<p><strong>英伟达</strong>(NVDA 5.07%) 的股价在周四大幅上涨。截止东部时间上午 10:30，该芯片制造商的股票上涨了 3.9%，早些时候一度上涨了 6.4%。这一上涨与 <strong>标准普尔 500 指数</strong>(^GSPC 0.53%) 上涨 0.3% 以及 <strong>纳斯达克综合指数</strong>(^IXIC 0.85%) 上涨 0.4% 相伴随。</p>
<p>这家人工智能（AI）巨头在昨天市场收盘后公布了 2026 年第一季度的财报，再次超出了华尔街已经设定的高目标。</p>
<h2>英伟达交出又一个重要季度</h2>
<p>该公司发布了季度财报，报告每股收益（EPS）为 0.96 美元，销售额为 440.6 亿美元。营收和净利均超出市场普遍预期的每股 0.93 美元和 433.1 亿美元的销售额。</p>
<p>营收同比增长 69%，较 2025 年第一季度的 260 亿美元大幅提升。这主要得益于利润丰厚的数据中心业务的增长，该业务同比增长 73%，现在占公司整体营收的 88%。</p>
<p>首席执行官黄仁勋指出，对其 AI 芯片的需求依然强劲，他在一份声明中表示：“全球对英伟达 AI 基础设施的需求极其强劲。”</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTk5NjAvbnZpZGlhLWRhdGEtY2VudGVyLmpwZyZ3PTcwMA?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-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTk5NjAvbnZpZGlhLWRhdGEtY2VudGVyLmpwZyZ3PTcwMA"/></p>
<p>图片来源：Getty Images。</p>
<h2>中国是一个问题</h2>
<p>该公司坚称，如果没有被限制向中国销售，其季度业绩将会更强。在本季度，特朗普政府告知该公司，由于安全问题，向中国公司销售其已经减弱的 H20 处理器需要出口许可证。</p>
<p>英伟达因此遭受了 45 亿美元的政策变更相关费用。这也意味着毛利率为 61%，而不是公司所称的如果没有这些限制将报告的 71.3%。</p>
<h2>英伟达继续主导市场</h2>
<p>尽管在中国的销售问题将对公司的底线产生重大影响，但其他地方的需求过于强劲，无法减缓这一势头。英伟达继续全力以赴，尽管未来的增长速度不会与公司去年巅峰时的增长相匹配，但仍然足以证明其当前估值的合理性。</p>

英伟达

<p>英伟达的股票在其 2026 财年第一季度财报发布后上涨了 3.9%，该财报超出了华尔街的预期，每股收益为 0.96 美元，销售额为 440.6 亿美元，同比增长 69%。数据中心部门推动了增长，占总收入的 88%。然而，由于美国对中国的出口限制，英伟达面临 45 亿美元的费用，这影响了毛利率。尽管面临这些挑战，英伟达的人工智能芯片需求依然强劲，支撑了其估值</p>

