《AI Agent E-Comm "Disruption," and Agent CPU Demand Is Helping Intel Turn Its Business Around》
增量CPU需求主要利好Intel，推动营收加速和利润率改善；尽管其基本面强劲到足以支撑万亿美元估值，说话者仍将其排除在自己的投资组合之外。
这正是 CPU 将要发挥作用的地方，也是 Intel 以及 AMD 的机会。
That's where CPUs are going to come in, and this is the opportunity for Intel as well as AMD.
Intel 和 AMD 也在左边那里参与 GPU 和加速器，但主要是在 CPU 领域。所以这个故事也已经部分兑现了。我们在 CPU 上受到供应约束，尤其是 Intel。多年来其制造水平一直不达标，产能不足以满足需求。
因此，来自超大规模云厂商的所有这些增量需求对他们的财务是大利好。
Intel and AMD also participate on the left there in GPUs and accelerators, but primarily in the CPU space. So this story has also partially played out as well. We are supply constrained in CPUs, especially Intel.
Manufacturing has not been up to snuff for years now, and they do not have enough capacity to meet demand. So all that incremental demand from the hyperscalers is great for their financials.