{"id":6854,"date":"2024-06-06T22:58:19","date_gmt":"2024-06-06T14:58:19","guid":{"rendered":"https:\/\/tenten.co\/blog\/?p=6854"},"modified":"2024-06-12T11:49:40","modified_gmt":"2024-06-12T03:49:40","slug":"nvidia-stock-another-strong-quarter","status":"publish","type":"post","link":"https:\/\/tenten.co\/blog\/investment\/nvidia-stock-another-strong-quarter\/","title":{"rendered":"Nvidia: \u70ba\u4ec0\u9ebc\u80a1\u50f9\u6301\u7e8c\u4e0a\u6f32\uff08NASDAQ: NVDA\uff09"},"content":{"rendered":"<p>Nvidia\uff08NASDAQ\uff1aNVDA\uff09\u57285\u6708\u5e95\u5831\u544a\u4e86\u53e6\u4e00\u500b\u51fa\u8272\u7684\u8ca1\u5831\u5f8c\uff0c\u4f3c\u4e4e\u7121\u53ef\u963b\u64cb\u3002\u5176AI GPU\u7684\u9700\u6c42\u6301\u7e8c\u52a0\u901f\uff0c\u7af6\u722d\u5c0d\u624b\u4ecd\u672a\u80fd\u5927\u898f\u6a21\u751f\u7522\u81ea\u5df1\u7684AI\u6676\u7247\uff0c\u516c\u53f8\u4f3c\u4e4e\u6709\u8db3\u5920\u7684\u6a5f\u6703\u5728\u63a5\u4e0b\u4f86\u7684\u5b63\u5ea6\u4e2d\u7a4d\u6975\u8d85\u51fa\u9810\u671f\u3002\u56e0\u6b64\uff0c\u6211\u5c0dNvidia\u7684\u672a\u4f86\u6301\u7e8c\u4fdd\u6301\u6a02\u89c0\uff0c\u56e0\u70ba\u5176\u6210\u9577\u6545\u4e8b\u4f3c\u4e4e\u9084\u9060\u672a\u7d50\u675f\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/i.imgur.com\/d5naToA.jpeg\" alt=\"\u53f0\u7063\u53f0\u5317\u7684Nvidia\u516c\u53f8\u5927\u6a13\u3002\" \/><\/p>\n<h2><strong>\u5f37\u52e2\u6f32\u52e2\u96e3\u4ee5\u963b\u64cb<\/strong><\/h2>\n<p>\u65e9\u5728\u4e09\u6708\uff0c\u6211\u5beb\u4e86\u4e00\u7bc7\u984c\u70ba<a href=\"https:\/\/tenten.co\/blog\/investment\/nvidia-this-is-not-a-bubble\/\">Nvidia\uff1a\u9019\u4e0d\u662f\u6ce1\u6cab<\/a>\u7684\u6587\u7ae0\uff0c\u5176\u4e2d\u6211\u6307\u51fa\uff0c\u5118\u7ba1Nvidia\u7684\u80a1\u50f9\u5728\u6700\u8fd1\u5e7e\u500b\u6708\u5927\u5e45\u589e\u9577\uff0c\u4f46\u7531\u65bc\u516c\u53f8\u57fa\u672c\u9762\u7684\u5f37\u52c1\u8868\u73fe\uff0c\u8a72\u80a1\u4e0d\u592a\u53ef\u80fd\u8655\u65bc\u6ce1\u6cab\u72c0\u614b\u3002\u5728\u90a3\u7bc7\u6587\u7ae0\u4e2d\uff0c\u6211\u9084\u63d0\u5230\uff0cNvidia AI\u6676\u7247\u9700\u6c42\u7684\u6301\u7e8c\u4e0a\u5347\u5e6b\u52a9\u516c\u53f8\u5728\u904e\u53bb\u5e7e\u500b\u5b63\u5ea6\u4e2d\u5927\u5e45\u8d85\u51fa\u9810\u671f\uff0c\u4e26\u4e14\u7531\u65bc\u5404\u7a2e\u589e\u9577\u6a5f\u6703\uff0c\u516c\u53f8\u6709\u8db3\u5920\u7684\u65b9\u6cd5\u5728\u53ef\u9810\u898b\u7684\u672a\u4f86\u5275\u9020\u984d\u5916\u7684\u80a1\u6771\u50f9\u503c\u3002\u5f9e\u90a3\u6642\u8d77\uff0cNvidia\u7684\u80a1\u50f9\u4e0a\u6f32\u4e86\u7d0435%\uff0c\u5927\u5e45\u8d85\u8d8a\u5e02\u5834\u8868\u73fe\uff0c\u4e26\u4e14\u516c\u53f8\u7684\u6210\u9577\u6545\u4e8b\u53ef\u80fd\u9084\u9060\u672a\u7d50\u675f\u3002<\/p>\n<p>\u5e7e\u9031\u524d\u767c\u5e03\u7684Q1\u6700\u65b0\u8ca1\u5831\u986f\u793a\uff0cNvidia\u5728\u9019\u500b\u968e\u6bb5\u7121\u6cd5\u88ab\u963