<p><strong>英伟达</strong>(NVDA 3.56%) 的股价大约比之前的高点下跌了 30%。这对该股票来说并不是新鲜事。自 1999 年首次公开募股（IPO）以来，英伟达的股价已经有八次从之前的高点下跌了相同或更多的幅度。</p>
<p>重要的是，英伟达在过去每次经历大幅抛售后最终都强劲反弹。考虑到这一点，华尔街现在对购买英伟达股票的呼声如此高涨也就不足为奇了。但你应该听从吗？</p>
<h2>对英伟达的强烈呼声</h2>
<p>在四月下半月，九位分析师对英伟达发布了评级。其中八位推荐购买该股票。<strong>Raymond James</strong> 将英伟达视为 “强烈买入”。</p>
<p>唯一没有加入对英伟达强烈呼声的分析师是 D.A. Davidson。这家金融服务公司总部位于远离华尔街的蒙大拿州大瀑布市。但即便是 D.A. Davidson 也对英伟达给出了 “中性” 的推荐，并设定了反映 15% 上涨潜力的目标价。</p>
<p>Yahoo! Finance 根据分析师的股票评级和目标价的准确性对其进行评分。猜猜在这份评分表上，前 10 名分析师中有多少人推荐购买英伟达股票？如果你的答案是全部，那就为自己鼓掌吧。</p>
<p>分析师对英伟达的 12 个月平均目标价比当前股价高出惊人的 58%。一些顶级分析师甚至更加看好。例如，Cantor Fitzgerald 和 Rosenblatt 最近都给出了 200 美元的目标价，反映出大约 92% 的上涨潜力。</p>
<h2>热情背后的原因</h2>
<p>华尔街的共识是，英伟达现在是一个值得大量购买的好股票。为什么会有如此热情？许多分析师仍然相信英伟达的增长前景将继续强劲。</p>
<p>例如，Raymond James 的分析师 Srini Pajjuri 最近向客户写道，英伟达的前瞻市盈率当时为 27 倍，已经反映了与向中国出口 H20 GPU 相关的风险。Pajjuri 指出，该公司的 Blackwell GB200 芯片出货量正在增加，新的 GB300 芯片预计将在英伟达的财年第三季度开始出货。他预测这些因素 “应该有助于维持全年势头”。</p>
<p>那么，关于 <strong>亚马逊</strong>，作为英伟达最大的客户之一，正在暂停租赁新数据中心空间的担忧呢？当然，<strong>富国银行</strong> 在给客户的报告中提到过这种情况。然而，亚马逊网络服务的全球数据中心副总裁 Kevin Miller 在最近的一篇 LinkedIn 帖子中直接回应了这个问题：</p>
<p>华尔街似乎也没有过于担心对英伟达的竞争加剧。这让我并不感到意外，考虑到前 <strong>英特尔</strong> 首席执行官 Pat Gelsinger 最近在接受 Yahoo! Finance 的 Brian Sozzi 采访时所说的话。Gelsinger 告诉 Sozzi，任何竞争对手都很难将英伟达从其王座上推下。他说：“我一直认为有一个 10 倍规则，如果你没有比王者强 10 倍，你就无法取代他。” 没有任何竞争对手的芯片能够接近英伟达最强大的 GPU 的 10 倍性能。</p>
<h2>你应该听从华尔街吗？</h2>
<p>你应该听从华尔街关于购买英伟达股票的建议吗？是的，也不是。</p>
<p>没有投资者应该仅仅因为分析师推荐而购买任何股票。进行自己的研究始终很重要。你的投资目标或风险承受能力可能会导致你避免华尔街喜爱的股票——这没问题。</p>
<p>然而，我认为华尔街对英伟达的看法是正确的。最近的回调为长期投资者提供了一个绝佳的购买机会。当英伟达过去以如此折扣交易时，这确实是值得大声呼喊的事情。</p>

英伟达

<p>英伟达的股票从高峰下跌了约 30%，但华尔街分析师敦促投资者买入，九位分析师中有八位推荐其为强烈买入。12 个月的平均目标价比当前价格高出 58%，一些分析师预测将有 92% 的上涨空间。尽管对竞争和客户需求存在担忧，分析师们认为英伟达的增长前景依然强劲，这使其成为长期投资者的潜在买入机会。然而，投资者在做出决策之前被建议进行自己的研究</p>

