Behind the high ＂AI＂ content financial reports released by Microsoft, Google and AMD： Q4, the leader of A-share multi-modal AI model, saw its net profit increase by more than 23 times from the previou
Cailian News on February 4th (edited by Xuri)The AI arms race that has been raging for a whole year has ushered in the year-end exam.Technology giants such as Microsoft, Google and AMD have handed in their latest quarterly financial reports this week.. As the top five core cloud vendors in the world, Microsoft and Google have been secretly competing. The financial report shows that Microsoft’s revenue in the second fiscal quarter of fiscal year 2024 was 62 billion US dollars, an increase of 18% year-on-year; Net profit was $21.9 billion, a year-on-year increase of 33%. In comparison, Google’s revenue in this quarter was $86.3 billion.The year-on-year growth rate of 13% is slightly lower than that of Microsoft..
In the core cloud business,Microsoft’s revenue in intelligent cloud in the second fiscal quarter was $25.9 billion, a year-on-year increase of 20%.It still has the best growth rate in Microsoft’s three core business units. Google’s cloud business earned $9.2 billion in the quarter, a year-on-year increase of 26%. Some analysts pointed out that,Google used to be the leader of AI, but now it is being surpassed by Microsoft.. Microsoft’s "cloud-software -AI" three major businesses are growing in rotation and interlocking. Google’s current AI strategy is in a dilemma, and advertising and cloud services are fighting each other.
On the other hand, AMD, which has been fighting with NVIDIA for a long time, also released the latest financial report. The financial report shows that AMD’s revenue in the fourth quarter was $6.17 billion, slightly higher than analysts’ expectations of $6.13 billion.Sales of data centers (including AI server chips) increased by 38% year-on-year to $2.28 billion.. Lisa su, chairman and CEO of AMD, said in a conference call recently,It is estimated that the company’s sales of artificial intelligence chips (MI300) will reach $3.5 billion in 2024.Higher than the previous forecast of $2 billion.
▌ The performance of the "Hundred Models War" went to the second half: half of the AI big model manufacturers’ annual reports were pre-earned, and the net profit of Iflytek Q4 was the highest, which was 23 times higher than that of the previous month. Yuncong Technology’s share price fell by over 70%.
Analysts pointed out that compared with Microsoft’s product business release rhythm in AI and big model, Google’s product business layout is backward everywhere. Google’s challenge to GPT-4′ s multi-modal large model Gemini was officially launched in December, nine months later than the former. Some analysts said that the result of this isIn 2023, Google Cloud didn’t get much computing bonus brought by the model..
Some insiders pointed out that AI model manufacturers will face fierce competition and elimination in 2024.Only 10 enterprises will play an important role in the future.. With the continuous disclosure of the A-share 2023 annual report,The performance of the whole industry has been divided.It also seems to verify the above conjecture. Previously, in the "Hundred Models War" started by ChatGPT in the domestic market, the performance of A-share players such as Iflytek, Sanliuluo and Kunlun Wanwei in the first half of last year was disappointing, but after the AI big model came to the second half,Many listed companies have tasted the "sweetness" of the AI big model.
According to Choice statistics, as of press time,Twenty multi-modal AI model listed companies, including Dahua, Hang Seng Electronics, Iflytek, Jihong, Shengshi Technology, vision china, Chinese Online, Yunding Technology, Yijiahe, Tuoersi, Jingyeda, Xuan Ya International, Netda Software, Zhongke Jincai, Danghong Technology, Lisheng Sports, Suzhou Keda, 360, Yuncong Technology and Tomcat, have released annual report forecasts.Among them, 11 listed companies have pre-earned annual reports.The top three rankings of the maximum net profit of returning to the mother are Dahua, Hang Seng Electronics and Iflytek., the details are as follows:
Specifically, Iflytek, the first echelon of the domestic big model, achieved a net profit of 99.3621 million yuan in the first three quarters of last year, down 76.36% year-on-year. However, the company Q4 is expected to realize a net profit of 545-630 million yuan.The chain increased by 2013%-2342%. In the announcement, the company said that it will continue to invest in the "iFLYTEK Spark Cognitive Model" and keep ahead of the industry. In addition, Iflytek released the first nationwide open model "iFLYTEK Spark V3.5" based on national productivity training on Tuesday.In language understanding and mathematics ability, it surpasses GPT-4 Turbo, the code reaches 96% of GPT-4 Turbo, and the multimodal understanding reaches 91% of GPT-4 V..
