<p><strong>英伟达</strong>(NVDA 3.48%) 和 <strong>超微电脑</strong>(SMCI 3.98%) 在当今最热门的增长领域之一：人工智能 (AI) 中扮演着关键角色。英伟达销售的图形处理单元 (GPU) 支持关键任务，如模型的训练和推理，以及许多其他相关产品和服务。超微电脑则是幕后推手，将这些及其他顶级 AI 芯片集成到其数据中心的服务器和工作站中。</p>
<p>得益于 AI 客户的需求，这两家公司在最近几个季度的盈利大幅增长。这转化为股价表现，过去五年中，英伟达和超微电脑的股价分别上涨了 2600% 和 1700%。</p>
<p>早期投资这些股票的投资者获益匪浅，其中一位特别的投资者是亿万富翁大卫·肖 (David Shaw)。他的公司 D.E. Shaw &amp; Co. 自 2008 年以来持有英伟达的股份，自 2022 年以来持有超微电脑的股份。计算机科学家肖在 1988 年创立了对冲基金，专注于量化投资，这是一种利用计算方法做出决策的过程。</p>
<p>D.E. Shaw 拥有超过 600 亿美元的投资和承诺资本，公司前五大持股均活跃于 AI 领域。在第三季度，肖对英伟达和超微电脑采取了行动。继续阅读以了解他购买了哪一只股票，出售了哪一只。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy83OTk4NTMvZ2V0dHlpbWFnZXMtd29tZW4taW52ZXN0b3JzLmpwZyZ3PTcwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy83OTk4NTMvZ2V0dHlpbWFnZXMtd29tZW4taW52ZXN0b3JzLmpwZyZ3PTcwMA"/></p>
<p>图片来源：Getty Images。</p>
<h2>英伟达</h2>
<p>近年来，英伟达建立了一个 AI 帝国，并在今天的 AI 芯片市场中占据主导地位。该公司是肖最大的持仓——他在最近的季度中增加了持仓。他将持股增加了 53%，达到 17,210,271 股。虽然无法 100% 准确预测这是否会是一个成功的决定，但有很多线索表明，这家 AI 公司的成功才刚刚开始。</p>
<p>这些成功之一是英伟达对创新的承诺。该公司承诺每年更新其 GPU，这一承诺应能使其在竞争对手中保持领先。目前，英伟达可能在推出其新架构 Blackwell 时迈出了巨大一步。这一平台可能会改变游戏规则，为客户提供速度、效率和可根据需求定制的各种功能。</p>
<p>英伟达在最近的财报电话会议中表示，Blackwell 的需求 “惊人”，并预测在当前季度——其商业化的第一季度，将实现数十亿美元的收入。这是在一个已经光明的背景下。</p>
<p>英伟达的收入在最近的多个季度中以三位数的速度飙升，每个季度都创下新高。在最新的季度中，收入超过 350 亿美元，而 Blackwell 应该会为未来几个季度的增长提供更多动力。</p>
<h2>超微电脑</h2>
<p>超微电脑与英伟达及其他芯片巨头密切合作，将他们的创新集成到自己的设备中，因此该公司实际上既受益于自己的产品，也受益于这些合作伙伴的新产品发布。在最近的季度中，肖将其在超微电脑的持仓减少了 89%，降至 273,060 股。</p>
<p>肖并不是最近唯一减少在超微电脑持仓的人，因为这家 AI 巨头面临与财务报告相关的各种问题。目前，超微电脑面临的关键问题是其在财务报告方面落后，甚至失去了审计师。</p>
<p>这一延迟使其面临 <strong>纳斯达克</strong> 除牌的风险。不过，好消息是超微电脑最近聘请了一位新审计师，并表示其目标是根据纳斯达克确定的新时间表提交年度和季度报告。</p>
<p>最近的动荡对超微电脑的股价造成了沉重打击，自八月底以来下跌了 28%。如果公司能够恢复报告合规性，未来可能会有光明的日子。毕竟，来自 AI 客户的需求强劲，AI 市场正处于早期增长阶段。然而，目前，包括肖在内的许多投资者已减少了在超微电脑的持仓。</p>