b\u64cb\uff0c\u56e0\u70ba\u5176\u92b7\u552e\u984d\u4e3b\u8981\u7531\u65bc\u5176AI\u6676\u7247\u9700\u6c42\u7684\u589e\u52a0\u800c\u7e7c\u7e8c\u4ee5\u4e09\u4f4d\u6578\u7684\u901f\u5ea6\u589e\u9577\u3002\u66f4\u91cd\u8981\u7684\u662f\uff0cNvidia\u5728Q1\u7684\u6536\u5165\u9054\u5230260.4\u5104\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u9577262.2%\uff0c\u4e26\u4e14\u8d85\u51fa\u83ef\u723e\u8857\u9810\u671f14.5\u5104\u7f8e\u5143\u3002\u516c\u53f8\u9084\u5c55\u793a\u4e86\u51fa\u8272\u7684\u5e95\u7dda\u8868\u73fe\uff0c\u5176\u975eGAAP\u6bcf\u80a1\u6536\u76ca\u70ba6.12\u7f8e\u5143\uff0c\u8d85\u51fa\u9810\u671f0.54\u7f8e\u5143\u3002<\/p>\n<p>\u9019\u6a23\u7684\u51fa\u8272\u8868\u73fe\u5f97\u76ca\u65bc\u516c\u53f8AI GPU\u5982H100\u7684\u9700\u6c42\u6301\u7e8c\u4e0a\u5347\uff0c\u9019\u4e9b\u6676\u7247\u88ab\u7528\u65bc\u904b\u884c\u751f\u6210\u5f0fAI\u61c9\u7528\u5982ChatGPT\u3002\u66f4\u91cd\u8981\u7684\u662f\uff0cNvidia\u6709\u6a5f\u6703\u5728\u53ef\u9810\u898b\u7684\u672a\u4f86\u7e7c\u7e8c\u8d85\u51fa\u9810\u671f\uff0c\u56e0\u70ba\u6c92\u6709\u7406\u7531\u76f8\u4fe1AI GPU\u7684\u9700\u6c42\u6703\u6025\u5287\u4e0b\u964d\u3002<\/p>\n<p>\u9451\u65bc\u751f\u6210\u5f0fAI\u7684\u63a1\u7528\u7387\u63d0\u9ad8\u4e86\u7d44\u7e54\u7684\u751f\u7522\u529b\u7d0425%\uff0c\u4e26\u4e14\u9810\u8a08\u5728\u672a\u4f86\u5e7e\u5e74\u5c07\u63d0\u9ad8\u5168\u7403GDP\u9ad8\u905410%\uff0c\u5f88\u53ef\u80fd\u6703\u6709\u66f4\u591a\u516c\u53f8\u958b\u59cb\u8d70\u4e0aAI\u7684\u9053\u8def\u3002\u9019\u53ef\u80fd\u5c0e\u81f4\u672a\u4f86AI\u652f\u51fa\u589e\u95771\u842c\u5104\u7f8e\u5143\uff0c\u4e26\u9593\u63a5\u5e6b\u52a9Nvidia\u9032\u4e00\u6b65\u63d0\u5347\u92b7\u552e\u984d\u3002\u8003\u616e\u5230Nvidia\u76ee\u524d\u4ee5\u8d85\u904e90%\u7684\u5e02\u5834\u4efd\u984d\u4e3b\u5c0eAI GPU\u5e02\u5834\uff0c\u53ef\u4ee5\u5b89\u5168\u5730\u5047\u8a2d\u5b83\u6709\u8db3\u5920\u7684\u6a5f\u6703\u7e7c\u7e8c\u8d85\u51fa\u9810\u671f\u4e26\u5275\u9020\u984d\u5916\u7684\u80a1\u6771\u50f9\u503c\uff0c\u56e0\u70ba\u516c\u53f8\u548c\u653f\u5e9c\u624d\u525b\u958b\u59cb\u63a1\u7528\u751f\u6210\u5f0fAI\u3002<\/p>\n<p>\u6b64\u5916\uff0cNvidia\u7684\u512a\u52e2\u4e4b\u4e00\u662f\u7f3a\u4e4f\u6709\u529b\u7684\u7af6\u722d\u5c0d\u624b\u3002\u96d6\u7136AMD \u7684MI300\u7cfb\u5217AI GPU\u770b\u8d77\u4f86\u6bd4Nvidia\u7684H100 GPU\u66f4\u5f37\u5927\uff0c\u4f46\u9810\u8a08AMD\u4eca\u5e74\u5c07\u5f9e\u9019\u4e9bGPU\u4e2d\u7522\u751f\u50c540\u5104\u7f8e\u5143\u7684\u92b7\u552e\u984d\u3002\u76f8\u6bd4\u4e4b\u4e0b\uff0cNvidia\u5728Q1\u5df2\u7d93\u7522\u751f\u4e86\u66f4\u591a\u6536\u5165\uff0c\u5176\u6578\u64da\u4e2d\u5fc3\u6536\u5165\u8d85\u904e200\u5104\u7f8e\u5143\u3002\u96d6\u7136\u53e6\u4e00\u500b\u7af6\u722d\u5c0d\u624bIntel\u8a08\u5283\u5728\u4eca\u5e74\u665a\u4e9b\u6642\u5019\u63a8\u51fa\u540d\u70baGaudi3\u7684AI