<p><strong>英伟达</strong>(NVDA -0.66%) GPU 技术大会 (GTC) 近年来已成为人工智能开发者社区的重要盛会，而在上周的大会上，首席执行官黄仁勋发表了主题演讲，分享了他对人工智能未来发展方向的深刻见解，以及英伟达在其中的角色。</p><p>如果你是英伟达的股东或考虑成为股东，以下是你需要了解的三个重要更新。</p><h2>1. Rubin 即将到来</h2><p>英伟达最近推出了其最新、最强大的图形处理单元 (GPU)，基于最新的 Blackwell 架构，需求非常旺盛。</p><p>几乎每个开发者和平台都在寻找利用人工智能的方法，而英伟达拥有最有效的产品来支持这些努力。在其 2025 财年的第四季度（截至 1 月 26 日），收入同比增长了 78%。黄仁勋指出，英伟达在市场首季度已经预订了数十亿美元的 Blackwell 销售。拥有建设大型人工智能数据中心预算的科技巨头们希望获得最佳产品，没有人希望落后于同行。</p><p>但英伟达已经在开发其下一代强大芯片：Rubin 架构。这些芯片的性能将是 Blackwell 的 14 倍，随着人工智能需求的演变和扩展，开发和支持软件的公司将毫无疑问地希望获得他们能购买的最强大芯片。Rubin 预计将在明年晚些时候推出。</p><h2>2. Agentic AI 将需要巨大的算力</h2><p>Agentic AI 是人工智能领域下一个浪潮之一。这些专用工具将能够作为用户的 “代理”，在收到简单请求后，自动处理如预订航班或撰写电子邮件等任务。</p><p>黄仁勋表示，这意味着这些系统需要管理更多的步骤，他认为 agentic AI 将需要比当前人工智能工具多 100 倍的算力。他认为，那些认为像 DeepSeek 这样的工具——显然比以前的大型语言模型开发成本低——会削弱英伟达销售的人是错误的，因为 agentic AI 的巨大算力需求将意味着对英伟达芯片的更大需求。</p><p>虽然一些同行在市场上有类似的产品，但英伟达在尖端 GPU 和人工智能加速器的生产和销售方面占据主导地位，并且不断改进其芯片以保持这种主导地位。</p><h2>3. 英伟达已为机器人技术做好准备</h2><p>在英伟达成为家喻户晓的名字之前，它在视频游戏领域的强大实力使其成为一家成功的公司和顶级股票。它在为其游戏产品创造虚拟世界方面拥有丰富的经验，并可以将其与推理能力结合，进行所谓的 “物理人工智能”，即能够 “思考” 和采取行动的机器人。黄仁勋表示：“大家请注意。这可能会成为最大的行业。”</p><p>它宣布了两个新的合作伙伴关系，专注于这一领域——一个是与 <strong>通用汽车</strong> 合作开发电动车，另一个是与 <strong>华特迪士尼</strong> 和 <strong>谷歌母公司 Alphabet</strong> 合作进行机器人开发。</p><h2>你应该购买英伟达股票吗？</h2><p>英伟达股票今年下跌了 12%，距离其高点下跌了 21%。尽管公司去年财务表现惊人，科技行业对其产品的需求也非常旺盛，但股市因 DeepSeek 的发布而感到不安，并对英伟达未来的发展保持谨慎。目前，英伟达看起来势不可挡，但历史上并不乏行业巨头被更小、更灵活的竞争对手以更好的技术所超越的情况。</p><p>黄仁勋显然并不担心这种情况的发生。他将 DeepSeek 模型视为整个人工智能行业的胜利，并设想更便宜的人工智能模型将进一步推动对英伟达产品的需求。</p><p>如果你已经拥有英伟达股票，我不会太担心，但我建议不要让这个头寸占据你投资组合过大的比例。如果你在过去几年中受益于英伟达的迅猛增长，可能想考虑出售一些股票，以重新平衡你的投资组合，保持良好的多样化，并降低风险。</p><p>然而，如果你还没有拥有英伟达股票，现在看起来很有吸引力，当前交易价格仅为未来一年收益的 21 倍。在这个估值下，你可能想要开一个头寸。</p>

英伟达

<p>英伟达最近的 GPU 技术大会强调了对股东的重要更新。首席执行官黄仁勋宣布即将推出的 Rubin 架构，预计将比当前的 Blackwell GPU 强大 14 倍，正值需求激增之际。他强调了在自主人工智能中对更大算力的需求，预测这将需要比当前工具多 100 倍的算力。英伟达还与通用汽车、迪士尼和 Alphabet 建立了合作关系，进军机器人领域。尽管今年股价下跌了 12%，英伟达仍然是一个强劲的投资机会，市盈率为 21 倍的预期收益</p>