On the other side,360, Yuncong Technology, Tomcat and other established AI model manufacturers’ annual report performance forecasts are still at a loss.. As for the reasons for the loss of performance, 360 said in the forecast of the annual report,The estimated loss of this year’s performance is mainly affected by investment gains and losses and caused by large losses of some joint ventures.. Tom Cat said in the announcement that during the reporting period, the company continued to increase the research and development of new products. At present, the company has reserved a number of products with new gameplay and new models such as My Hank Dog: Island and Jinjie Cat’s Playground, as well as AI application products such as Tom Cat AI Storytelling and Talking Ben AI.
In the secondary market, the share prices of most AI model listed companies are still "deeply mired". Although Iflytek relied on Q4′ s performance, the company’s share price recorded a daily limit the day after the announcement of the annual report.However, the cumulative maximum decline since the historical high in June 2023 has reached 54%..
Looking at it for a long time, the share price of 360Since the peak in April 2023, the cumulative maximum decline has reached 68%., Yuncong Technology Share PriceSince the historical high in April 2023, the cumulative maximum decline has reached 75%..
▌AMD overweight investment in AI chips against the performance of A-share listed companies in NVIDIA industrial chain "mixed". The share price of Xinyuan shares fell by more than 70%
With the outbreak of AI big model, the demand for AI chips is rising, and global technology companies are competing to buy NVIDIA GPU. NVIDIA closed up more than 4% on Friday,Once again hit a record high.. As an old rival of NVIDIA, AMD’s share price rose more than 4% on Friday.Approaching historical highs. The company launched a series of artificial intelligence accelerators named MI300 last month. This chip helps companies develop artificial intelligence models through a large amount of data. CEO lisa su said,Sales of artificial intelligence chips in the fourth quarter exceeded the expected $400 million..
Judging from the performance forecast of the recently released annual report,The performance of listed companies in AMD industrial chain is "mixed". Among them, Xinyuan Co., Ltd. has a pre-loss of 272 million yuan to 298 million yuan in 2023. As the largest packaging and testing supplier of AMD, Tongfu Microelectronics.In 2023, the highest net profit will drop by over 70%..
It is worth mentioning that many semiconductor listed companies are still optimistic about the future demand of AI chips. Tongfu Microelectronics said in the latest annual report that the company actively promoted the market-oriented application of Chiplet.Take orders for computing chips and realize mass production on a large scale.. The performance in the second half of 2023 was significantly improved compared with the performance in the first half of 2023, turning losses into profits. Wei Zhejia, president of TSMC, pointed out at the legal person briefing that the demand for advanced packaging of artificial intelligence (AI) chips continues to be strong, and the current production capacity cannot meet the needs of customers.The shortage of supply may continue until 2025..
However, some analysts pointed out that the AI craze may have masked the fact that the actual demand for semiconductors has declined. In the past year,Only a few companies benefit from the demand for AI chips, and most semiconductor companies still face the dilemma of overstocked inventory and sluggish demand.. Core original shares also said in the annual report forecast that in 2023, the global semiconductor industry will face severe challenges and the overall market demand will slow down.
Looking at the performance of the secondary market, SMIC shares in AMD industrial chainIt hit a record low in intraday trading on Friday.Take a long time to look at the stock price.Since the peak in April 2023, the cumulative maximum decline has reached 73%..
