<p>几乎在一年前，<strong>英伟达</strong>（NVDA -2.02%）最后一次进行了股票拆分。那次 10 比 1 的股票拆分是该公司自 1999 年进入公开市场以来的第六次。股票在去年六月的拆分后约六个月内上涨至历史最高收盘价。</p>
<p>自那时以来，股票价格与许多其他股票一起回落，因为 <strong>纳斯达克综合指数</strong> 在四月初短暂进入熊市区域，较近期高点下跌超过 20%。然而，英伟达表现出韧性，股价最近有所反弹。尽管股市的下行趋势可能尚未结束，但最终会再次回升。英伟达继续在人工智能（AI）、游戏、机器人、驾驶辅助和自动驾驶技术等领域保持领先地位。</p>
<h2>股票拆分事实</h2>
<p>这一业务正是吸引投资者关注英伟达股票的原因。未来可能还会有另一次股票拆分。而历史表明，在拆分前持有股票可能会带来收益。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTI5NTYvc3RvY2stc3BsaXQtZGF0YS1zdGF0aXN0YS5qcGVnJnc9NzAw?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-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTI5NTYvc3RvY2stc3BsaXQtZGF0YS1zdGF0aXN0YS5qcGVnJnc9NzAw"/></p>
<p>图片来源：Statista。</p>
<p>为了确定原因，我们来看看公司为什么会拆分股票。毕竟，拆分并不会影响公司的价值，反而会增加一些物流、法律费用和其他名义上的成本。</p>
<p>拆分股票可以通过使股票对更多投资者更具可负担性来增加流动性。零售投资者可能是交易量增加的一部分，因为较低价格的股票对那些刚开始投资或资金有限的人更具吸引力。虽然现在许多经纪公司提供分数股，但大多数人可能并不利用这一不常宣传的选项。因此，较低的股价可以吸引更多买家。这是一种可负担性的认知。</p>
<p>公司通常会拆分那些价格上涨的股票。宣布拆分往往会给投资者增加信心，认为未来会有更强劲的表现。该股票也可能被纳入更多主要股票指数，特别是那些使用价格加权计算的指数。最后，拆分也可能是考虑到公司员工的需求。如果股票对参与者更具可负担性，员工股票购买计划的参与度可能会增加。</p>
<h2>英伟达的价值前景</h2>
<p>因此，尽管股票拆分不会直接影响公司的价值，即其市值不会改变，但投资者的认知和市场活动往往有助于未来的表现。英伟达管理层也可以超越短期波动，关注积极的未来业务发展，从而获得信心宣布另一次股票拆分。</p>
<p>大多数投资者关注的是英伟达不断增长的数据中心收入。该部门在截至 2025 年 1 月 26 日的过去财政年度中占据了其收入增长的主要部分。但其其他三个部门在过去两年中每年都实现了收入增长。游戏部门的收入超过 100 亿美元。然而，去年仅占销售的约 9%，因此许多投资者对英伟达的其他增长领域持有保留态度。</p>
<p>也许其最大的增长潜力来自于汽车和机器人终端用途。该部门的基础远低于数据中心，其总可寻址市场可能准备迎来增长的爆发。汽车制造商已经包括先进的驾驶辅助系统，可能即将销售完全自动驾驶的车辆。机器人技术也可能正处于从固定工业用途向移动人形版本过渡的阶段，这可以帮助企业进一步提高效率。</p>
<h2>股票拆分即将来临吗？</h2>
<p>这些理由比期待下一次股票拆分更能说明购买英伟达股票的价值。历史确实表明，拆分公告可能会导致超越市场的回报。然而，我认为英伟达股票将因基本面原因而超越市场。</p>
<p>英伟达的管理层和董事会可能会等到持续的市场动荡平息后再宣布下一次股票拆分。不过，无论如何，投资者持有该股票都是明智的。这样，你可以参与一家快速增长的公司以及可能宣布的任何未来股票拆分。</p>