GPU\uff0c\u4f46\u6211\u5f88\u96e3\u76f8\u4fe1\u5b83\u80fd\u7522\u751f\u8207Nvidia H100\u76ee\u524d\u76f8\u540c\u7684\u92b7\u552e\u984d\u3002<\/p>\n<p>\u540c\u6642\uff0c\u96d6\u7136AMD\u548cIntel\u7684\u6676\u7247\u53ef\u80fd\u6bd4H100\u66f4\u5f37\u5927\uff0c\u4f46\u9019\u5c0dNvidia\u4f86\u8aaa\u4e26\u4e0d\u91cd\u8981\uff0c\u56e0\u70ba\u8a72\u516c\u53f8\u9810\u8a08\u5c07\u63a8\u51fa\u65b0\u4e00\u4ee3AI GPU\uff0c\u9810\u8a08\u5c07\u8d85\u8d8a\u7af6\u722d\u5c0d\u624b\u3002Nvidia\u8a08\u5283\u5728Q2\u767c\u5e03H200\u7cfb\u5217\uff0c\u4e26\u4e14\u5df2\u7d93\u9810\u8a08\u9700\u6c42\u5c07\u5728\u4e00\u6bb5\u6642\u9593\u5167\u8d85\u904e\u4f9b\u61c9\u3002\u6b64\u5916\uff0cNvidia\u9084\u9810\u8a08\u5728\u53ef\u9810\u898b\u7684\u672a\u4f86\u63a8\u51fa\u66f4\u5f37\u5927\u7684Blackwell AI GPU\u7cfb\u5217\u3002\u6700\u65b0\u7684Blackwell GPU\u7684\u751f\u7522\u51fa\u8ca8\u9810\u8a08\u5c07\u5728\u672c\u5b63\u5ea6\u958b\u59cb\uff0c\u516c\u53f8\u76f8\u4fe1\u5728\u672c\u8ca1\u5e74\u5c07\u7522\u751f\u5927\u91cf\u7684Blackwell\u76f8\u95dc\u92b7\u552e\u984d\u3002\u518d\u52a0\u4e0aNvidia\u6700\u8fd1\u5ba3\u5e03\u4e86\u4e00\u6b3e\u4ee3\u865f\u70ba&#8217;Rubin&#8217;\u7684\u66f4\u5f37\u5927\u7684\u6676\u7247\uff0c\u9810\u8a08\u5c07\u57282026\u5e74\u767c\u5e03\uff0c\u5f88\u660e\u986f\u8a72\u516c\u53f8\u9060\u9060\u9818\u5148\u65bc\u7af6\u722d\u5c0d\u624b\uff0c\u4e26\u6709\u671b\u5728\u672a\u4f86\u5e7e\u5e74\u5167\u4fdd\u6301\u5176\u5728AI GPU\u5e02\u5834\u7684\u58df\u65b7\u5730\u4f4d\u3002<\/p>\n<p>\u6240\u6709\u9019\u4e9b\u90fd\u61c9\u8a72\u5e6b\u52a9Nvidia\u7684\u696d\u52d9\u5728\u4e00\u6bb5\u6642\u9593\u5167\u7e7c\u7e8c\u8d85\u51fa\u9810\u671f\uff0c\u56e0\u70ba\u5176\u6210\u9577\u6545\u4e8b\u4f3c\u4e4e\u9084\u9060\u672a\u7d50\u675f\u3002\u516c\u53f8\u5df2\u7d93\u9810\u8a08\u5728Q2\u7522\u751f280\u5104\u7f8e\u5143\u7684\u6536\u5165\uff0c\u8d85\u51fa\u4e4b\u524d\u7684269.4\u5104\u7f8e\u5143\u5171\u8b58\uff0c\u56e0\u70ba\u5176\u6676\u7247\u7684\u9700\u6c42\u6c92\u6709\u653e\u7de9\u3002\u540c\u6642\uff0c\u8a08\u5283\u5728\u9031\u4e94\u9032\u884c\u768410\u6bd41\u80a1\u7968\u62c6\u5206\u53ef\u80fd\u6703\u5438\u5f15\u66f4\u591a\u6295\u8cc7\u8005\uff0c\u4f7fNvidia\u7684\u80a1\u7968\u6210\u70ba\u66f4\u5177\u5438\u5f15\u529b\u7684\u6295\u8cc7\u3002<\/p>\n<h2><strong>\u9700\u8981\u8003\u616e\u7684\u4e3b\u8981\u98a8\u96aa<\/strong><\/h2>\n<p>\u5118\u7ba1\u6709\u6240\u6709\u7684\u589e\u9577\u6a5f\u6703\uff0cNvidia\u4ecd\u7136\u9762\u81e8\u4e00\u4e9b\u6311\u6230\uff0c\u9019\u4e9b\u6311\u6230\u53ef\u80fd\u6703\u7834\u58de\u5176\u696d\u52d9\u7684\u589e\u9577\u4e26\u5c0d\u5176\u80a1\u7968\u8868\u73fe\u7522\u751f\u8ca0\u9762\u5f71\u97ff\u3002<\/p>\n<p>\u9996\u5148\uff0c\u9810\u671f\u5168\u7403\u7d93\u6fdf\u589e\u9577\u653e\u7de9\u53ef\u80fd\u6703\u5c0dNvidia\u7684\u589e\u9577\u7387\u7522