<p><strong>Nvidia</strong>(NVDA 3.56%) is down roughly 30% below its previous high. This isn't a new experience for the stock. Since its initial public offering (IPO) in 1999, Nvidia's share price has plunged by that amount or more from its previous peak eight other times.</p>
<div class="lb-trans"><p><strong>英伟达</strong>(NVDA 3.56%) 的股价大约比之前的高点下跌了 30%。这对该股票来说并不是新鲜事。自 1999 年首次公开募股（IPO）以来，英伟达的股价已经有八次从之前的高点下跌了相同或更多的幅度。</p>
</div><p>Importantly, Nvidia eventually rebounded strongly every time in the past after a steep sell-off. With that in mind, it's probably not surprising that Wall Street is screaming to buy Nvidia stock hand over fist right now. But should you listen?</p>
<div class="lb-trans"><p>重要的是，英伟达在过去每次经历大幅抛售后最终都强劲反弹。考虑到这一点，华尔街现在对购买英伟达股票的呼声如此高涨也就不足为奇了。但你应该听从吗？</p>
</div><h2>A loud chorus for Nvidia</h2>
<div class="lb-trans"><h2>对英伟达的强烈呼声</h2>
</div><p>Nine analysts have issued ratings on Nvidia in the second half of April. Eight recommend buying the stock. <strong>Raymond James</strong> views Nvidia as a &#34;strong buy.&#34;</p>
<div class="lb-trans"><p>在四月下半月，九位分析师对英伟达发布了评级。其中八位推荐购买该股票。<strong>Raymond James</strong> 将英伟达视为 “强烈买入”。</p>
</div><p>The lone outlier who didn't join in the loud chorus for Nvidia was D.A. Davidson. This financial services company is headquartered far away from Wall Street in Great Falls, Montana. But even D.A. Davidson has a &#34;neutral&#34; recommendation for Nvidia and a price target that reflects an upside potential of 15%.</p>
<div class="lb-trans"><p>唯一没有加入对英伟达强烈呼声的分析师是 D.A. Davidson。这家金融服务公司总部位于远离华尔街的蒙大拿州大瀑布市。但即便是 D.A. Davidson 也对英伟达给出了 “中性” 的推荐，并设定了反映 15% 上涨潜力的目标价。</p>
</div><p>Yahoo! Finance scores analysts based on the accuracy of their stock ratings and price targets. Guess how many of the top 10 analysts on this scorecard recommend buying Nvidia stock? Pat yourself on the back if your answer was all of them.</p>
<div class="lb-trans"><p>Yahoo! Finance 根据分析师的股票评级和目标价的准确性对其进行评分。猜猜在这份评分表上，前 10 名分析师中有多少人推荐购买英伟达股票？如果你的答案是全部，那就为自己鼓掌吧。</p>
</div><p>The average analysts' 12-month price target for Nvidia is a whopping 58% higher than the current share price. Some top analysts are even more bullish. For example, Cantor Fitzgerald and Rosenblatt both recently came out with a price target of $200, reflecting an upside potential of roughly 92%.</p>
<div class="lb-trans"><p>分析师对英伟达的 12 个月平均目标价比当前股价高出惊人的 58%。一些顶级分析师甚至更加看好。例如，Cantor Fitzgerald 和 Rosenblatt 最近都给出了 200 美元的目标价，反映出大约 92% 的上涨潜力。</p>
</div><h2>Behind the enthusiasm</h2>
<div class="lb-trans"><h2>热情背后的原因</h2>
</div><p>Wall Street's consensus is that Nvidia is a great stock to buy hand over fist right now. Why such enthusiasm? Many analysts remain convinced that Nvidia's growth prospects will continue to be strong.</p>
<div class="lb-trans"><p>华尔街的共识是，英伟达现在是一个值得大量购买的好股票。为什么会有如此热情？许多分析师仍然相信英伟达的增长前景将继续强劲。</p>
