<p>近年来，寻求高增长机会的投资者纷纷转向人工智能（AI）领域。这是因为在这一领域运营的公司实现了令人瞩目的收入增长——双位数和三位数的增长，并预测了强劲的长期前景。为什么前景如此光明？人工智能承诺为用户提供显著的优势，如效率、性能和更低的成本——这促使公司纷纷加入这一行列。</p>
<p>那些对人工智能基础设施建设至关重要的公司，如计算能力提供商，成为了这一人工智能热潮中首批受益者。其中两个优秀的例子是 <strong>Nvidia</strong>(NVDA 1.71%) 和 <strong>CoreWeave</strong>(CRWV 7.48%)。前者是全球第一的人工智能芯片设计公司，后者则是一家出租计算能力的公司。Nvidia 的股价在三年内上涨了近 800%，而 CoreWeave 的股票自 3 月份首次公开募股（IPO）以来飙升了 268%。</p>
<p>这两家公司都代表了引人注目的人工智能投资。但目前哪一家公司是更好的高增长人工智能投资呢？让我们来看看。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjE4MDAvZ2V0dHlpbWFnZXMtZGF0YS1jZW50ZXIuanBnJnc9NzAw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="700" height="376" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjE4MDAvZ2V0dHlpbWFnZXMtZGF0YS1jZW50ZXIuanBnJnc9NzAw"/></p>
<p>图片来源：Getty Images。</p>
<h2>支持 Nvidia 的理由</h2>
<p>Nvidia 制造了最受欢迎的图形处理单元（GPU），或芯片，以支持关键的人工智能任务，如训练模型和驱动其 “思考”，以便解决问题。科技巨头如 <strong>Meta Platforms</strong> 和 <strong>Alphabet</strong> 以及其他希望在人工智能领域获胜的公司纷纷选择 Nvidia——他们认识到，如果想要实现目标，使用最好的工具至关重要。</p>
<p>而且，需求如此强劲，以至于 Nvidia 在去年晚些时候推出其 Blackwell 架构和芯片时，需求超过了供应。尽管如此，Nvidia 还是成功推出了该平台，没有出现重大故障，Blackwell 在市场上的第一个季度就实现了 110 亿美元的收入。这一切都展示了 Nvidia 在市场上的强大地位。</p>
<p>我预计这种情况将继续下去，因为 Nvidia 将创新作为重点，承诺每年更新其 GPU。考虑到 Nvidia 的 GPU 已经在市场上提供最佳性能，凭借这种创新速度，竞争对手很难将其挤出第一的位置。</p>
<p>在人工智能热潮初期，Nvidia 的销售额增长了三位数，但如今，该公司的收入增长已降至双位数。这让一些投资者感到失望，但重要的是要记住，Nvidia 每季度的收入约为 440 亿美元——这使得它从已经很高的水平上实现三位数增长变得更加困难。因此，我不会将其视为放缓，而是一个信号，表明 Nvidia 已经度过了在人工智能市场建立地位的早期阶段。</p>
<h2>支持 CoreWeave 的理由</h2>
<p>谈到 CoreWeave，就不能不提到 Nvidia，因为这家新上市的公司在很大程度上依赖于这家人工智能芯片巨头。CoreWeave 的业务主要是出租对 Nvidia 计算能力的访问——该公司在 30 多个数据中心运行约 250,000 个 Nvidia GPU。</p>
<p>Nvidia 的成功得益于其灵活性，允许客户长时间或仅仅一两个小时访问这些 GPU。而且，与提供广泛产品和服务的其他云服务不同，出租和优化人工智能计算是 CoreWeave 的专长。这一商业模式正在奏效，因为 CoreWeave 的收入最近大幅增长。在最新的一个季度，收入飙升了 420%，达到了 9.81 亿美元。</p>
<p>Nvidia 是这家年轻公司的支持者，拥有 7% 的股份，并帮助 CoreWeave 迅速扩大其 GPU 阵容以服务客户——CoreWeave 甚至是第一个使 Blackwell 普遍可用的公司。</p>
<p>不过，值得注意的是，Nvidia 能够在其平台上进行大量投资，同时仍保持高度盈利。这是因为 Nvidia 成立于 30 多年前，当人工智能热潮开始时，已经是一家成熟且盈利的公司。</p>
<p>CoreWeave 则处于完全不同的发展阶段。它必须在今天大量投资 GPU 以满足需求，这使其离盈利更远。在最新的一个季度，它报告每股亏损 1.49 美元，较去年同期的 0.62 美元亏损有所加深。</p>
<p>尽管如此，显然如果对 Nvidia 的 GPU 需求保持强劲，CoreWeave 将是首批受益者之一，最终这可能会导致盈利。</p>
<h2>那么，哪一个是更好的高增长投资？</h2>
<p>CoreWeave 的增长令人印象深刻，这一增长率可能继续超过 Nvidia。这意味着寻求三位数增长的激进投资者可能更倾向于现在选择 CoreWeave。但重要的是要记住，这家新上市的公司今年的股价已经大幅上涨，而 Nvidia 的股价仅上涨了约 5%。</p>
<p>与此同时，Nvidia 目前的估值合理，仅为未来收益预期的 33 倍，而年初时为 50 倍。这为 Nvidia 提供了充足的上涨空间，可能会鼓励投资者现在购买该股票。</p>
<p>与此同时，CoreWeave 在很大程度上依赖于 Nvidia 的 GPU，如果出现任何放缓，该公司可能会受到影响。当然，GPU 需求的放缓显然对 Nvidia 也会造成困难，但该公司在人工智能产品和服务以及其游戏业务中的存在为投资者提供了一定程度的安全感。</p>
<p>所有这些意味着，尽管 CoreWeave 可能增长更快，但 Nvidia 的增长水平仍然显著，使其成为大多数投资者更好的选择。</p>

