服务器CPU市场洗牌?瑞银：AMD(AMD.US)、Arm(ARM.US)一季度侵蚀英特尔(INTC.US)市场份额_老虎社区_美港股上老虎

服务器CPU市场洗牌?瑞银：AMD(AMD.US)、Arm(ARM.US)一季度侵蚀英特尔(INTC.US)市场份额

智通财经05-14

智通财经APP获悉，瑞银表示，Arm Holdings(ARM.US)和AMD(AMD.US)第一季度的服务器CPU出货量环比增长超过英特尔(INTC.US)，并继续以侵蚀英特尔份额的方式实现增长。"服务器CPU总出货量环比增长约6%(或同比增长约19%)，好于约7%的正常季节性跌幅。ARM和AMD的出货量增长超过英特尔，并持续蚕食英特尔的市场份额。按厂商划分，英特尔的市场份额下降了约370个基点...

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Holdings(ARM.US)和AMD(AMD.US)第一季度的服务器CPU出货量环比增长超过英特尔(INTC.US)，并继续以侵蚀英特尔份额的方式实现增长。\"服务器CPU总出货量环比增长约6%(或同比增长约19%)，好于约7%的正常季节性跌幅。ARM和AMD的出货量增长超过英特尔，并持续蚕食英特尔的市场份额。按厂商划分，英特尔的市场份额下降了约370个基点...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/1441513.html\">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":"LU2543165471.USD","symbol_name":"E FUND (HK) GLOBAL QUALITY GROWTH \"A\" (USD) ACC","start_time":0,"source_url":"http://www.zhitongcaijing.com/content/detail/1441513.html","article_id":"2635768450","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2635768450","pubTimestamp":1778721862,"columns":[],"sourceInfo":{"source_id":"stock_zhitongcaijing","name":"智通财经网"},"weMediaInfo":null,"summary":"智通财经APP获悉，瑞银表示，Arm 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(USD) INC","SG9999001424.SGD":"United E-Commerce Fund SGD","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4585":"ETF&股票定投概念","LU2148611432.USD":"AZ ALLOCATION BALANCED BRAVE \"AAZ\" (USDHDG) ACC","ARM":"ARM Holdings","AMD":"美国超微公司"},"translate_title":"Server CPU Market Shuffle? UBS: AMD (AMD.US), ARM (ARM.US) Erode Intel's (INTC.US) Market Share in Q1","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/731d9d34927d44c709c91869d5d2ba4b","symbols_score_info":{"AMDD":0.6,"AMDS":0.6,"ARMU":0.6,"AMDU":0.6,"AMDW":0.6,"AMDL":0.6,"AMUU":0.6,"INTC":1.98,"AMDG":0.6,"DAMD":0.6,"AMDY":0.6,"04335":1.98,"AMD":1.97,"ARMW":0.6,"AMYY":0.6,"ARM":1.94,"INTW":0.6,"LINT":0.6,"ARMG":0.6},"content_text":"智通财经APP获悉，瑞银表示，Arm Holdings(ARM.US)和AMD(AMD.US)第一季度的服务器CPU出货量环比增长超过英特尔(INTC.US)，并继续以侵蚀英特尔份额的方式实现增长。\"服务器CPU总出货量环比增长约6%(或同比增长约19%)，好于约7%的正常季节性跌幅。ARM和AMD的出货量增长超过英特尔，并持续蚕食英特尔的市场份额。按厂商划分，英特尔的市场份额下降了约370个基点(至54.9%)，而AMD的市场份额上升了230个基点(至27.4%)，ARM的市场份额上升了140个基点(至17.7%)，\"该行由Timothy Arcuri领导的分析师团队表示。该行分析师指出，ARM的市场份额从11.5%同比增长至17.7%，AMD的市场份额从24.1%增长至27.4%，而英特尔的市场份额则从64.4%下降至54.9%。在x86市场，按营收计算，英特尔的份额下降了490个基点(至53.8%)，而AMD的份额达到46.2%——这是因为英特尔的服务器出货量环比下降了1%，而AMD的服务器出货量环比增长了15%。分析师表示，在服务器CPU于2025年同比增长21%之后，他们预计到2026年不会出现任何放缓，因为超大规模数据中心的资本支出(即capex)同比增长近81%，而代理式AI推动了对CPU需求的阶跃式增长。\"虽然所有CPU架构都将在短期内受益于AI需求的增长，但鉴于ARM架构的节能特性，我们预计超大规模数据中心将大力采用ARM架构作为头节点及其他应用。