超微电脑

英伟达

<p>亿万富翁大卫·肖的 D.E. Shaw & Co.在第三季度对英伟达和超微电脑的股票进行了重大调整。肖将其英伟达持股增加了 53%，显示出对公司人工智能增长和新架构 Blackwell 的信心。相反，由于财务报告问题，他大幅削减了超微电脑的持股，减少了 89%，这导致其股价下跌了 28%。尽管面临挑战，超微电脑仍旨在恢复与纳斯达克报告要求的合规性，并受到强劲的人工智能需求的支持</p>

<p><strong>Nvidia</strong>(NVDA 3.48%) and <strong>Super Micro Computer</strong>(SMCI 3.98%) both are playing key roles in one of today's hottest growth areas: artificial intelligence (AI). Nvidia sells graphics processing units (GPUs) that power critical tasks such as the training and inferencing of models, along with many other related products and services. Supermicro is a behind-the-scenes player, integrating these and other top AI chips into its servers and workstations for data centers.</p>
<div class="lb-trans"><p><strong>英伟达</strong>(NVDA 3.48%) 和 <strong>超微电脑</strong>(SMCI 3.98%) 在当今最热门的增长领域之一：人工智能 (AI) 中扮演着关键角色。英伟达销售的图形处理单元 (GPU) 支持关键任务，如模型的训练和推理，以及许多其他相关产品和服务。超微电脑则是幕后推手，将这些及其他顶级 AI 芯片集成到其数据中心的服务器和工作站中。</p>
</div><p>Both companies have seen earnings soar in recent quarters, thanks to demand from AI customers. This has translated into share performance, with Nvidia and Supermicro advancing 2,600% and 1,700%, respectively, over the past five years.</p>
<div class="lb-trans"><p>得益于 AI 客户的需求，这两家公司在最近几个季度的盈利大幅增长。这转化为股价表现，过去五年中，英伟达和超微电脑的股价分别上涨了 2600% 和 1700%。</p>
</div><p>Investors who got in on these stocks early greatly benefited, and one, in particular, is billionaire David Shaw. His company D.E. Shaw &amp; Co. has held shares of Nvidia since 2008 and shares of Supermicro since 2022. Computer-scientist Shaw founded the hedge fund back in 1988 and specializes in quantitative investing, a process involving computational methods to make decisions.</p>
<div class="lb-trans"><p>早期投资这些股票的投资者获益匪浅，其中一位特别的投资者是亿万富翁大卫·肖 (David Shaw)。他的公司 D.E. Shaw &amp; Co. 自 2008 年以来持有英伟达的股份，自 2022 年以来持有超微电脑的股份。计算机科学家肖在 1988 年创立了对冲基金，专注于量化投资，这是一种利用计算方法做出决策的过程。</p>
</div><p>D.E. Shaw has more than $60 billion in investments and committed capital, and the company's top five holdings all are active in the area of AI. In the third quarter, Shaw took action on Nvidia and Supermicro. Read on to find out which one he bought and which one he sold.</p>
<div class="lb-trans"><p>D.E. Shaw 拥有超过 600 亿美元的投资和承诺资本，公司前五大持股均活跃于 AI 领域。在第三季度，肖对英伟达和超微电脑采取了行动。继续阅读以了解他购买了哪一只股票，出售了哪一只。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy83OTk4NTMvZ2V0dHlpbWFnZXMtd29tZW4taW52ZXN0b3JzLmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F799853%2Fgettyimages-women-investors.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>Nvidia</h2>
<div class="lb-trans"><h2>英伟达</h2>
</div><p>Nvidia has built an AI empire in recent years and dominates the AI chip market today. The company is Shaw's biggest position -- and he added to it in the recent quarter. He increased his holding by 53% to 17,210,271 shares. It's impossible to predict with 100% accuracy if this will be a winning decision, but there are plenty of clues that suggest this AI company's successes are just getting started.</p>
<div class="lb-trans"><p>近年来，英伟达建立了一个 AI 帝国，并在今天的 AI 芯片市场中占据主导地位。该公司是肖最大的持仓——他在最近的季度中增加了持仓。他将持股增加了 53%，达到 17,210,271 股。虽然无法 100% 准确预测这是否会是一个成功的决定，但有很多线索表明，这家 AI 公司的成功才刚刚开始。</p>
