ruan_7128
07-13
英特尔的股价快上涨吧
英特尔重获定价权:CPU供不应求引发全线涨价,华尔街称“造一颗卖一颗”
免责声明:上述内容仅代表发帖人个人观点,不构成本平台的任何投资建议。
分享至
微信
复制链接
精彩评论
我们需要你的真知灼见来填补这片空白
打开APP,发表看法
APP内打开
发表看法
{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":585326526985056,"tweetId":"585326526985056","gmtCreate":1783933417000,"gmtModify":1783933418953,"author":{"id":4131409357956500,"idStr":"4131409357956500","authorId":4131409357956500,"authorIdStr":"4131409357956500","name":"ruan_7128","avatar":"https://static.tigerbbs.com/8ad7f9c1716c3dead55c9cc240346dcb","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":110,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"title":"","html":"<html><head></head><body><p>英特尔的股价快上涨吧</p></body></html>","htmlText":"<html><head></head><body><p>英特尔的股价快上涨吧</p></body></html>","text":"英特尔的股价快上涨吧","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/585326526985056","repostId":2651266196,"repostType":2,"repost":{"id":"2651266196","kind":"news","pubTimestamp":1783931634,"share":"https://www.laohu8.com/m/news/2651266196?lang=zh_CN&edition=full","pubTime":"2026-07-13 16:33","market":"us","language":"zh","title":"英特尔重获定价权:CPU供不应求引发全线涨价,华尔街称“造一颗卖一颗”","url":"https://stock-news.laohu8.com/highlight/detail?id=2651266196","media":"智通财经","summary":"智通财经APP获悉,英特尔目前面临的不是客户流失,而是芯片供不应求。鉴于服务器芯片占英特尔业务比重更大,此轮涨价将显著拉动盈利增长。若涨价普遍落地,则意味着英特尔多年来首次重获定价权,折射出供给紧张格局。英特尔首席执行官陈立武在5月19日摩根大通技术会议上透露,AI系统中CPU与GPU的配比已发生巨变。此外,英特尔设定了内部称为“45法则”的长期财务目标,即营收增长与营业利润率合计超过45%。","content":"<html><head></head><body><p style=\"text-align: left;\"><a href=\"https://laohu8.com/S/INTC\">英特尔</a>目前面临的不是客户流失,而是芯片供不应求。这家半导体巨头在过去一年中,全力修复其中央处理器(CPU)在个人电脑与数据中心服务器核心部件市场上的声誉。然而,这场复苏故事如今遇到了新瓶颈:产能无法跟上订单节奏,且短缺已开始反映在价格端。媒体消息显示,英特尔已在三季度前夕上调了至强(Xeon)服务器芯片及酷睿Ultra(Core Ultra)笔记本芯片的官方标价。华尔街认为,公司具备持续提价而不致客户流失的底气。</p><h2 style=\"text-align: left;\">Wedbush:服务器CPU缺货为英特尔提价创造空间</h2><p style=\"text-align: left;\">Wedbush证券分析师马特·布赖森(Matt Bryson)在客户报告中指出,服务器CPU的持续短缺使英特尔拥有提价而不伤及需求的定价弹性。</p><p style=\"text-align: left;\">他表示,当前关键问题并非英特尔能否提价,而是涨价落在哪个环节——是官方标价与OEM厂商实际采购价同步上行,还是主要调整零售端及分销渠道价格。</p><p style=\"text-align: left;\">鉴于服务器芯片占英特尔业务比重更大,此轮涨价将显著拉动盈利增长。若涨价普遍落地,则意味着英特尔多年来首次重获定价权,折射出供给紧张格局。</p><h2 style=\"text-align: left;\">CFO:服务器CPU收入增长主要靠均价提升</h2><p style=\"text-align: left;\">在6月2日美银全球技术大会上,首席财务官大卫·津斯纳(David Zinsner)透露,上季度公司服务器CPU收入同比增长约20%-25%,主要驱动力来自平均售价(ASP)上升,而非出货量增长。