<p>The <strong>Nvidia</strong>(NVDA -0.66%) GPU Technology Conference (GTC) has become a big event for the artificial intelligence developer community in recent years, and when CEO Jensen Huang gave his keynote speech at this year's event last week, he had some noteworthy thoughts to share about where AI is going and news about Nvidia's place in its future.</p>
<div class="lb-trans"><p><strong>英伟达</strong>(NVDA -0.66%) GPU 技术大会 (GTC) 近年来已成为人工智能开发者社区的重要盛会，而在上周的大会上，首席执行官黄仁勋发表了主题演讲，分享了他对人工智能未来发展方向的深刻见解，以及英伟达在其中的角色。</p>
</div><p>If you're a Nvidia shareholder or are considering becoming one, here are three important updates you need to know about.</p>
<div class="lb-trans"><p>如果你是英伟达的股东或考虑成为股东，以下是你需要了解的三个重要更新。</p>
</div><h2>1. Rubin is coming</h2>
<div class="lb-trans"><h2>1. Rubin 即将到来</h2>
</div><p>Nvidia only recently rolled out its newest and most powerful graphics processing units (GPU), built on its latest Blackwell architecture, and demand has been intense.</p>
<div class="lb-trans"><p>英伟达最近推出了其最新、最强大的图形处理单元 (GPU)，基于最新的 Blackwell 架构，需求非常旺盛。</p>
</div><p>Nearly every developer and platform is looking for ways to leverage AI, and Nvidia has the most effective products to support those efforts. In its fiscal 2025's fourth quarter, which ended Jan. 26, revenue swelled by 78% year over year. Huang noted that Nvidia already had already booked billions of dollars in sales of Blackwell in its first quarter on the market. Tech giants with the budgets to build massive AI data centers want the best, and none of them wants to fall behind their peers.</p>
<div class="lb-trans"><p>几乎每个开发者和平台都在寻找利用人工智能的方法，而英伟达拥有最有效的产品来支持这些努力。在其 2025 财年的第四季度（截至 1 月 26 日），收入同比增长了 78%。黄仁勋指出，英伟达在市场首季度已经预订了数十亿美元的 Blackwell 销售。拥有建设大型人工智能数据中心预算的科技巨头们希望获得最佳产品，没有人希望落后于同行。</p>
</div><p>But Nvidia is already developing its next iteration of powerful chips: the Rubin architecture. These will be 14 times more powerful than Blackwell, and as AI's needs evolve and expand, it's a no-brainer bet that the companies developing and supporting the software will want the most powerful chips they can buy. Rubin is expected to launch late next year.</p>
<div class="lb-trans"><p>但英伟达已经在开发其下一代强大芯片：Rubin 架构。这些芯片的性能将是 Blackwell 的 14 倍，随着人工智能需求的演变和扩展，开发和支持软件的公司将毫无疑问地希望获得他们能购买的最强大芯片。Rubin 预计将在明年晚些时候推出。</p>
</div><h2>2. Agentic AI is going to need tremendous power</h2>
<div class="lb-trans"><h2>2. Agentic AI 将需要巨大的算力</h2>
</div><p>Agentic AI is one of the next waves in the artificial intelligence space. These specialized tools will be able to act as &#34;agents&#34; on a user's behalf, autonomously taking care of such tasks as booking flights or writing emails after being prompted with simple requests.</p>
<div class="lb-trans"><p>Agentic AI 是人工智能领域下一个浪潮之一。这些专用工具将能够作为用户的 “代理”，在收到简单请求后，自动处理如预订航班或撰写电子邮件等任务。</p>
</div><p>Because that will mean that such systems will need to manage far more steps, Huang said he thinks that agentic AI is going to need 100 times more power than current AI tools need. He thinks that those who believe that the advent of tools like DeepSeek -- which was apparently much cheaper to develop than previous large language models -- are going to undermine Nvidia's sales are getting it wrong, because the sheer power requirements of agentic AI will mean a greater need for chips like Nvidia's.</p>
<div class="lb-trans"><p>黄仁勋表示，这意味着这些系统需要管理更多的步骤，他认为 agentic AI 将需要比当前人工智能工具多 100 倍的算力。他认为，那些认为像 DeepSeek 这样的工具——显然比以前的大型语言模型开发成本低——会削弱英伟达销售的人是错误的，因为 agentic AI 的巨大算力需求将意味着对英伟达芯片的更大需求。</p>