\u751f\u8ca0\u9762\u5f71\u97ff\uff0c\u56e0\u70ba\u9019\u53ef\u80fd\u4fc3\u4f7f\u516c\u53f8\u524a\u6e1b\u958b\u652f\uff0c\u9019\u53ef\u80fd\u6703\u5c0d\u672a\u4f86\u7684\u6676\u7247\u92b7\u552e\u7522\u751f\u8ca0\u9762\u5f71\u97ff\u3002<\/p>\n<p>\u540c\u6642\uff0c\u7531\u65bcOPEC+\u6301\u7e8c\u6e1b\u7522\uff0c\u6f5b\u5728\u7684\u80fd\u6e90\u6210\u672c\u4e0a\u5347\u53ef\u80fd\u6703\u4f7f\u7f8e\u806f\u5132\u4fdd\u6301\u9df9\u6d3e\u653f\u7b56\u4e26\u5728\u66f4\u9577\u6642\u9593\u5167\u4fdd\u6301\u66f4\u9ad8\u7684\u5229\u7387\u3002\u5728\u9019\u7a2e\u60c5\u6cc1\u4e0b\uff0cNvidia\u7684\u9802\u7dda\u589e\u9577\u7387\u4e5f\u53ef\u80fd\u53d7\u5230\u8ca0\u9762\u5f71\u97ff\uff0c\u56e0\u70ba\u66f4\u9ad8\u7684\u5229\u7387\u63d0\u9ad8\u4e86\u4f01\u696d\u7684\u501f\u8cb8\u6210\u672c\u4e26\u6291\u5236\u4e86\u7d93\u6fdf\u589e\u9577\u3002<\/p>\n<p>\u9664\u6b64\u4e4b\u5916\uff0c\u5730\u7de3\u653f\u6cbb\u98a8\u96aa\u7684\u4e0a\u5347\u4e5f\u70baNvidia\u5e36\u4f86\u4e86\u4e00\u4e9b\u6311\u6230\u3002\u5728\u6700\u65b0\u7684\u96fb\u8a71\u6703\u8b70\u4e2d\uff0c\u516c\u53f8\u7ba1\u7406\u5c64\u5df2\u7d93\u8868\u793a\uff0c\u7531\u65bc\u7f8e\u570b\u5be6\u65bd\u7684\u6676\u7247\u51fa\u53e3\u9650\u5236\uff0c\u5176\u5728\u4e2d\u570b\u7684\u6578\u64da\u4e2d\u5fc3\u92b7\u552e\u984d\u986f\u8457\u4e0b\u964d\u3002\u96d6\u7136Nvidia\u8a2d\u8a08\u4e86\u6027\u80fd\u8f03\u4f4e\u7684\u6676\u7247\u4ee5\u9075\u5b88\u65b0\u898f\u5247\u4e26\u7559\u5728\u4e2d\u570b\u5e02\u5834\uff0c\u4f46\u73fe\u5728\u516c\u53f8\u5728\u4e2d\u570b\u5927\u9678\u8207\u4e2d\u570b\u4f01\u696d\u7af6\u722d\u8b8a\u5f97\u66f4\u52a0\u56f0\u96e3\u3002\u76ee\u524d\u770b\u4f86\uff0c\u4e2d\u570b\u7684\u83ef\u70ba\u53ef\u80fd\u6210\u70baNvidia\u5728\u5927\u9678\u7684\u6f5b\u5728\u7af6\u722d\u5c0d\u624b\uff0c\u800c\u4e2d\u570b\u516c\u53f8\u6b63\u5728\u964d\u4f4e\u8a2d\u8a08\u4ee5\u7b26\u5408\u7f8e\u570b\u7684\u898f\u5b9a\u4e26\u78ba\u4fdd\u5728\u53f0\u7a4d\u96fbTSM\u7684\u751f\u7522\u3002\u9019\u8868\u660e\uff0c\u4e2d\u7f8e\u6676\u7247\u6230\u722d\u5c0dNvidia\u5728\u4e2d\u570b\u7684AI GPU\u9818\u57df\u58df\u65b7\u80fd\u529b\u7522\u751f\u4e86\u5f71\u97ff\uff0c\u4e26\u4e14\u7531\u65bc\u51fa\u53e3\u9650\u5236\uff0c\u5176\u5e02\u5834\u4efd\u984d\u53ef\u80fd\u6703\u6e1b\u5c11\u3002<\/p>\n<p>\u6700\u5f8c\u4f46\u540c\u6a23\u91cd\u8981\u7684\u662f\uff0c\u5317\u4eac\u5728\u672a\u4f86\u5341\u5e74\u5167\u5c0d\u53f0\u7063\u7684\u6f5b\u5728\u5165\u4fb5\u4e5f\u53ef\u80fd\u7acb\u5373\u6467\u6bc0Nvidia\u7684\u5546\u696d\u6a21\u5f0f\uff0c\u56e0\u70ba\u8a72\u516c\u53f8\u4f9d\u8cf4\u53f0\u7a4d\u96fb\u751f\u7522\u5176\u65d7\u8266\u6676\u7247\u3002\u8003\u616e\u5230\u53f0\u7a4d\u96fb\u4e0d\u592a\u53ef\u80fd\u5b8c\u5168\u5c07\u5176\u5de5\u5ee0\u642c\u51fa\u53f0\u7063\uff0c\u800c\u5317\u4eac\u5728\u53f0\u7063\u6d77\u5cfd\u4e0d\u65b7\u63d0\u9ad8\u7dca\u5f