</p><p style=\"text-align: left;\">他解释,随着单芯片核心数增加,价格自然上行;更值得关注的是,英特尔在单核同口径下也实现价格回升,而这一指标此前多年持续下滑。津斯纳还表示,公司正与客户锁定长期协议,固定价格与采购量,从而提升产能规划的可见性。</p><p style=\"text-align: left;\">他补充称,当前需求足以支撑今年、明年乃至后年的增长,目前制约因素在于供给而非客户意愿——用他的话讲,“今天随便造出一颗CPU,大概都能卖得掉”。</p><h2 style=\"text-align: left;\">AI重构需求结构:CPU/GPU配比逆转</h2><p style=\"text-align: left;\">需求本身正被人工智能深刻重塑。英特尔首席执行官陈立武(Lip-Bu Tan)在5月19日<a href=\"https://laohu8.com/S/JPM\">摩根大通</a>技术会议上透露,AI系统中CPU与GPU的配比已发生巨变。</p><p style=\"text-align: left;\">训练时代的工作负载高度依赖GPU,通常为1颗CPU配8颗GPU;而在代理式AI(Agentic AI)场景下——软件代理自主规划、调用工具并完成多步任务——客户反馈配比已接近1:1,部分案例甚至达到4颗CPU配1颗GPU。</p><p style=\"text-align: left;\">在6月2日台北国际电脑展(Computex)主题演讲中,公司副总裁凯沃克·凯奇安(Kevork Kechichian)现场演示了传统AI推理与代理式AI工作流的对比:传统模式GPU占比接近7:1,而代理式AI则转向CPU主导,因代理需频繁执行数据获取、代码运行及规则校验等CPU擅长的任务。</p><h2 style=\"text-align: left;\">股价目标与长期展望</h2><p style=\"text-align: left;\">对英特尔股东而言,“涨价+供给约束”的组合远优于前些年“降价保量”侵蚀利润的格局。津斯纳表示,公司已将先进制程18A的良率达标时间提前至少一个季度,这将有助于加快芯片产出,缓解当前产能瓶颈。</p><p style=\"text-align: left;\">此外,英特尔设定了内部称为“45法则”的长期财务目标,即营收增长与营业利润率合计超过45%。津斯纳称此为多年期目标,虽非短期可实现,但成本优化、定价趋稳及需求上行均指向正确方向。</p><p style=\"text-align: left;\">当然,一旦新增产能释放,定价权能否维持仍存变数。但至少目前,这家多年来苦于向华尔街讲好增长故事的芯片巨头,拥有了一个更简洁有力的叙事:需求跑赢供给,客户宁愿加价也不离场。</p><p style=\"text-align: left;\">覆盖英特尔股票的46位分析师中,11人建议“强力买入”,1人建议“买入”,32人建议“中性”,2人建议“强力卖出”。平均目标价为102.87美元,低于当前股价112美元。</p></body></html>","source":"stock_zhitongcaijing","collect":0,"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>英特尔重获定价权:CPU供不应求引发全线涨价,华尔街称“造一颗卖一颗”</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\">\n英特尔重获定价权:CPU供不应求引发全线涨价,华尔街称“造一颗卖一颗”\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-07-13 16:33 北京时间 <a href=http://www.zhitongcaijing.com/content/detail/1466496.html><strong>智通财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>英特尔目前面临的不是客户流失,而是芯片供不应求。这家半导体巨头在过去一年中,全力修复其中央处理器(CPU)在个人电脑与数据中心服务器核心部件市场上的声誉。然而,这场复苏故事如今遇到了新瓶颈:产能无法跟上订单节奏,且短缺已开始反映在价格端。媒体消息显示,英特尔已在三季度前夕上调了至强(Xeon)服务器芯片及酷睿Ultra(Core Ultra)笔记本芯片的官方标价。华尔街认为,公司具备持续提价而不致...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/1466496.