</div><p>While some peers have similar offerings on the market, Nvidia dominates in terms of production and sales in cutting-edge GPUs and AI accelerators, and it's constantly improving its chips to retain that dominance.</p>
<div class="lb-trans"><p>虽然一些同行在市场上有类似的产品，但英伟达在尖端 GPU 和人工智能加速器的生产和销售方面占据主导地位，并且不断改进其芯片以保持这种主导地位。</p>
</div><h2>3. Nvidia is prepared for robotics</h2>
<div class="lb-trans"><h2>3. 英伟达已为机器人技术做好准备</h2>
</div><p>Before Nvidia became a household name, it was a successful company and top stock in large part because of its strength in the video game segment. It has vast experience in creating worlds for its gaming products, and it can synthesize this with its reasoning capabilities to act in what's called &#34;physical AI,&#34; or robots that can &#34;think&#34; and take action. Huang said &#34;Everyone, pay attention. This could very well be the largest industry of all.&#34;</p>
<div class="lb-trans"><p>在英伟达成为家喻户晓的名字之前，它在视频游戏领域的强大实力使其成为一家成功的公司和顶级股票。它在为其游戏产品创造虚拟世界方面拥有丰富的经验，并可以将其与推理能力结合，进行所谓的 “物理人工智能”，即能够 “思考” 和采取行动的机器人。黄仁勋表示：“大家请注意。这可能会成为最大的行业。”</p>
</div><p>It announced two new partnerships that will focus on this -- one with <strong>General Motors</strong> for its electric vehicles, and another with <strong>Walt Disney</strong> and <strong>Alphabet</strong> for robotics development.</p>
<div class="lb-trans"><p>它宣布了两个新的合作伙伴关系，专注于这一领域——一个是与 <strong>通用汽车</strong> 合作开发电动车，另一个是与 <strong>华特迪士尼</strong> 和 <strong>谷歌母公司 Alphabet</strong> 合作进行机器人开发。</p>
</div><h2>Should you buy Nvidia stock?</h2>
<div class="lb-trans"><h2>你应该购买英伟达股票吗？</h2>
</div><p>Nvidia stock is down 12% this year and is 21% off of its high. Despite the company's incredible financial performance last year and the tech sector's insatiable demand for its products, the stock market was spooked by the DeepSeek launch, and it remains wary about what's in store for Nvidia. Right now, Nvidia looks untouchable, but it wouldn't be the first time in history that an industry giant was caught by surprise by a smaller, more agile competitor with better technology.</p>
<div class="lb-trans"><p>英伟达股票今年下跌了 12%，距离其高点下跌了 21%。尽管公司去年财务表现惊人，科技行业对其产品的需求也非常旺盛，但股市因 DeepSeek 的发布而感到不安，并对英伟达未来的发展保持谨慎。目前，英伟达看起来势不可挡，但历史上并不乏行业巨头被更小、更灵活的竞争对手以更好的技术所超越的情况。</p>
</div><p>Huang is clearly not concerned that this could happen. He sees the DeepSeek model as a win for the AI industry overall and envisions cheaper AI models further fueling demand for Nvidia's products.</p>
<div class="lb-trans"><p>黄仁勋显然并不担心这种情况的发生。他将 DeepSeek 模型视为整个人工智能行业的胜利，并设想更便宜的人工智能模型将进一步推动对英伟达产品的需求。</p>
</div><p>If you already own Nvidia stock, I wouldn't worry too much, but I would suggest not letting that position become too large a piece of your portfolio. If you've benefited from Nvidia's meteoric rise over the past few years, you might want to consider selling some shares to rebalance your portfolio, remain well-diversified, and minimize your risk.</p>
<div class="lb-trans"><p>如果你已经拥有英伟达股票，我不会太担心，但我建议不要让这个头寸占据你投资组合过大的比例。如果你在过去几年中受益于英伟达的迅猛增长，可能想考虑出售一些股票，以重新平衡你的投资组合，保持良好的多样化，并降低风险。</p>
</div><p>However, if you don't own Nvidia stock yet, it's looking attractive right now, trading at only 21 times forward 1-year earnings. At this valuation, you might want to open a position.</p>
<div class="lb-trans"><p>然而，如果你还没有拥有英伟达股票，现在看起来很有吸引力，当前交易价格仅为未来一年收益的 21 倍。在这个估值下，你可能想要开一个头寸。</p>
</div>

3 Must-See Updates From Nvidia's AI Event

- Nvidia 在 GTC 会议上分享了 AI 未来的发展方向和公司动态。  
- 新款 Blackwell GPU 需求强劲，预计 Rubin 架构将于明年推出。  
- Nvidia 正在与通用汽车和迪士尼合作，拓展机器人领域。  

英伟达 AI 活动的三大必看更新