35\u5c40\u52e2\uff0c\u53ef\u4ee5\u5b89\u5168\u5730\u5047\u8a2d\u5730\u7de3\u653f\u6cbb\u98a8\u96aa\u5c07\u7e7c\u7e8c\u56f0\u64feNvidia\u591a\u5e74\u3002<\/p>\n<h2>**<strong>Nvidia\u80a1\u7968\u7684\u672a\u4f86\u8d70\u52e2<\/strong><\/h2>\n<p>\u8003\u616e\u5230Nvidia\u7684\u6240\u6709\u589e\u9577\u6a5f\u6703\u548c\u98a8\u96aa\uff0c\u6700\u7d42\u554f\u984c\u662f\u516c\u53f8\u7684\u7576\u524d\u80a1\u50f9\u662f\u5426\u63d0\u4f9b\u4e86\u8db3\u5920\u7684\u5b89\u5168\u908a\u969b\u4f86\u652f\u6301\u9577\u671f\u6301\u5009\u3002\u70ba\u4e86\u56de\u7b54\u9019\u500b\u554f\u984c\uff0c\u6211\u5efa\u7acb\u4e86\u4e00\u500bDCF\u6a21\u578b\uff0c\u5982\u4e0b\u6240\u793a\u3002<\/p>\n<p>\u8003\u616e\u5230Nvidia\u5728\u904e\u53bb\u56db\u500b\u5b63\u5ea6\u4e2d\u4e0d\u65b7\u8d85\u51fa\u6536\u5165\u9810\u671f\uff0c\u7576\u6642\u5176AI GPU\u9700\u6c42\u5927\u5e45\u4e0a\u5347\uff0c\u6211\u5c0d2025\u8ca1\u5e74\u7684\u6536\u5165\u9810\u671f\u7565\u9ad8\u65bc\u5e02\u5834\u5171\u8b58\u3002\u9019\u662f\u56e0\u70baNvidia\u5f88\u53ef\u80fd\u518d\u6b21\u8d85\u51fa\u9810\u671f\uff0c\u4e26\u4fc3\u4f7f\u5e02\u5834\u4e0a\u8abf\u4ed6\u5011\u7684\u9810\u671f\uff0c\u5c31\u50cf\u4e4b\u524d\u767c\u751f\u7684\u4e00\u6a23\u3002\u5f9e2026\u8ca1\u5e74\u8d77\uff0c\u6536\u5165\u589e\u9577\u7387\u958b\u59cb\u7de9\u6162\u7a69\u5b9a\u4e0b\u4f86\uff0c\u4f46\u4ecd\u7136\u986f\u8457\uff0c\u56e0\u70ba\u516c\u53f8\u7684GPU\u9700\u6c42\u4e0d\u592a\u53ef\u80fd\u5728\u77ed\u671f\u5167\u5927\u5e45\u4e0b\u964d\uff0c\u540c\u6642\u65b0\u6676\u7247\u7684\u767c\u5e03\u4e5f\u53ef\u80fd\u63d0\u5347\u92b7\u552e\u984d\u3002<\/p>\n<p>2025\u8ca1\u5e74\u7684\u606f\u7a05\u524d\u5229\u6f64\uff08EBIT\uff09\u4f54\u6536\u5165\u7684\u6bd4\u4f8b\u4e5f\u63a5\u8fd12024\u8ca1\u5e74\u7684\u6c34\u5e73\uff0c\u6b64\u5f8c\u6211\u9810\u8a08\u6703\u9010\u6f38\u6539\u5584\u5230\u66f4\u9ad8\u6c34\u5e73\u3002\u9019\u662f\u56e0\u70ba\u6f5b\u5728\u7684AI\u9032\u4e00\u6b65\u7a81\u7834\uff0c\u52a0\u4e0a\u7f3a\u4e4f\u4e3b\u8981\u7af6\u722d\u5c0d\u624b\u4ee5\u53caAI GPU\u9700\u6c42\u7684\u6301\u7e8c\u4e0a\u5347\uff0c\u53ef\u80fd\u6703\u5c0e\u81f4\u516c\u53f8\u5229\u6f64\u7387\u63d0\u9ad8\u3002<\/p>\n<p>\u6a21\u578b\u4e2d\u7684\u7a05\u6536\u5047\u8a2d\u8207\u7ba1\u7406\u5c64\u7684\u9810\u671f\u4e00\u81f4\uff0c\u800c\u5176\u9918\u6307\u6a19\u7684\u5047\u8a2d\u5247\u8207Nvidia\u7684\u6b77\u53f2\u8868\u73fe\u5bc6\u5207\u76f8\u95dc\u3002\u6a21\u578b\u4e2d\u7684\u52a0\u6b0a\u5e73\u5747\u8cc7\u672c\u6210\u672c\uff08WACC\uff09\u70ba8%\uff0c\u63a5\u8fd1\u5e02\u5834\u7684\u5e73\u5747\u5229\u7387\u3002\u8003\u616e\u5230\u6f5b\u5728\u7684\u964d\u606f\u4ecd\u6709\u53ef\u80fd\uff0c\u672a\u4f86\u4e00\u5e74\u501f\u8cb8\u6210\u672c\u53ef\u80fd\u6703\u4e0b\u964d\uff0c\u56e0\u6b64\u5728\u6a21\u578b\u4e2d\u4f7f\u75288%\u7684WACC\u662f\u5408\u7406\u7684\u3002\u6a21\u578b\u