CRWV

英伟达

2 倍做多英伟达 ETF - GraniteShares

南方两倍做多英伟达

南方两倍做空英伟达

英伟达期权收益策略 ETF - YieldMax

1 倍做空英伟达 ETF - Direxion

2 倍做多 NVDA ETF - T-Rex

2 倍做空 NVDA ETF - T-Rex

半导体 3 倍做多 - Direxion

<p>投资者正在关注人工智能领域的高增长机会，特别是英伟达和 CoreWeave。作为领先的人工智能芯片设计公司，英伟达的股价在三年内上涨了近 800%，而 CoreWeave 自上市以来上涨了 268%。英伟达的 GPU 对人工智能任务至关重要，尽管其收入增长已转向两位数，但仍然是市场的主导者。CoreWeave 在很大程度上依赖于英伟达，报告显示其收入增长了 420%，但尚未实现盈利。激进的投资者可能会因其增长潜力而偏好 CoreWeave</p>

<p>Investors looking for high-growth opportunities have turned to the artificial intelligence (AI) sector in recent years. This is as companies operating in the space have delivered impressive revenue growth -- in the double and triple digits -- and forecast strong long-term prospects. Why is the picture so bright? AI promises to offer users significant advantages, such as efficiency, performance, and lower costs -- and this has prompted companies to jump on board.</p>
<div class="lb-trans"><p>近年来，寻求高增长机会的投资者纷纷转向人工智能（AI）领域。这是因为在这一领域运营的公司实现了令人瞩目的收入增长——双位数和三位数的增长，并预测了强劲的长期前景。为什么前景如此光明？人工智能承诺为用户提供显著的优势，如效率、性能和更低的成本——这促使公司纷纷加入这一行列。</p>
</div><p>Those that are crucial to the AI infrastructure buildout, such as providers of computing power, have been the first to benefit in this AI boom. And two great examples are <strong>Nvidia</strong>(NVDA 1.71%) and <strong>CoreWeave</strong>(CRWV 7.48%). The former is the world's No. 1 AI chip designer, and the latter is a company that rents out access to computing power. Nvidia has seen its shares advance nearly 800% over three years, and CoreWeave's stock has surged 268% from its March initial public offering (IPO).</p>
<div class="lb-trans"><p>那些对人工智能基础设施建设至关重要的公司，如计算能力提供商，成为了这一人工智能热潮中首批受益者。其中两个优秀的例子是 <strong>Nvidia</strong>(NVDA 1.71%) 和 <strong>CoreWeave</strong>(CRWV 7.48%)。前者是全球第一的人工智能芯片设计公司，后者则是一家出租计算能力的公司。Nvidia 的股价在三年内上涨了近 800%，而 CoreWeave 的股票自 3 月份首次公开募股（IPO）以来飙升了 268%。</p>
</div><p>Both of these players represent compelling AI investments. But which is the better high-growth AI buy right now? Let's find out.</p>
<div class="lb-trans"><p>这两家公司都代表了引人注目的人工智能投资。但目前哪一家公司是更好的高增长人工智能投资呢？让我们来看看。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjE4MDAvZ2V0dHlpbWFnZXMtZGF0YS1jZW50ZXIuanBnJnc9NzAw" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F821800%2Fgettyimages-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>The case for Nvidia</h2>
<div class="lb-trans"><h2>支持 Nvidia 的理由</h2>
