月报道称，Arm计划在今年发布一款新芯片，首位买家可能是Meta Platforms(META.O)。进军ASIC芯片领域将使Arm成为自身客户的竞争对手，包括博通(AVGO.O)和迈威尔科技(MRVL.O)。不过，法巴银行分析师表示，即使部分客户因此对Arm转型感到“不满”，“我们认为这一风险/回报比是合理的。”他们补充称，设计自有芯片将使公司能够“在利用现有芯片设计工程师技能的同时，获取更多AI半导体价值链的利润。”","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"isLaohu8Offline":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.44.0","shortVersion":"4.44.0","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2552310263","isCrawlerRequest":true}