而AMD凭借业界领先的核心数量和多线程能力，能够在单台设备上运行多个子代理，从而更好地处理代理工作负载，因此占据了有利地位。我们相信，随着Coral Rapids系列产品的推出，英特尔的服务器路线图将更具竞争力，同时我们也认为，随着代理工作负载在本地运行，将催化中期内个人电脑市场的增长，英特尔在客户端方面也将因此受益，\"Arcuri及其团队表示。此外，分析师指出，2026年第一季度PC CPU总出货量(包括台式机和移动设备)环比下降13%，比五年平均水平(环比下降7%)低6个百分点，这是连续第二个季度低于季节性增长，同比下降6%。x86台式机CPU出货量环比下降26%(正常季节性为环比下降19%)，x86笔记本电脑CPU出货量环比下降7%(正常季节性为环比下降5%)。按出货量计算，英特尔台式机市场份额环比增长160个基点(至61.6%)，但笔记本电脑市场份额环比下降160个基点(至59.8%)，尽管Panther Lake处理器提前上市，但其综合市场份额仍下降80个基点至60.2%。AMD的出货量市场份额增长10个基点(至25.3%)，Arm的市场份额增长50个基点(至14.4%)。按营收计算，市场份额的环比变化趋势类似。分析师指出，英特尔和AMD的PC平均售价(ASP)环比均实现了中等个位数百分比的增长，高于通常较为平稳的正常季节性水平。瑞银预测，由于内存价格上涨导致全年需求受损，2026年全球个人电脑出货量将同比下降约11%。\"具体而言，我们认为2026年第一季度出现了一些在进一步涨价前的提前采购，预计随后2026年第二季度至第四季度将出现低于季节性的增长。因此，我们预测全球PC出货量约为2.42亿台，\"Arcuri及其团队表示。\"展望未来，鉴于内存价格持续高企、潜在的配置下调以及Windows 11过渡后更为正常的换机周期，预计2027年PC出货量仅能同比增长2%。尽管如此，AMD仍将继续直接从英特尔手中夺取客户端市场份额。\"","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","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":[{"id":563992078697288,"gmtCreate":1778727692942,"gmtModify":1778727696029,"author":{"id":"11107014341500","authorId":"11107014341500","name":"天空的星星","avatar":"https://static.tigerbbs.com/c86841c011641e27a5e95607f7abd2c9","vip":1,"crmLevel":9,"crmLevelSwitch":0,"wearingBadges":[],"idStr":"11107014341500","authorIdStr":"11107014341500"},"htmlText":"好害怕，不可能交出筹码的","listText":"好害怕，不可能交出筹码的","text":"好害怕，不可能交出筹码的","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/563992078697288","repostId":2635768450,"repostType":2,"repost":{"id":"2635768450","kind":"news","pubTimestamp":1778721862,"share":"https://www.laohu8.com/m/news/2635768450?lang=zh_CN&edition=full","pubTime":"2026-05-14 09:24","market":"sh","language":"zh","title":"服务器CPU市场洗牌?瑞银：AMD(AMD.US)、Arm(ARM.US)一季度侵蚀英特尔(INTC.US)市场份额","url":"https://stock-news.laohu8.com/highlight/detail?id=2635768450","media":"智通财经","summary":"智通财经APP获悉，瑞银表示，Arm Holdings和AMD第一季度的服务器CPU出货量环比增长超过英特尔，并继续以侵蚀英特尔份额的方式实现增长。\"服务器CPU总出货量环比增长约6%，好于约7%的正常季节性跌幅。该行分析师指出，ARM的市场份额从11.5%同比增长至17.7%，AMD的市场份额从24.1%增长至27.4%，而英特尔的市场份额则从64.4%下降至54.9%。尽管如此，AMD仍将继续直接从英特尔手中夺取客户端市场份额。","content":"<html><body><p>智通财经APP获悉，瑞银表示，<a href=\"https://laohu8.com/S/ARM\">Arm</a> Holdings(ARM.US)和<a href=\"https://laohu8.com/S/AMD\">AMD</a>(AMD.US)第一季度的服务器CPU出货量环比增长超过<a href=\"https://laohu8.com/S/INTC\">英特尔</a>(INTC.US)，并继续以侵蚀英特尔份额的方式实现增长。</p><p>\"服务器CPU总出货量环比增长约6%(或同比增长约19%)，好于约7%的正常季节性跌幅。ARM和AMD的出货量增长超过英特尔，并持续蚕食英特尔的市场份额。按厂商划分，英特尔的市场份额下降了约370个基点(至54.9%)，而AMD的市场份额上升了230个基点(至27.4%)，ARM的市场份额上升了140个基点(至17.7%)，\"该行由Timothy Arcuri领导的分析师团队表示。