</div><p>One of these successes is Nvidia's commitment to innovation. The company pledges to update its GPUs on an annual basis, a promise that should keep it ahead of rivals. Right now, Nvidia may be taking a huge step when it comes to setting itself apart from the rest with the launch of its new architecture, Blackwell. The platform may be a game changer, offering customers speed, efficiency, and various features that can be customized to suit their needs.</p>
<div class="lb-trans"><p>这些成功之一是英伟达对创新的承诺。该公司承诺每年更新其 GPU，这一承诺应能使其在竞争对手中保持领先。目前，英伟达可能在推出其新架构 Blackwell 时迈出了巨大一步。这一平台可能会改变游戏规则，为客户提供速度、效率和可根据需求定制的各种功能。</p>
</div><p>Blackwell demand is &#34;staggering,&#34; Nvidia said during its recent earnings call and predicted billions of dollars in revenue during this current quarter -- its first quarter of commercialization. This is against an already bright backdrop.</p>
<div class="lb-trans"><p>英伟达在最近的财报电话会议中表示，Blackwell 的需求 “惊人”，并预测在当前季度——其商业化的第一季度，将实现数十亿美元的收入。这是在一个已经光明的背景下。</p>
</div><p>Nvidia's revenue has soared in the triple digits in most of the recent quarters, reaching record levels each period. In the latest quarter, revenue topped $35 billion, and Blackwell should add more fuel for gains in the quarters to come.</p>
<div class="lb-trans"><p>英伟达的收入在最近的多个季度中以三位数的速度飙升，每个季度都创下新高。在最新的季度中，收入超过 350 亿美元，而 Blackwell 应该会为未来几个季度的增长提供更多动力。</p>
</div><h2>Supermicro</h2>
<div class="lb-trans"><h2>超微电脑</h2>
</div><p>Supermicro works hand in hand with Nvidia and other chip giants, integrating their innovations into its equipment, so the company actually benefits from its own products and from the new launches of these partners. In the recent quarter, Shaw cut his position in Supermicro by 89% to 273,060 shares.</p>
<div class="lb-trans"><p>超微电脑与英伟达及其他芯片巨头密切合作，将他们的创新集成到自己的设备中，因此该公司实际上既受益于自己的产品，也受益于这些合作伙伴的新产品发布。在最近的季度中，肖将其在超微电脑的持仓减少了 89%，降至 273,060 股。</p>
</div><p>Shaw hasn't been the only one to reduce his position in Supermicro in recent times as this AI giant has faced various troubles linked to its financial reporting. The key element that's weighing on Supermicro right now is that it's fallen behind in this reporting and even lost its auditor.</p>
<div class="lb-trans"><p>肖并不是最近唯一减少在超微电脑持仓的人，因为这家 AI 巨头面临与财务报告相关的各种问题。目前，超微电脑面临的关键问题是其在财务报告方面落后，甚至失去了审计师。</p>
</div><p>This delay puts it at risk for a <strong>Nasdaq</strong> delisting. The good news, though, is Supermicro recently hired a new auditor and says it aims to file its annual and quarterly reports according to the new timetable determined by the Nasdaq.</p>
<div class="lb-trans"><p>这一延迟使其面临 <strong>纳斯达克</strong> 除牌的风险。不过，好消息是超微电脑最近聘请了一位新审计师，并表示其目标是根据纳斯达克确定的新时间表提交年度和季度报告。</p>
</div><p>The recent turmoil has weighed heavily on Supermicro shares, dragging them down 28% since late August. If the company can return to reporting compliance, it may have bright days ahead. After all, demand from AI customers is strong and the AI market is in its early stages of growth. Right now, however, many investors, including Shaw, have decreased their positions in Supermicro.</p>
<div class="lb-trans"><p>最近的动荡对超微电脑的股价造成了沉重打击，自八月底以来下跌了 28%。如果公司能够恢复报告合规性，未来可能会有光明的日子。毕竟，来自 AI 客户的需求强劲，AI 市场正处于早期增长阶段。然而，目前，包括肖在内的许多投资者已减少了在超微电脑的持仓。</p>
</div>

Nvidia vs. Super Micro Computer Stock: Billionaire David Shaw Bought One and Sold the Other in the Third Quarter.

- Nvidia 和 Super Micro Computer 在人工智能领域扮演关键角色。  
- Nvidia 的股价在过去五年上涨 2,600%，而 Supermicro 上涨 1,700%。  
- Shaw 在第三季度增持 Nvidia，减持 Supermicro，后者面临财务报告问题。  

英伟达与超微电脑股票：亿万富翁大卫·肖在第三季度买入了一只股票并卖出了另一只