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e58fcd4a67c330616cf11ed02c0ac7c5","relate_stocks":{"BK4588":"碎股","BK4550":"红杉资本持仓","LU0081259029.USD":"UBS (LUX) EQUITY FUND - TECH OPPORTUNITY \"P\" (USD) ACC","IE000WAW04H5.SGD":"RQI GLOBAL \"I\" (SGD) INC A","BK4605":"半导体精选","IE0000B7K699.USD":"RQI GLOBAL \"I\" (USD) INC","LU2543165471.USD":"E FUND (HK) GLOBAL QUALITY GROWTH \"A\" (USD) ACC","LU0859254822.USD":"T ROWE PRICE GLOBAL VALUE EQUITY \"A\" (USD) ACC","IE000SO60NU8.SGD":"RQI GLOBAL \"I\" (SGDHDG) ACC A","IE000BZT7R73.USD":"RQI GLOBAL \"I\" (USD) ACC","LU0149725797.USD":"汇丰美国股市经济规模基金","LU0154236417.USD":"BGF US FLEXIBLE EQUITY \"A2\" ACC","LU2357627491.SGD":"TRP GLOBAL VALUE EQUITY \"AH\" (SGDHDG) ACC","AIQ":"Global X Artificial Intelligence & Technology ETF","IE000MB6IJN5.SGD":"RQI GLOBAL \"I\" (SGD) ACC","LEGR":"First Trust Indxx Innovative Transaction & Process ETF","BK4554":"元宇宙及AR概念","LU0097036916.USD":"贝莱德美国增长A2 USD","BK4512":"苹果概念","LINT":"Direxion Daily INTC Bull 2X ETF","BK4543":"AI","LU2148611432.USD":"AZ ALLOCATION BALANCED BRAVE \"AAZ\" (USDHDG) ACC","BK4527":"明星科技股","INTC":"英特尔","CHPS":"XTRACKERS SEMICONDUCTOR SELECT EQUITY ETF","LU0321505868.SGD":"Schroder ISF Global Dividend Maximiser A Dis SGD","LU2720916845.USD":"BGF GLOBAL UNCONSTRAINED EQUITY \"A2\" (USD) ACC","BK4579":"人工智能","LU0321505439.SGD":"Schroder ISF Global Dividend Maximiser A Acc SGD","IE000M9KFDE8.USD":"NEUBERGER BERMAN US LARGE CAP VALUE \"A\" (USD) ACC","HK0000304805.HKD":"PICTET 战略收益基金 P类港元","DRIV":"Global X Autonomous & Electric Vehicles ETF","BK4141":"半导体产品","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","HK0000304797.USD":"PICTET 战略收益基金 P类 美元","LU2764263039.SGD":"BGF GLOBAL UNCONSTRAINED EQUITY \"A2\" (SGDHDG) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","TTEQ":"T. Rowe Price Technology ETF","XNTK":"SPDR NYSE Technology ETF","BK4529":"IDC概念","BK4602":"量子计算概念","SOXX":"iShares费城交易所半导体ETF","AIS":"VistaShares Artificial Intelligence Supercycle ETF","LU2764263203.CNY":"BGF GLOBAL UNCONSTRAINED EQUITY \"A2\" (CNYHDG) ACC","BK4575":"芯片概念","LU0082616367.USD":"摩根大通美国科技A(dist)","LU2089985449.USD":"MANULIFE GF GLOBAL SEMICONDUCTOR OPPORTUNITIES \"AA\" (USD) ACC","LU0274383776.USD":"MANULIFE GF US SMALL CAP EQUITY \"AA\" (USD) INC","BK4535":"淡马锡持仓","LU2931357623.SGD":"MANULIFE GF GLOBAL SEMICONDUCTOR OPPORTUNITIES \"AA\" (SGDHDG) ACC","FTXL":"First Trust Nasdaq Semiconductor