4e2d\u7684\u7d42\u7aef\u589e\u9577\u7387\u70ba3%\uff0c\u9019\u4e5f\u662f\u5c0d\u516c\u53f8\u4f30\u503c\u6642\u5e38\u7528\u7684\u5e73\u5747\u5229\u7387\u3002\u5c0d\u65bcNvidia\u4f86\u8aaa\uff0c\u61c9\u7528\u9019\u500b\u5229\u7387\u662f\u5408\u7406\u7684\uff0c\u56e0\u70ba\u5728\u9059\u9060\u7684\u672a\u4f86\uff0c\u696d\u52d9\u7684\u589e\u9577\u7387\u5c07\u6703\u6b63\u5e38\u5316\uff0c\u6c92\u6709\u54ea\u5bb6\u516c\u53f8\u80fd\u6c38\u9060\u8d85\u8d8a\u5168\u7403\u7d93\u6fdf\u7684\u589e\u9577\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/i.imgur.com\/BWgN4kI.png\" alt=\"Nvidia\u7684DCF\u6a21\u578b\" \/>]<\/p>\n<p>Nvidia\u7684DCF\u6a21\u578b\uff08\u6b77\u53f2\u6578\u64da\uff1aSeeking Alpha\uff0c\u5047\u8a2d\uff1a\u4f5c\u8005\uff09<\/p>\n<p>\u9019\u500b\u6a21\u578b\u986f\u793aNvidia\u7684\u4f01\u696d\u50f9\u503c\u70ba2.96\u842c\u5104\u7f8e\u5143\uff0c\u5176\u62c6\u5206\u524d\u7684\u5408\u7406\u50f9\u503c\u70ba\u6bcf\u80a11202.15\u7f8e\u5143\uff0c\u9019\u63a5\u8fd1\u7576\u524d\u5e02\u5834\u50f9\u683c\uff0c\u4e5f\u63a5\u8fd1\u5e02\u5834\u5171\u8b58\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/i.imgur.com\/zydznLN.png\" alt=\"Nvidia\u7684DCF\u6a21\u578b\" \/><br \/>\nNvidia\u7684DCF\u6a21\u578b\uff08\u6b77\u53f2\u6578\u64da\uff1aSeeking Alpha\uff09<\/p>\n<p>\u9019\u500b\u5408\u7406\u50f9\u503c\u8a08\u7b97\u4e5f\u986f\u8457\u9ad8\u65bc\u6211\u4e4b\u524d\u5728\u6700\u65b0DCF\u6a21\u578b\u4e2d\u8a08\u7b97\u51fa\u7684795.50\u7f8e\u5143\u7684\u5408\u7406\u50f9\u503c\u3002\u9019\u6a23\u7684\u4f30\u503c\u5927\u5e45\u589e\u52a0\u662f\u7531\u65bc\u6a21\u578b\u4e2d\u66f4\u9ad8\u7684\u6536\u5165\u548cEBIT\u5047\u8a2d\u3002\u9019\u4e9b\u5047\u8a2d\u7684\u6539\u9032\u662f\u7531\u65bcNvidia\u696d\u52d9\u7684\u6301\u7e8c\u8d85\u5e38\u8868\u73fe\u4ee5\u53caGPU\u9700\u6c42\u7684\u4e0a\u5347\u3002\u5728\u516c\u53f8Q1\u8868\u73fe\u51fa\u8272\u5f8c\uff0c\u5e02\u5834\u4e5f\u958b\u59cb\u4fee\u6b63\u4ed6\u5011\u7684\u6536\u5165\u548c\u6536\u76ca\u5047\u8a2d\uff0c\u56e0\u70baNvidia\u7684\u589e\u9577\u901f\u5ea6\u8d85\u904e\u4e86\u4e00\u4e9b\u6700\u72c2\u91ce\u7684\u9810\u6e2c\u3002<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/i.imgur.com\/vyvbGqz.png\" alt=\"Nvidia\u7684\u9810\u671f\u4fee\u6b63\" \/><\/p>\n<h4>Nvidia\u7684\u9810\u671f\u4fee\u6b63\uff08Seeking Alpha\uff09<\/h4>\n<p>\u9019\u5c31\u662f\u70ba\u4ec0\u9ebc\u6211\u7e7c\u7e8c\u7d66Nvidia\u7684\u80a1\u7968\u8a55\u7d1a\u70ba\u8cb7\u5165\uff0c\u56e0\u70ba\u5176\u6210\u9577\u6545\u4e8b\u4f3c\u4e4e\u9084\u9060\u672a\u7d50\u675f\u3002\u96d6\u7136\u6709\u4e9b\u4eba\u8a8d\u70ba\u516c\u53f8\u7684\u80a1\u50f9\u5728\u7576\u524d\u50f9\u683c\u4e0b\u63d0\u4f9b\u7684\u5b89\u5168\u908a\u969b\u5f88\u5c0f\uff0c\u5c24\u5176\u662f\u8003\u616e\u5230\u696d\u52d9\u5728\u8207\u540c\u884c\u76f8\u6bd4\u7684\u591a\u6578\u6307\u6