$AMD · Jose Najarro Stocks · 2026-10-27
我不买入 AMD：它是一家了不起的公司，但已经涨得太远、太快，而且相对 Nvidia 偏贵——AMD 按今年盈利计为 73 倍，按前瞻盈利计为 24 倍。我认为未来一年 Nvidia 的投资回报率高于 AMD，同时 AMD 也未必会下跌。
逐段跳播
我们从 Meta、Oracle、Nvidia、AMD 那里得到了很多关于 AI 领域投资动态的消息。
We got so many updates on investments happening in the AI world from Meta, from Oracle, from Nvidia, from AMD.
甚至会流向 AMD。
even flows to AMD.
Marll 的远期市盈率不到20倍，而 AMD 的 EPS 增长是24%、130%、162%、194%、207%。我们怎么想？难道它到29年就会断崖式下跌吗？不会发生。
You got Marll under 20 times forward in AMD at 24 130 162 194 207% EPS growth. What do we think? It's just going to fall off a cliff in 29. It's not happening.
我觉得 AMD 投了10亿。
I think AMD invested 1 billion.
看，我不买 AMD 是有原因的。各位，它是一家好公司，别误会，它是一家了不起的公司。我只是觉得它涨得太远、太快了。
look, there's a reason I'm not buying AMD. Everybody, it's a great company. Don't get me wrong. It's an incredible company. I just think it's run too far, too fast.
我可能是错的。我觉得，今天先不管已经发生了什么，显然它一直是更好的投资。我认为从今天的水平看，未来一年 Nvidia 的回报率比 AMD 更高。
I'm probably wrong. I think today, forget what's happened. Obviously, it's been a better investment. I think today there is more ROI from today's levels in Nvidia than AMD over the next year.
我可能是错的。我希望、我认为 AMD 会表现不错，但我确实认为相比 Nvidia 它很贵。这不意味着它不能涨到7800。我不知道。但我不是说它一定会跌。这就是我不买 AMD 的原因，因为我只是觉得，如果我要再买芯片股，那会是 AMD 和 Broadcom。
I could be wrong. I hope I think AMD is going to do well, but I do think that it's expensive compared to Nvidia. That doesn't mean it can't go to 7800. I don't know. But I'm not saying it's got to go down.
That's why I'm not buying AMD because I just think that in if I was going to buy more of a chip, it would be AMD and Broadcom.
我是说，我持有 AMD。Steve，但我同意这种看法：现在我们所处的市场里，你仍然可以实现大幅的收入增长，同时还能以极低的远期市盈率交易，就像我们在 Broadcom 身上看到的，就像我们在 Nvidia 身上看到的。
I mean, I I I own AMD. Um, Steve, but I agree to the sentiment where like right now we're in the market where you can still grow at massive levels in revenue and you could still be trading at a extremely cheap forward PE ratio like we saw with Broadcom, like we see with Nvidia.
我觉得 AMD 是，如果一切顺利，它有更多额外的增长，207%。增长更多，但同时风险也更大，因为如果它们没做到会怎样，对吧？
Um, I think with AMD is um, you have more added growth if everything succeeds. 207%. there's more growth, but at the same time, you have more risk because what happens if they don't, right?
看，我不担心它们不达预期。我只是说，按今年盈利算是73倍市盈率，而它们的远期市盈率是24倍。
See, I'm not worried about them missing. I'm just saying paying 73 times this year's earnings and they're trading at 24 times forward.
而 AMD 的 EPS 增长是24%、130%、162%、194%、207%。我们怎么想？难道它到29年就会断崖式下跌吗？不会发生。
and AMD at 24 130 162 194 207% EPS growth. What do we think? It's just going to fall off a cliff in 29. It's not happening.
这个频道对 $AMD 的历次判断
Jose Najarro Stocks 在这只股票上共 16 条判断，这里只列相邻的几条。