英伟达

<p>英伟达在近一年前进行了一次股票拆分后，可能会考虑再次拆分，因为尽管最近市场出现下滑，其股价仍在反弹。股票拆分可以提高流动性并吸引更多散户投资者，尽管这并不会改变公司的市场价值。英伟达在人工智能、游戏和机器人领域的强劲业务使其在未来增长方面具备良好前景，特别是在数据中心和汽车行业。虽然拆分可能会提升投资者信心，但重点应放在英伟达的基本增长潜力上，而不仅仅是拆分本身</p>

<p>It was nearly one year ago that <strong>Nvidia</strong>(NVDA -2.02%) last split its stock. That 10-for-1 stock split was the sixth in the company's history since entering the public markets in 1999. Shares proceeded to march to an all-time closing high about six months after last June's stock split.</p>
<div class="lb-trans"><p>几乎在一年前，<strong>英伟达</strong>（NVDA -2.02%）最后一次进行了股票拆分。那次 10 比 1 的股票拆分是该公司自 1999 年进入公开市场以来的第六次。股票在去年六月的拆分后约六个月内上涨至历史最高收盘价。</p>
</div><p>Shares have since retreated along with many others as the <strong>Nasdaq Composite</strong> index briefly entered bear market territory in early April, declining more than 20% off recent highs. Yet Nvidia has been resilient and its share prices have recently rebounded. While the downturn in the stock market may not be over, it will eventually gain ground again. Nvidia continues to have a leading business covering artificial intelligence (AI), gaming, robotics, driver assistance, and self-driving technologies.</p>
<div class="lb-trans"><p>自那时以来，股票价格与许多其他股票一起回落，因为 <strong>纳斯达克综合指数</strong> 在四月初短暂进入熊市区域，较近期高点下跌超过 20%。然而，英伟达表现出韧性，股价最近有所反弹。尽管股市的下行趋势可能尚未结束，但最终会再次回升。英伟达继续在人工智能（AI）、游戏、机器人、驾驶辅助和自动驾驶技术等领域保持领先地位。</p>
</div><h2>Stock-split facts</h2>
<div class="lb-trans"><h2>股票拆分事实</h2>
</div><p>That business is what should attract investors to Nvidia stock. Another stock split could also be in its future, though. And history shows that owning shares before they split can pay off.</p>
<div class="lb-trans"><p>这一业务正是吸引投资者关注英伟达股票的原因。未来可能还会有另一次股票拆分。而历史表明，在拆分前持有股票可能会带来收益。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTI5NTYvc3RvY2stc3BsaXQtZGF0YS1zdGF0aXN0YS5qcGVnJnc9NzAw" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F812956%2Fstock-split-data-statista.jpeg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Statista.</p>
<div class="lb-trans"><p>图片来源：Statista。</p>
</div><p>To determine why that might be, let's look at reasons companies split their stocks in the first place. After all, a split doesn't affect the value of the company one bit and even adds some expenses in logistics, legal fees, and other nominal costs.</p>
<div class="lb-trans"><p>为了确定原因，我们来看看公司为什么会拆分股票。毕竟，拆分并不会影响公司的价值，反而会增加一些物流、法律费用和其他名义上的成本。</p>
</div><p>Splitting a stock can increase liquidity by making shares more affordable for a larger group of investors. Retail investors are likely part of the increased trading volume because lower-priced shares look more attractive to those just starting out or with limited funds to invest. Fractional shares are offered at many brokerages now, but most people probably don't utilize that rarely-promoted option. So a lower share price can appeal to more buyers. It is a perception of affordability.</p>
<div class="lb-trans"><p>拆分股票可以通过使股票对更多投资者更具可负担性来增加流动性。零售投资者可能是交易量增加的一部分，因为较低价格的股票对那些刚开始投资或资金有限的人更具吸引力。虽然现在许多经纪公司提供分数股，但大多数人可能并不利用这一不常宣传的选项。因此，较低的股价可以吸引更多买家。这是一种可负担性的认知。</p>
</div><p>Companies also tend to split stocks that have trended higher. Announcing a split tends to give investors added confidence that further strong performance is ahead. The stock may also be included in more major stock indexes, especially those that use price-weighted calculations. Lastly, splits may also be announced with company employees in mind. Employee share purchase plans may get more participation if shares are more affordable to participants.</p>