a19\u4e0a\u88ab\u9ad8\u4f30\uff0c\u4f46\u6211\u8a8d\u70ba\u5728\u9019\u500b\u968e\u6bb5Nvidia\u7684\u9ad8\u500d\u6578\u4e26\u4e0d\u503c\u5f97\u9a5a\u614c\u3002<\/p>\n<p>\u5118\u7ba1Nvidia\u7684\u9810\u671f\u5e02\u76c8\u7387\u70ba45\u500d\uff0c\u9ad8\u65bc\u5e02\u5834\u5e73\u5747\u768428\u500d\uff0c\u4f46\u516c\u53f8\u5728Q1\u7684\u6536\u76ca\u4ee5\u4e09\u4f4d\u6578\u589e\u9577\u7387\u589e\u9577\uff0c\u800c\u5927\u5e02\u5834\u540c\u671f\u7684\u589e\u9577\u7387\u70ba\u500b\u4f4d\u6578\u3002\u8003\u616e\u5230\u5728\u5f8cCovid\u6642\u671f\uff0c\u6211\u5011\u66fe\u6709\u4f01\u696d\u4ee5\u8d85\u904e100\u500d\u7684\u6536\u76ca\u4ea4\u6613\uff0c\u4f46\u5b83\u5011\u4e26\u672a\u9054\u5230Nvidia\u76f8\u540c\u7684\u589e\u9577\u7387\uff0c\u6211\u8a8d\u70ba\u516c\u53f8\u7684\u76f8\u5c0d\u9ad8\u500d\u6578\u4e26\u4e0d\u662f\u4e00\u500b\u503c\u5f97\u9a5a\u614c\u7684\u539f\u56e0\u3002<\/p>\n<p>\u6b64\u5916\uff0cNvidia\u6709\u53ef\u80fd\u7e7c\u7e8c\u8d85\u51fa\u9810\u671f\uff0c\u4fc3\u4f7f\u5e02\u5834\u548c\u6211\u518d\u6b21\u63d0\u9ad8\u5047\u8a2d\uff0c\u9019\u5c07\u5c0e\u81f4\u66f4\u9ad8\u7684\u4f30\u503c\u3002\u9019\u5c31\u662f\u70ba\u4ec0\u9ebc\u6211\u5c0dNvidia\u4fdd\u6301\u6a02\u89c0\uff0c\u56e0\u70ba\u6211\u66f4\u65b0\u7684\u5047\u8a2d\u53ef\u80fd\u6700\u7d42\u9084\u662f\u592a\u4fdd\u5b88\uff0c\u82e5\u516c\u53f8\u5728\u63a5\u4e0b\u4f86\u7684\u5b63\u5ea6\u4e2d\u7e7c\u7e8c\u8d85\u51fa\u9810\u671f\uff0c\u53ef\u80fd\u6703\u6709\u66f4\u986f\u8457\u7684\u4e0a\u884c\u7a7a\u9593\u3002<\/p>\n<h2><strong>\u7d50\u8ad6<\/strong><\/h2>\n<p>\u76ee\u524d\u770b\u4f86\uff0cNvidia\u662f\u7121\u6cd5\u88ab\u963b\u64cb\u7684\u3002\u96d6\u7136\u5730\u7de3\u653f\u6cbb\u98a8\u96aa\u5c07\u7e7c\u7e8c\u56f0\u64fe\u516c\u53f8\u591a\u5e74\uff0c\u4e26\u6700\u7d42\u958b\u59cb\u986f\u8457\u524a\u5f31\u5176\u589e\u9577\u6545\u4e8b\uff0c\u4f46\u9019\u6a23\u7684\u60c5\u6cc1\u4f3c\u4e4e\u77ed\u671f\u5167\u4e0d\u6703\u5be6\u73fe\u3002\u96d6\u7136\u6211\u5728\u6700\u65b0\u7684Nvidia\u6587\u7ae0\u4e2d\u7684\u6a21\u578b\u986f\u793a\u516c\u53f8\u80a1\u7968\u7684\u4e0a\u884c\u7a7a\u9593\u6709\u9650\uff0c\u4f46\u7531\u65bc\u6211\u8a8d\u70ba\u6211\u7684\u5047\u8a2d\u53ef\u80fd\u904e\u65bc\u4fdd\u5b88\uff0c\u8003\u616e\u5230AI GPU\u7684\u9700\u6c42\u6fc0\u589e\uff0c\u6211\u4ecd\u7136\u7d66\u4e88\u8a72\u80a1\u7968\u8cb7\u5165\u8a55\u7d1a\u3002\u4e8b\u5be6\u8b49\u660e\u9019\u500b\u8a55\u7d1a\u662f\u6210\u529f\u7684\uff0c\u56e0\u70ba\u5047\u8a2d\u78ba\u5be6\u904e\u65bc\u4fdd\u5b88\uff0c\u4e0a\u884c\u7a7a\u9593\u66f4\u5927\u3002<\/p>\n<p>\u73fe\u5728\uff0c\u6211\u5011\u8655\u65bc\u540c\u6a23\u7684\u4f4d\u7f6e\uff0c\u5373\u5728Nvidia Q1\u6210\u529f\u8868\u73fe\u5f8c\uff0c\u63d0\u9ad8\u4e86\u5047\u8a2d\uff0c\u4f46\u5373\u4fbf\u662f\u9019\u4e9b\u65b0\u5047\u8a2d\u4e5f\u53ef\u80fd\u518d\u6b21\u904e\u65bc\u4fdd\u5b88\uff0c\u56e0\u70baAI