<p>Shares of <strong>Nvidia</strong>(NVDA 5.07%) are jumping on Thursday. The chipmaker's stock spiked 3.9% as of 10:30 a.m. ET and was up as much as 6.4% earlier in the day. The move up comes as the <strong>S&amp;P 500</strong>(^GSPC 0.53%) gained 0.3% and the <strong>Nasdaq Composite</strong>(^IXIC 0.85%) gained 0.4%.</p>
<div class="lb-trans"><p><strong>英伟达</strong>(NVDA 5.07%) 的股价在周四大幅上涨。截止东部时间上午 10:30，该芯片制造商的股票上涨了 3.9%，早些时候一度上涨了 6.4%。这一上涨与 <strong>标准普尔 500 指数</strong>(^GSPC 0.53%) 上涨 0.3% 以及 <strong>纳斯达克综合指数</strong>(^IXIC 0.85%) 上涨 0.4% 相伴随。</p>
</div><p>The artificial intelligence (AI) giant reported its Q1 2026 earnings after the market closed yesterday, once again beating Wall Street's already lofty targets.</p>
<div class="lb-trans"><p>这家人工智能（AI）巨头在昨天市场收盘后公布了 2026 年第一季度的财报，再次超出了华尔街已经设定的高目标。</p>
</div><h2>Nvidia delivers another major quarter</h2>
<div class="lb-trans"><h2>英伟达交出又一个重要季度</h2>
</div><p>The company released its quarterly numbers, reporting earnings per share (EPS) of $0.96 on $44.06 billion in sales. The top and bottom lines beat the consensus estimates of $0.93 on $43.31 billion in sales.</p>
<div class="lb-trans"><p>该公司发布了季度财报，报告每股收益（EPS）为 0.96 美元，销售额为 440.6 亿美元。营收和净利均超出市场普遍预期的每股 0.93 美元和 433.1 亿美元的销售额。</p>
</div><p>Revenue grew 69% year over year (YOY), up from $26 billion in Q1 2025. This was primarily driven by growth in the uber-lucrative data center segment, which grew 73% YOY and now accounts for 88% of the company's overall revenue.</p>
<div class="lb-trans"><p>营收同比增长 69%，较 2025 年第一季度的 260 亿美元大幅提升。这主要得益于利润丰厚的数据中心业务的增长，该业务同比增长 73%，现在占公司整体营收的 88%。</p>
</div><p>CEO Jensen Huang pointed out that demand for its AI-enabling chips remains sky-high, saying in a statement, &#34;Global demand for Nvidia's AI infrastructure is incredibly strong.&#34;</p>
<div class="lb-trans"><p>首席执行官黄仁勋指出，对其 AI 芯片的需求依然强劲，他在一份声明中表示：“全球对英伟达 AI 基础设施的需求极其强劲。”</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTk5NjAvbnZpZGlhLWRhdGEtY2VudGVyLmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F819960%2Fnvidia-data-center.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>China is an issue</h2>
<div class="lb-trans"><h2>中国是一个问题</h2>
</div><p>The blowout quarter would have been even stronger, the company insists, if it had not been restricted from selling into China. During this quarter, the Trump administration told the company that it would need an export license to sell its already watered-down H20 processors to Chinese companies due to security concerns.</p>
<div class="lb-trans"><p>该公司坚称，如果没有被限制向中国销售，其季度业绩将会更强。在本季度，特朗普政府告知该公司，由于安全问题，向中国公司销售其已经减弱的 H20 处理器需要出口许可证。</p>
</div><p>Nvidia incurred $4.5 billion in charges related to the change in policy. It also meant gross margin was 61% instead of the 71.3% the company says it would have reported had the restrictions not gone into effect.</p>
<div class="lb-trans"><p>英伟达因此遭受了 45 亿美元的政策变更相关费用。这也意味着毛利率为 61%，而不是公司所称的如果没有这些限制将报告的 71.3%。</p>
</div><h2>Nvidia continues to dominate</h2>
<div class="lb-trans"><h2>英伟达继续主导市场</h2>
</div><p>Despite the issues with sales in China, which will have a significant impact on the company's bottom line, there is too much demand elsewhere to slow this train down. Nvidia continues to fire on all cylinders, and although the rate of growth moving forward won't match that of the company's peak last year, it is still more than enough to justify its current valuation.</p>
<div class="lb-trans"><p>尽管在中国的销售问题将对公司的底线产生重大影响，但其他地方的需求过于强劲，无法减缓这一势头。英伟达继续全力以赴，尽管未来的增长速度不会与公司去年巅峰时的增长相匹配，但仍然足以证明其当前估值的合理性。</p>
</div>

Why Nvidia Stock Is Soaring Today

- 英伟达（Nvidia）股价周四上涨，盘中最高涨幅达 6.4%。
- 公司 Q1 2026 财报显示每股收益为 $0.96，销售额达 $44.06 亿。
- 受限于对中国的销售禁令，英伟达面临 $4.5 亿的政策变更费用。

为什么英伟达的股票今天大涨