ETF","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4515":"5G概念","INTW":"2倍做多INTC ETF-GraniteShares","BK4612":"AI芯片","LU2764262908.HKD":"BGF GLOBAL UNCONSTRAINED EQUITY \"A2\" (HKD) ACC","QQQA":"ProShares Nasdaq-100 Dorsey Wright Momentum ETF","IE000F7OJYX1.SGD":"RQI GLOBAL \"I\" (SGDHDG) INC"},"source_url":"http://www.zhitongcaijing.com/content/detail/1466496.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2651266196","content_text":"英特尔目前面临的不是客户流失,而是芯片供不应求。这家半导体巨头在过去一年中,全力修复其中央处理器(CPU)在个人电脑与数据中心服务器核心部件市场上的声誉。然而,这场复苏故事如今遇到了新瓶颈:产能无法跟上订单节奏,且短缺已开始反映在价格端。媒体消息显示,英特尔已在三季度前夕上调了至强(Xeon)服务器芯片及酷睿Ultra(Core Ultra)笔记本芯片的官方标价。华尔街认为,公司具备持续提价而不致客户流失的底气。Wedbush:服务器CPU缺货为英特尔提价创造空间Wedbush证券分析师马特·布赖森(Matt Bryson)在客户报告中指出,服务器CPU的持续短缺使英特尔拥有提价而不伤及需求的定价弹性。他表示,当前关键问题并非英特尔能否提价,而是涨价落在哪个环节——是官方标价与OEM厂商实际采购价同步上行,还是主要调整零售端及分销渠道价格。鉴于服务器芯片占英特尔业务比重更大,此轮涨价将显著拉动盈利增长。若涨价普遍落地,则意味着英特尔多年来首次重获定价权,折射出供给紧张格局。CFO:服务器CPU收入增长主要靠均价提升在6月2日美银全球技术大会上,首席财务官大卫·津斯纳(David Zinsner)透露,上季度公司服务器CPU收入同比增长约20%-25%,主要驱动力来自平均售价(ASP)上升,而非出货量增长。他解释,随着单芯片核心数增加,价格自然上行;更值得关注的是,英特尔在单核同口径下也实现价格回升,而这一指标此前多年持续下滑。津斯纳还表示,公司正与客户锁定长期协议,固定价格与采购量,从而提升产能规划的可见性。他补充称,当前需求足以支撑今年、明年乃至后年的增长,目前制约因素在于供给而非客户意愿——用他的话讲,“今天随便造出一颗CPU,大概都能卖得掉”。AI重构需求结构:CPU/GPU配比逆转需求本身正被人工智能深刻重塑。英特尔首席执行官陈立武(Lip-Bu Tan)在5月19日摩根大通技术会议上透露,AI系统中CPU与GPU的配比已发生巨变。训练时代的工作负载高度依赖GPU,通常为1颗CPU配8颗GPU;而在代理式AI(Agentic AI)场景下——软件代理自主规划、调用工具并完成多步任务——客户反馈配比已接近1:1,部分案例甚至达到4颗CPU配1颗GPU。在6月2日台北国际电脑展(Computex)主题演讲中,公司副总裁凯沃克·凯奇安(Kevork Kechichian)现场演示了传统AI推理与代理式AI工作流的对比:传统模式GPU占比接近7:1,而代理式AI则转向CPU主导,因代理需频繁执行数据获取、代码运行及规则校验等CPU擅长的任务。股价目标与长期展望对英特尔股东而言,“涨价+供给约束”的组合远优于前些年“降价保量”侵蚀利润的格局。津斯纳表示,公司已将先进制程18A的良率达标时间提前至少一个季度,这将有助于加快芯片产出,缓解当前产能瓶颈。此外,英特尔设定了内部称为“45法则”的长期财务目标,即营收增长与营业利润率合计超过45%。津斯纳称此为多年期目标,虽非短期可实现,但成本优化、定价趋稳及需求上行均指向正确方向。当然,一旦新增产能释放,定价权能否维持仍存变数。但至少目前,这家多年来苦于向华尔街讲好增长故事的芯片巨头,拥有了一个更简洁有力的叙事:需求跑赢供给,客户宁愿加价也不离场。覆盖英特尔股票的46位分析师中,11人建议“强力买入”,1人建议“买入”,32人建议“中性”,2人建议“强力卖出”。平均目标价为102.87美元,低于当前股价112美元。","news_type":1,"symbols_score_info":{"AIS":0.6,"TTEQ":0.6,"QQQA":0.6,"SOXX":0.6,"LEGR":0.6,"XNTK":0.6,"INTC":1.97,"AIQ":0.6,"LINT":0.6,"FTXL":0.6,"INTW":0.6,"DRIV":0.6,"CHPS":0.6}},"isVote":1,"tweetType":1,"viewCount":242,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":20,"optionInvolvedFlag":false,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/585326526985056"}
精彩评论