GPU\u7684\u9700\u6c42\u4f3c\u4e4e\u6b63\u5728\u52a0\u901f\u3002\u56e0\u6b64\uff0c\u96d6\u7136\u6211\u66f4\u65b0\u7684\u6a21\u578b\u986f\u793a\u76ee\u524d\u7684\u5b89\u5168\u908a\u969b\u53ef\u80fd\u5f88\u5c0f\uff0c\u4f46\u6211\u4ecd\u7136\u5805\u6301\u5c0dNvidia\u80a1\u7968\u7684\u8cb7\u5165\u8a55\u7d1a\uff0c\u56e0\u70ba\u516c\u53f8\u6709\u771f\u6b63\u7684\u6a5f\u6703\u6293\u4f4fAI\u6676\u7247\u9700\u6c42\u4e0a\u5347\u7684\u6a5f\u6703\uff0c\u518d\u6b21\u8d85\u51fa\u6700\u72c2\u91ce\u7684\u9810\u671f\u3002<\/p>\n<p><strong>\u5206\u6790\u5e2b\u62ab\u9732\uff1a<\/strong> \u6211\/\u6211\u5011\u5728NVDA\u7684\u80a1\u7968\u4e2d\u6301\u6709\u9577\u671f\u6301\u5009\uff0c\u901a\u904e\u80a1\u7968\u6301\u6709\u3001\u671f\u6b0a\u6216\u5176\u4ed6\u884d\u751f\u5de5\u5177\u3002\u6211\u672c\u4eba\u5beb\u4e86\u9019\u7bc7\u6587\u7ae0\uff0c\u9019\u8868\u9054\u4e86\u6211\u81ea\u5df1\u7684\u89c0\u9ede\u3002\u6211\u6c92\u6709\u63a5\u53d7\u4efb\u4f55\u4eba\u7684\u5831\u916c\u3002\u6211\u8207\u6587\u4e2d\u63d0\u5230\u7684\u4efb\u4f55\u516c\u53f8\u4e4b\u9593\u6c92\u6709\u4efb\u4f55\u696d\u52d9\u95dc\u4fc2\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"NVIDIA \u5e02\u503c\u8d85\u904e Apple, \u6210\u70ba\u5168\u7403\u7b2c\u4e8c\u5927\u516c\u53f8\u3002\u5118\u7ba1Nvidia\u7684\u80a1\u50f9\u5728\u6700\u8fd1\u5e7e\u500b\u6708\u5927\u5e45\u589e\u9577\uff0c\u4f46\u7531\u65bc\u516c\u53f8\u57fa\u672c\u9762\u7684\u5f37\u52c1\u8868\u73fe\uff0c\u8a72\u80a1\u4e0d\u592a\u53ef\u80fd\u8655\u65bc\u6ce1\u6cab\u72c0\u614b","protected":false},"author":3,"featured_media":6886,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","footnotes":""},"categories":[532],"tags":[530],"ppma_author":[534],"class_list":["post-6854","post","type-post","status-publish","format-standard","has-post-thumbnail","category-investment","tag-investment","cs-entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nvidia: \u70ba\u4ec0\u9ebc\u80a1\u50f9\u6301\u7e8c\u4e0a\u6f32\uff08NASDAQ: NVDA\uff09 - Tenten Blog<\/title>\n<meta name=\"description\" content=\"NVIDIA \u5e02\u503c\u8d85\u904e Apple, \u6210\u70ba\u5168\u7403\u7b2c\u4e8c\u5927\u516c\u53f8\u3002\u5118\u7ba1Nvidia\u7684\u80a1\u50f9\u5728\u6700\u8fd1\u5e7e\u500b\u6708\u5927\u5e45\u589e\u9577\uff0c\u4f46\u7531\u65bc\u516c\u53f8\u57fa\u672c\u9762\u7684\u5f37\u52c1\u8868\u73fe\uff0c\u8a72\u80a1\u4e0d\u592a\u53ef\u80fd\u8655\u65bc\u6ce1\u6cab\u72c0\u614b\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tenten.co\/blog\/investment\/nvidia-stock-another-strong-quarter\/\" \/>\n<meta property=\"og:locale\" content=\"zh_TW\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nvidia: \u70ba\u4ec0\u9ebc\u80a1\u50f9\u6301\u7e8c\u4e0a\u6f32\uff08NASDAQ: NVDA\uff09 - Tenten Blog\" \/>\n<meta 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