</div><p>Nvidia makes the most sought-after graphics processing units (GPUs), or chips, to power key AI tasks like the processes of training a model and powering its &#34;thinking&#34; so that it can solve problems. Tech giants such as <strong>Meta Platforms</strong> and <strong>Alphabet</strong> as well as other companies aiming to win in AI have flocked to Nvidia -- they recognize the importance of using the very best tools out there if they aim to reach their goals.</p>
<div class="lb-trans"><p>Nvidia 制造了最受欢迎的图形处理单元（GPU），或芯片，以支持关键的人工智能任务，如训练模型和驱动其 “思考”，以便解决问题。科技巨头如 <strong>Meta Platforms</strong> 和 <strong>Alphabet</strong> 以及其他希望在人工智能领域获胜的公司纷纷选择 Nvidia——他们认识到，如果想要实现目标，使用最好的工具至关重要。</p>
</div><p>And interest has been so strong that as Nvidia launched its Blackwell architecture and chip late last year, demand surpassed supply. Still, Nvidia managed to roll out the platform without major glitches, and Blackwell delivered $11 billion in its very first quarter on the market. All of this demonstrates the power of Nvidia's market position.</p>
<div class="lb-trans"><p>而且，需求如此强劲，以至于 Nvidia 在去年晚些时候推出其 Blackwell 架构和芯片时，需求超过了供应。尽管如此，Nvidia 还是成功推出了该平台，没有出现重大故障，Blackwell 在市场上的第一个季度就实现了 110 亿美元的收入。这一切都展示了 Nvidia 在市场上的强大地位。</p>
</div><p>I would expect this to continue as Nvidia has made innovation its focus, promising to update its GPUs on an annual basis. Considering Nvidia's GPUs already offer the best performance on the market, with this pace of innovation, it will be tough for competitors to push it out of the top spot.</p>
<div class="lb-trans"><p>我预计这种情况将继续下去，因为 Nvidia 将创新作为重点，承诺每年更新其 GPU。考虑到 Nvidia 的 GPU 已经在市场上提供最佳性能，凭借这种创新速度，竞争对手很难将其挤出第一的位置。</p>
</div><p>Earlier in the AI boom, Nvidia's sales climbed in the triple digits, but these days, the company is delivering double-digit revenue growth. This has disappointed some investors but it's important to keep in mind that Nvidia is bringing in quarterly revenue of about $44 billion -- making it more difficult for it to register triple-digit gains from that already high level. So, I wouldn't view this as a slowdown, but instead a signal that Nvidia has passed that early stage of establishing its position in the AI market.</p>
<div class="lb-trans"><p>在人工智能热潮初期，Nvidia 的销售额增长了三位数，但如今，该公司的收入增长已降至双位数。这让一些投资者感到失望，但重要的是要记住，Nvidia 每季度的收入约为 440 亿美元——这使得它从已经很高的水平上实现三位数增长变得更加困难。因此，我不会将其视为放缓，而是一个信号，表明 Nvidia 已经度过了在人工智能市场建立地位的早期阶段。</p>
</div><h2>The case for CoreWeave</h2>
<div class="lb-trans"><h2>支持 CoreWeave 的理由</h2>
</div><p>You can't talk about CoreWeave without talking about Nvidia, and that's because this newly public company depends heavily on the AI chip giant. CoreWeave's business, primarily, is renting out access to Nvidia's computing power -- the company runs about 250,000 Nvidia GPUs across more than 30 data centers.</p>
