<p><strong>英伟达</strong>(NVDA -1.14%) 是当今人工智能 (AI) 革命中最重要的硬件公司。其高端图形处理单元 (GPU) 提供的性能优势是其他竞争者无法匹敌的。</p>
<p>由于对其处理器的巨大需求，英伟达的股票表现非常出色。截至目前，该公司的股价在过去一年的交易中上涨了大约 141%。以大约 3.3 万亿美元的市值计算，这家芯片制造商是全球第二大公司，仅次于 <strong>苹果</strong>。</p>
<p>英伟达目前的估值大约是今年预期收益的 45 倍和预期销售额的 25 倍。尽管该公司以依赖增长的倍数进行交易，并且历史上受到周期性压力的影响，但有几个指标表明，该股票仍有潜力实现长期的巨大上涨。</p>
<h2>英伟达在软件方面的优势仍被低估</h2>
<p>考虑到它是 AI GPU 市场的主导者，围绕英伟达的叙述集中在其硬件业务上并不令人惊讶。尽管由于 AI 基础设施支出的持续增加，今年的需求指标看起来强劲，但这家芯片专家的业务历史上受到周期性趋势的影响。这使得基于其近期表现和短期结果进行估值变得有些问题。这也部分解释了为什么该股票的交易价格没有更高。</p>
<p>但尽管 GPU 销售在可预见的未来仍将是英伟达业务中最重要的部分，市场仍然低估了该公司在 AI 软件方面的优势。首先，该公司的 CUDA 平台的广泛普及基本上将领先的 AI 软件公司锁定在其生态系统中。</p>
<p>但英伟达实际上正处于成为一家更专注于软件的公司的早期阶段。除了增加其人工智能即服务 (AIaaS) 处理产品外，它还推出了行业特定的 AI 工具和自主 AI 服务。这些新的软件产品为英伟达的业务变得不那么周期性奠定了基础，并可能推动巨大的长期增长。</p>

英伟达

<p>英伟达（Nvidia，股票代码：NVDA）是人工智能革命的领先者，其 GPU 推动了显著的需求，过去一年股价上涨了 141%。英伟达的市值为 3.3 万亿美元，虽然其交易倍数较高，但由于其被低估的软件优势，包括广受欢迎的 CUDA 平台和新的人工智能软件产品，显示出长期增长的潜力。这些发展可能会减少公司的周期性特征，并增强其增长前景</p>

<p><strong>Nvidia</strong>(NVDA -1.14%) is the most important hardware company in the artificial intelligence (AI) revolution today. Its high-end graphics processing units (GPUs) provide performance advantages that no other player in the space comes close to matching.</p>
<div class="lb-trans"><p><strong>英伟达</strong>(NVDA -1.14%) 是当今人工智能 (AI) 革命中最重要的硬件公司。其高端图形处理单元 (GPU) 提供的性能优势是其他竞争者无法匹敌的。</p>
</div><p>Thanks to incredible demand for its processors, Nvidia stock has been posting absolutely stellar performance. As of this writing, the company's stock price is up roughly 141% over the last year of trading. With a market capitalization of roughly $3.3 trillion, the chipmaker stands as the world's second-largest company -- trailing only <strong>Apple</strong>.</p>
<div class="lb-trans"><p>由于对其处理器的巨大需求，英伟达的股票表现非常出色。截至目前，该公司的股价在过去一年的交易中上涨了大约 141%。以大约 3.3 万亿美元的市值计算，这家芯片制造商是全球第二大公司，仅次于 <strong>苹果</strong>。</p>
</div><p>Nvidia is now valued at roughly 45 times this year's expected earnings and 25 times expected sales. But while the company trades at growth-dependent multiples and has historically been subject to cyclical pressures, there are several indicators that suggest the stock still has the potential to deliver big long-term upside.</p>
<div class="lb-trans"><p>英伟达目前的估值大约是今年预期收益的 45 倍和预期销售额的 25 倍。尽管该公司以依赖增长的倍数进行交易，并且历史上受到周期性压力的影响，但有几个指标表明，该股票仍有潜力实现长期的巨大上涨。</p>
</div><h2>Nvidia's strength in software is still underappreciated</h2>
<div class="lb-trans"><h2>英伟达在软件方面的优势仍被低估</h2>
</div><p>Given that it's the dominant player in the market for AI GPUs, it's not surprising that the narrative surrounding Nvidia centers on its hardware business. While demand indicators look strong for this year as AI infrastructure spending continues to ramp up, the chip specialist's business has historically been shaped by cyclical trends. That makes valuing it based on its recent performance and short-term results somewhat problematic. It also partially explains why the stock isn't trading even higher.</p>
<div class="lb-trans"><p>考虑到它是 AI GPU 市场的主导者，围绕英伟达的叙述集中在其硬件业务上并不令人惊讶。尽管由于 AI 基础设施支出的持续增加，今年的需求指标看起来强劲，但这家芯片专家的业务历史上受到周期性趋势的影响。这使得基于其近期表现和短期结果进行估值变得有些问题。这也部分解释了为什么该股票的交易价格没有更高。</p>
</div><p>But while GPU sales will remain the most important part of Nvidia's business for the foreseeable future, the market continues to underestimate the company's strengths in AI software. For starters, the widespread popularity of the company's CUDA platform is essentially locking the leading AI software players into its ecosystem.</p>
<div class="lb-trans"><p>但尽管 GPU 销售在可预见的未来仍将是英伟达业务中最重要的部分，市场仍然低估了该公司在 AI 软件方面的优势。首先，该公司的 CUDA 平台的广泛普及基本上将领先的 AI 软件公司锁定在其生态系统中。</p>
</div><p>But Nvidia is actually in the early stages of becoming a more software-focused company. In addition to ramping up its artificial-intelligence-as-a-service (AIaaS) processing offerings, it's rolling out industry-specific AI tools and agentic AI services. These new software offerings set the stage for Nvidia's business to become less cyclical, and it could power massive long-term growth.</p>
<div class="lb-trans"><p>但英伟达实际上正处于成为一家更专注于软件的公司的早期阶段。除了增加其人工智能即服务 (AIaaS) 处理产品外，它还推出了行业特定的 AI 工具和自主 AI 服务。这些新的软件产品为英伟达的业务变得不那么周期性奠定了基础，并可能推动巨大的长期增长。</p>
</div>

Think It's Too Late to Buy Nvidia Stock? Here's the Biggest Reason Why There's Still Time.

- Nvidia 是人工智能革命中最重要的硬件公司，其 GPU 性能无与伦比。  
- 公司市值约 3.3 万亿美元，股票价格过去一年上涨约 141%。  
- Nvidia 在 AI 软件领域的潜力被低估，未来可能实现大幅增长。  

认为现在买英伟达股票太晚了吗？以下是为什么你还有时间的最大原因