</p><p>该行分析师指出，ARM的市场份额从11.5%同比增长至17.7%，AMD的市场份额从24.1%增长至27.4%，而英特尔的市场份额则从64.4%下降至54.9%。在x86市场，按营收计算，英特尔的份额下降了490个基点(至53.8%)，而AMD的份额达到46.2%——这是因为英特尔的服务器出货量环比下降了1%，而AMD的服务器出货量环比增长了15%。</p><p>分析师表示，在服务器CPU于2025年同比增长21%之后，他们预计到2026年不会出现任何放缓，因为超大规模数据中心的资本支出(即capex)同比增长近81%，而代理式AI推动了对CPU需求的阶跃式增长。</p><p>\"虽然所有CPU架构都将在短期内受益于AI需求的增长，但鉴于ARM架构的节能特性，我们预计超大规模数据中心将大力采用ARM架构作为头节点及其他应用。而AMD凭借业界领先的核心数量和多线程能力，能够在单台设备上运行多个子代理，从而更好地处理代理工作负载，因此占据了有利地位。我们相信，随着Coral Rapids系列产品的推出，英特尔的服务器路线图将更具竞争力，同时我们也认为，随着代理工作负载在本地运行，将催化中期内个人电脑市场的增长，英特尔在客户端方面也将因此受益，\"Arcuri及其团队表示。</p><p>此外，分析师指出，2026年第一季度PC CPU总出货量(包括台式机和移动设备)环比下降13%，比五年平均水平(环比下降7%)低6个百分点，这是连续第二个季度低于季节性增长，同比下降6%。x86台式机CPU出货量环比下降26%(正常季节性为环比下降19%)，x86笔记本电脑CPU出货量环比下降7%(正常季节性为环比下降5%)。</p><p>按出货量计算，英特尔台式机市场份额环比增长160个基点(至61.6%)，但笔记本电脑市场份额环比下降160个基点(至59.8%)，尽管Panther Lake处理器提前上市，但其综合市场份额仍下降80个基点至60.2%。AMD的出货量市场份额增长10个基点(至25.3%)，Arm的市场份额增长50个基点(至14.4%)。按营收计算，市场份额的环比变化趋势类似。分析师指出，英特尔和AMD的PC平均售价(ASP)环比均实现了中等个位数百分比的增长，高于通常较为平稳的正常季节性水平。</p><p>瑞银预测，由于内存价格上涨导致全年需求受损，2026年全球个人电脑出货量将同比下降约11%。</p><p>\"具体而言，我们认为2026年第一季度出现了一些在进一步涨价前的提前采购，预计随后2026年第二季度至第四季度将出现低于季节性的增长。因此，我们预测全球PC出货量约为2.42亿台，\"Arcuri及其团队表示。\"展望未来，鉴于内存价格持续高企、潜在的配置下调以及Windows 11过渡后更为正常的换机周期，预计2027年PC出货量仅能同比增长2%。尽管如此，AMD仍将继续直接从英特尔手中夺取客户端市场份额。\"</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>服务器CPU市场洗牌?瑞银：AMD(AMD.US)、Arm(ARM.US)一季度侵蚀英特尔(INTC.US)市场份额</title>\n<style 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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服务器CPU市场洗牌?瑞银：AMD(AMD.US)、Arm(ARM.US)一季度侵蚀英特尔(INTC.US)市场份额\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-05-14 09:24 北京时间&nbsp;&nbsp;&nbsp;<a href=http://www.zhitongcaijing.com/content/detail/1441513.html><strong>智通财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>智通财经APP获悉，瑞银表示，Arm Holdings(ARM.US)和AMD(AMD.US)第一季度的服务器CPU出货量环比增长超过英特尔(INTC.US)，并继续以侵蚀英特尔份额的方式实现增长。\"服务器CPU总出货量环比增长约6%(或同比增长约19%)，好于约7%的正常季节性跌幅。ARM和AMD的出货量增长超过英特尔，并持续蚕食英特尔的市场份额。按厂商划分，英特尔的市场份额下降了约370个基点...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/1441513.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2543165471.USD":"E FUND (HK) GLOBAL QUALITY GROWTH \"A\" (USD) ACC","04335":"英特尔-T","AMYY":"GraniteShares YieldBOOST AMD ETF","LU0823421333.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) ACC","AMUU":"2倍做多AMD ETF-Direxion","LU1303367103.USD":"摩根大通多经理另类基金 A (acc)","LU0823421416.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) INC","BK4535":"淡马锡持仓","LU2098885051.SGD":"JPMorgan Funds - Multi-Manager Alternatives A (acc) SGD","LU2458330169.