</div><p>For example, Raymond James analyst Srini Pajjuri recently wrote to clients that Nvidia's forward price-to-earnings multiple, which was then at 27x, already reflects risks related to exporting H20 GPUs to China. Pajjuri noted that the company's Blackwell GB200 chip shipments are increasing with the new GB300 chips on track to begin shipping in Nvidia's fiscal third quarter. He predicted these factors &#34;should help sustain momentum through the year.&#34;</p>
<div class="lb-trans"><p>例如，Raymond James 的分析师 Srini Pajjuri 最近向客户写道，英伟达的前瞻市盈率当时为 27 倍，已经反映了与向中国出口 H20 GPU 相关的风险。Pajjuri 指出，该公司的 Blackwell GB200 芯片出货量正在增加，新的 GB300 芯片预计将在英伟达的财年第三季度开始出货。他预测这些因素 “应该有助于维持全年势头”。</p>
</div><p>What about worries that <strong>Amazon</strong>, one of Nvidia's biggest customers, is hitting the pause button on leasing new space for data centers? Sure, <strong>Wells Fargo</strong> suggested this was happening in a report to its clients. However, Kevin Miller, vice president of global data centers for Amazon Web Services, addressed the issue head-on in a recent LinkedIn post:</p>
<div class="lb-trans"><p>那么，关于 <strong>亚马逊</strong>，作为英伟达最大的客户之一，正在暂停租赁新数据中心空间的担忧呢？当然，<strong>富国银行</strong> 在给客户的报告中提到过这种情况。然而，亚马逊网络服务的全球数据中心副总裁 Kevin Miller 在最近的一篇 LinkedIn 帖子中直接回应了这个问题：</p>
</div><p>Wall Street doesn't appear to be overly concerned about rising competition for Nvidia, either. That's not surprising to me, considering what former <strong>Intel</strong> CEO Pat Gelsinger recently said in an interview with Yahoo! Finance's Brian Sozzi. Gelsinger told Sozzi that it would be very difficult for any rival to knock Nvidia off its perch. He said, &#34;I've always viewed that there's sort of this 10x rule, where if you're not 10x better than the king, you're not going to displace that.&#34; No competitor has chips anywhere close to being 10x better than Nvidia's most powerful GPUs.</p>
<div class="lb-trans"><p>华尔街似乎也没有过于担心对英伟达的竞争加剧。这让我并不感到意外，考虑到前 <strong>英特尔</strong> 首席执行官 Pat Gelsinger 最近在接受 Yahoo! Finance 的 Brian Sozzi 采访时所说的话。Gelsinger 告诉 Sozzi，任何竞争对手都很难将英伟达从其王座上推下。他说：“我一直认为有一个 10 倍规则，如果你没有比王者强 10 倍，你就无法取代他。” 没有任何竞争对手的芯片能够接近英伟达最强大的 GPU 的 10 倍性能。</p>
</div><h2>Should you listen to Wall Street?</h2>
<div class="lb-trans"><h2>你应该听从华尔街吗？</h2>
</div><p>Should you listen to Wall Street about buying Nvidia stock? Yes and no.</p>
<div class="lb-trans"><p>你应该听从华尔街关于购买英伟达股票的建议吗？是的，也不是。</p>
</div><p>No investor should buy any stock solely because an analyst recommended it. It's always important to do your own research. Your investing goals or risk tolerance could cause you to avoid a stock that Wall Street loves -- and that's OK.</p>
<div class="lb-trans"><p>没有投资者应该仅仅因为分析师推荐而购买任何股票。进行自己的研究始终很重要。你的投资目标或风险承受能力可能会导致你避免华尔街喜爱的股票——这没问题。</p>
</div><p>However, I think Wall Street is right about Nvidia. The latest pullback presents a great buying opportunity for long-term investors. When Nvidia has traded at such a discount in the past, it was something worth screaming about.</p>
<div class="lb-trans"><p>然而，我认为华尔街对英伟达的看法是正确的。最近的回调为长期投资者提供了一个绝佳的购买机会。当英伟达过去以如此折扣交易时，这确实是值得大声呼喊的事情。</p>
</div>

Wall Street Is Screaming to Buy Nvidia Stock Hand Over Fist Right Now. Should You Listen?

- Nvidia 股价下跌约 30%，但历史上曾多次强劲反弹。  
- 大多数分析师推荐买入，12 个月目标价比当前股价高 58%。  
- 投资者应独立研究，当前回调为长期投资者提供良机。

华尔街强烈建议立即大量买入英伟达股票。你应该听从这个建议吗？