<p><strong>英伟达</strong>(NVDA 4.71%) 的股价在周三上涨，最高涨幅达到 5.6%。截至东部时间上午 11:37，该股上涨了 4.5%。</p>
<p>推动这家人工智能（AI）芯片制造商股价上涨的催化剂是一份报告，表明该公司在一个重要市场的处理器需求依然强劲。</p>
<h2>来自中国的订单好消息</h2>
<p>最近几个月，这家芯片制造商最大的进展之一是中国初创公司 DeepSeek 发布了一款下一代 AI 模型。该系统的开发成本 reportedly 远低于现有模型。一些投资者因此推断这将导致对英伟达尖端 AI 处理器的需求降低，导致其股价大幅下跌。</p>
<p>今天路透社的一份报告显示，随着中国一些大型公司争相增加其 AI 产品，英伟达的 H20 芯片订单激增。报告提到 <strong>腾讯</strong>(OTC: TCEHY)、<strong>阿里巴巴</strong>(NYSE: BABA) 和抖音母公司字节跳动等公司 “显著增加” 了对英伟达 H20 芯片的订单，该芯片是为了满足美国对中国市场的出口限制而开发的。这些公司不仅是中国 AI 的最大用户之一，也是中国最广泛使用的云基础设施提供商之一，这表明对英伟达芯片的需求依然强劲。</p>
<h2>我们将在今天晚些时候了解更多信息</h2>
<p>今天对英伟达的投资者来说是个重要日子。该公司计划在今天市场收盘后发布其 2025 财年第四季度（截至 1 月 26 日）的业绩。业绩以及管理层在与分析师的电话会议中的评论，将为投资者提供关于 AI 持续需求的最新见解——更具体地说，是对英伟达最近发布的以 AI 为中心的 Blackwell 处理器的需求。</p>
<p>管理层预计收入同比增长约 70%，而分析师的共识预期则约为 73% 的季度增长。</p>
<p>即使在过去三年中上涨了 448% 之后，英伟达的股价仍然合理，交易价格低于明年收益预期的 30 倍。随着英伟达今天的财报发布，这种情况可能会发生变化。请继续关注。</p>

英伟达

<p>英伟达的股票在周三上涨了最高 5.6%，这得益于腾讯、阿里巴巴和字节跳动等主要中国公司对其 H20 芯片的强劲需求。这一上涨是在市场对 DeepSeek 新 AI 模型竞争的担忧之后发生的。投资者正在等待英伟达的 2024 财年第四季度财报，预计将显示同比 70% 的收入增长，分析师预测增幅为 73%。尽管在过去三年中股价上涨了 448%，英伟达的股票仍然以不到明年收益预期的 30 倍的价格吸引人</p>

<p>Shares of <strong>Nvidia</strong>(NVDA 4.71%) gained ground on Wednesday, climbing as much as 5.6%. As of 11:37 a.m. ET, the stock was up 4.5%.</p>
<div class="lb-trans"><p><strong>英伟达</strong>(NVDA 4.71%) 的股价在周三上涨，最高涨幅达到 5.6%。截至东部时间上午 11:37，该股上涨了 4.5%。</p>
</div><p>The catalyst that sent the artificial intelligence (AI) chipmaker higher was a report that suggested demand remained high for the company's processors in an important market.</p>
<div class="lb-trans"><p>推动这家人工智能（AI）芯片制造商股价上涨的催化剂是一份报告，表明该公司在一个重要市场的处理器需求依然强劲。</p>
</div><h2>Good news on orders from China</h2>
<div class="lb-trans"><h2>来自中国的订单好消息</h2>
</div><p>One of the biggest developments for the chipmaker in recent months was the release of a next-generation AI model from start-up DeepSeek in China. The system was reportedly developed for a much lower cost than existing models. Some investors jumped to the conclusion that this would result in lower demand for Nvidia's cutting-edge AI processors, sending its stock swooning.</p>
<div class="lb-trans"><p>最近几个月，这家芯片制造商最大的进展之一是中国初创公司 DeepSeek 发布了一款下一代 AI 模型。该系统的开发成本 reportedly 远低于现有模型。一些投资者因此推断这将导致对英伟达尖端 AI 处理器的需求降低，导致其股价大幅下跌。</p>
</div><p>A report from Reuters today suggested that orders for Nvidia's H20 chips jumped as some of the biggest companies in China scramble to increase their AI offerings. The report named <strong>Tencent</strong>(OTC: TCEHY), <strong>Alibaba</strong>(NYSE: BABA), and TikTok owner ByteDance as companies that have &#34;significantly increased&#34; orders of Nvidia's H20 chip, which was developed to meet U.S. export restrictions to the Chinese market. Not only are these companies among the biggest users of AI in that country, but they are also among the most widely used cloud infrastructure providers in China, suggesting demand for Nvidia's chips remains strong.</p>
<div class="lb-trans"><p>今天路透社的一份报告显示，随着中国一些大型公司争相增加其 AI 产品，英伟达的 H20 芯片订单激增。报告提到 <strong>腾讯</strong>(OTC: TCEHY)、<strong>阿里巴巴</strong>(NYSE: BABA) 和抖音母公司字节跳动等公司 “显著增加” 了对英伟达 H20 芯片的订单，该芯片是为了满足美国对中国市场的出口限制而开发的。这些公司不仅是中国 AI 的最大用户之一，也是中国最广泛使用的云基础设施提供商之一，这表明对英伟达芯片的需求依然强劲。</p>
</div><h2>We'll know more later today</h2>
<div class="lb-trans"><h2>我们将在今天晚些时候了解更多信息</h2>
</div><p>This is a big day for Nvidia investors. The company is scheduled to release the results of its fiscal 2025 fourth quarter (ended Jan. 26) after the market close today. The results, as well as management's commentary during the earnings call with analysts, will provide investors with the latest insights into the continuing demand for AI and -- more specifically -- demand for Nvidia's recently released AI-centric Blackwell processor.</p>
<div class="lb-trans"><p>今天对英伟达的投资者来说是个重要日子。该公司计划在今天市场收盘后发布其 2025 财年第四季度（截至 1 月 26 日）的业绩。业绩以及管理层在与分析师的电话会议中的评论，将为投资者提供关于 AI 持续需求的最新见解——更具体地说，是对英伟达最近发布的以 AI 为中心的 Blackwell 处理器的需求。</p>
</div><p>Management has forecast revenue growth of about 70% year over year, while analysts' consensus estimate is calling for roughly 73% growth in the quarter.</p>
<div class="lb-trans"><p>管理层预计收入同比增长约 70%，而分析师的共识预期则约为 73% 的季度增长。</p>
</div><p>Even after notching gains of 448% over the past three years, Nvidia stock is still reasonably priced, selling for less than 30 times next year's earnings estimates. That could change after Nvidia reports today. Stay tuned.</p>
<div class="lb-trans"><p>即使在过去三年中上涨了 448% 之后，英伟达的股价仍然合理，交易价格低于明年收益预期的 30 倍。随着英伟达今天的财报发布，这种情况可能会发生变化。请继续关注。</p>
</div>

Why Nvidia Stock Rallied Wednesday Ahead of Its Important Financial Report

- 英伟达 (NVDA) 股价周三上涨，最高涨幅达 5.6%。  
- 报告显示，中国市场对英伟达 H20 芯片的需求强劲。  
- 投资者期待公司财报，预计营收同比增长约 70%。  

为什么英伟达股票在周三的重要财报发布前上涨