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A\" (SGD) ACC","LU0321505868.SGD":"Schroder ISF Global Dividend Maximiser A Dis SGD","BK4529":"IDC概念","IE00BMPRXQ63.HKD":"NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND \"A\" (HKDHDG) ACC","IE000M9KFDE8.USD":"NEUBERGER BERMAN US LARGE CAP VALUE \"A\" (USD) ACC","LU1880398554.USD":"AMUNDI FUNDS GLOBAL EQUITY \"A2\" (USD) 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ACC","ARM":"ARM Holdings","AMD":"美国超微公司"},"source_url":"http://www.zhitongcaijing.com/content/detail/1441513.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2635768450","content_text":"智通财经APP获悉，瑞银表示，Arm Holdings(ARM.US)和AMD(AMD.US)第一季度的服务器CPU出货量环比增长超过英特尔(INTC.US)，并继续以侵蚀英特尔份额的方式实现增长。\"服务器CPU总出货量环比增长约6%(或同比增长约19%)，好于约7%的正常季节性跌幅。ARM和AMD的出货量增长超过英特尔，并持续蚕食英特尔的市场份额。按厂商划分，英特尔的市场份额下降了约370个基点(至54.9%)，而AMD的市场份额上升了230个基点(至27.4%)，ARM的市场份额上升了140个基点(至17.7%)，\"该行由Timothy Arcuri领导的分析师团队表示。该行分析师指出，ARM的市场份额从11.5%同比增长至17.7%，AMD的市场份额从24.1%增长至27.4%，而英特尔的市场份额则从64.4%下降至54.9%。在x86市场，按营收计算，英特尔的份额下降了490个基点(至53.8%)，而AMD的份额达到46.2%——这是因为英特尔的服务器出货量环比下降了1%，而AMD的服务器出货量环比增长了15%。分析师表示，在服务器CPU于2025年同比增长21%之后，他们预计到2026年不会出现任何放缓，因为超大规模数据中心的资本支出(即capex)同比增长近81%，而代理式AI推动了对CPU需求的阶跃式增长。\"虽然所有CPU架构都将在短期内受益于AI需求的增长，但鉴于ARM架构的节能特性，我们预计超大规模数据中心将大力采用ARM架构作为头节点及其他应用。而AMD凭借业界领先的核心数量和多线程能力，能够在单台设备上运行多个子代理，从而更好地处理代理工作负载，因此占据了有利地位。我们相信，随着Coral Rapids系列产品的推出，英特尔的服务器路线图将更具竞争力，同时我们也认为，随着代理工作负载在本地运行，将催化中期内个人电脑市场的增长，英特尔在客户端方面也将因此受益，\"Arcuri及其团队表示。此外，分析师指出，2026年第一季度PC CPU总出货量(包括台式机和移动设备)环比下降13%，比五年平均水平(环比下降7%)低6个百分点，这是连续第二个季度低于季节性增长，同比下降6%。x86台式机CPU出货量环比下降26%(正常季节性为环比下降19%)，x86笔记本电脑CPU出货量环比下降7%(正常季节性为环比下降5%)。按出货量计算，英特尔台式机市场份额环比增长160个基点(至61.6%)，但笔记本电脑市场份额环比下降160个基点(至59.8%)，尽管Panther Lake处理器提前上市，但其综合市场份额仍下降80个基点至60.2%。AMD的出货量市场份额增长10个基点(至25.3%)，Arm的市场份额增长50个基点(至14.4%)。按营收计算，市场份额的环比变化趋势类似。分析师指出，英特尔和AMD的PC平均售价(ASP)环比均实现了中等个位数百分比的增长，高于通常较为平稳的正常季节性水平。瑞银预测，由于内存价格上涨导致全年需求受损，2026年全球个人电脑出货量将同比下降约11%。\"具体而言，我们认为2026年第一季度出现了一些在进一步涨价前的提前采购，预计随后2026年第二季度至第四季度将出现低于季节性的增长。因此，我们预测全球PC出货量约为2.42亿台，\"Arcuri及其团队表示。\"展望未来，鉴于内存价格持续高企、潜在的配置下调以及Windows 11过渡后更为正常的换机周期，预计2027年PC出货量仅能同比增长2%。尽管如此，AMD仍将继续直接从英特尔手中夺取客户端市场份额。\"","news_type":1,"symbols_score_info":{"AMDD":0.6,"AMDS":0.6,"ARMU":0.6,"AMDU":0.6,"AMDW":0.6,"AMDL":0.6,"AMUU":0.6,"INTC":1.98,"AMDG":0.6,"DAMD":0.6,"AMDY":0.6,"04335":1.98,"AMD":1.97,"ARMW":0.6,"AMYY":0.6,"ARM":1.94,"INTW":0.6,"LINT":0.6,"ARMG":0.6}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}