<div class="lb-trans"><p>公司通常会拆分那些价格上涨的股票。宣布拆分往往会给投资者增加信心，认为未来会有更强劲的表现。该股票也可能被纳入更多主要股票指数，特别是那些使用价格加权计算的指数。最后，拆分也可能是考虑到公司员工的需求。如果股票对参与者更具可负担性，员工股票购买计划的参与度可能会增加。</p>
</div><h2>Value ahead for Nvidia</h2>
<div class="lb-trans"><h2>英伟达的价值前景</h2>
</div><p>So while stock splits don't directly affect the company's value, i.e., its market capitalization doesn't change, investor perception and market activity can tend to aid future performance. Nvidia management can also look beyond short-term volatility toward positive future business developments to gain confidence to announce another stock split.</p>
<div class="lb-trans"><p>因此，尽管股票拆分不会直接影响公司的价值，即其市值不会改变，但投资者的认知和市场活动往往有助于未来的表现。英伟达管理层也可以超越短期波动，关注积极的未来业务发展，从而获得信心宣布另一次股票拆分。</p>
</div><p>Most investors are focusing on Nvidia's growing data center revenue. That segment accounted for the bulk of its revenue growth in the past fiscal year ended Jan. 26, 2025. But each of its other three segments has increased revenue annually over the last two years. Gaming is a more than $10 billion segment. It only accounted for about 9% of sales last year, though, so many investors are discounting Nvidia's other growth areas.</p>
<div class="lb-trans"><p>大多数投资者关注的是英伟达不断增长的数据中心收入。该部门在截至 2025 年 1 月 26 日的过去财政年度中占据了其收入增长的主要部分。但其其他三个部门在过去两年中每年都实现了收入增长。游戏部门的收入超过 100 亿美元。然而，去年仅占销售的约 9%，因此许多投资者对英伟达的其他增长领域持有保留态度。</p>
</div><p>Perhaps its greatest growth potential comes from automotive and robotics end uses. That segment is at a much lower base than data centers, and its total addressable market could be ready to go through a growth spurt. Automakers already include advanced driver assistance packages and may be on the cusp of selling fully autonomous vehicles. Robotics technology may also be at the point of transition from stationary industrial uses to mobile, humanoid versions that can help businesses further improve efficiency.</p>
<div class="lb-trans"><p>也许其最大的增长潜力来自于汽车和机器人终端用途。该部门的基础远低于数据中心，其总可寻址市场可能准备迎来增长的爆发。汽车制造商已经包括先进的驾驶辅助系统，可能即将销售完全自动驾驶的车辆。机器人技术也可能正处于从固定工业用途向移动人形版本过渡的阶段，这可以帮助企业进一步提高效率。</p>
</div><h2>Is a stock split coming?</h2>
<div class="lb-trans"><h2>股票拆分即将来临吗？</h2>
</div><p>Those are better reasons to buy Nvidia stock than anticipating the next stock split. History does show that a split announcement could result in market-beating returns. Yet I think Nvidia stock will outpace the market simply for fundamental reasons.</p>
<div class="lb-trans"><p>这些理由比期待下一次股票拆分更能说明购买英伟达股票的价值。历史确实表明，拆分公告可能会导致超越市场的回报。然而，我认为英伟达股票将因基本面原因而超越市场。</p>
</div><p>Nvidia's management and board of directors will likely wait for ongoing market turmoil to settle before announcing its next stock split. It makes sense for investors to own the stock regardless, though. That way, you can participate in a fast-growing company along with any future stock splits that might be announced.</p>
<div class="lb-trans"><p>英伟达的管理层和董事会可能会等到持续的市场动荡平息后再宣布下一次股票拆分。不过，无论如何，投资者持有该股票都是明智的。这样，你可以参与一家快速增长的公司以及可能宣布的任何未来股票拆分。</p>
</div>

Stock-Split Watch: Is Nvidia Next?

- Nvidia 最近经历了 10 比 1 的股票拆分，股价在此后达到历史高点。  
- 尽管市场波动，Nvidia 在人工智能和游戏等领域表现出色，吸引投资者。  
- 股票拆分可能会增加流动性，未来可能会再次拆分以提升投资者信心。

股票拆分观察：英伟达会成为下一个吗？