<div class="lb-trans"><p>谈到 CoreWeave，就不能不提到 Nvidia，因为这家新上市的公司在很大程度上依赖于这家人工智能芯片巨头。CoreWeave 的业务主要是出租对 Nvidia 计算能力的访问——该公司在 30 多个数据中心运行约 250,000 个 Nvidia GPU。</p>
</div><p>Nvidia has built success thanks to its flexibility, allowing customers to access these GPUs for long periods of time or simply an hour or two. And, unlike other cloud services which offer a broad range of products and services, the renting out and optimizing of compute for AI is CoreWeave's specialty. This business model is working, as CoreWeave's revenue has taken off in recent times. In the latest quarter, revenue soared 420% to $981 million.</p>
<div class="lb-trans"><p>Nvidia 的成功得益于其灵活性，允许客户长时间或仅仅一两个小时访问这些 GPU。而且，与提供广泛产品和服务的其他云服务不同，出租和优化人工智能计算是 CoreWeave 的专长。这一商业模式正在奏效，因为 CoreWeave 的收入最近大幅增长。在最新的一个季度，收入飙升了 420%，达到了 9.81 亿美元。</p>
</div><p>Nvidia is a supporter of this young company, as it owns a 7% stake and has helped CoreWeave rapidly ramp up its fleet of GPUs to serve customers -- CoreWeave even was the first to make Blackwell generally available.</p>
<div class="lb-trans"><p>Nvidia 是这家年轻公司的支持者，拥有 7% 的股份，并帮助 CoreWeave 迅速扩大其 GPU 阵容以服务客户——CoreWeave 甚至是第一个使 Blackwell 普遍可用的公司。</p>
</div><p>It's important to note, though, that Nvidia is able to invest significantly in its platforms and still remain highly profitable. This is because Nvidia, founded more than 30 years ago, already was a well-established, profitable company when the AI boom started.</p>
<div class="lb-trans"><p>不过，值得注意的是，Nvidia 能够在其平台上进行大量投资，同时仍保持高度盈利。这是因为 Nvidia 成立于 30 多年前，当人工智能热潮开始时，已经是一家成熟且盈利的公司。</p>
</div><p>CoreWeave is at a completely different stage of its development. It must invest heavily in GPUs today to meet demand, and this pushes it farther away from profitability. In the latest quarter, it reported a loss per share of $1.49, deepening from $0.62 in the year-earlier period.</p>
<div class="lb-trans"><p>CoreWeave 则处于完全不同的发展阶段。它必须在今天大量投资 GPU 以满足需求，这使其离盈利更远。在最新的一个季度，它报告每股亏损 1.49 美元，较去年同期的 0.62 美元亏损有所加深。</p>
</div><p>Still, it's clear that if demand remains strong for Nvidia's GPUs, CoreWeave will be one of the first to benefit and eventually this may result in profitability.</p>
<div class="lb-trans"><p>尽管如此，显然如果对 Nvidia 的 GPU 需求保持强劲，CoreWeave 将是首批受益者之一，最终这可能会导致盈利。</p>
</div><h2>So, which is the better high-growth buy?</h2>
<div class="lb-trans"><h2>那么，哪一个是更好的高增长投资？</h2>
</div><p>CoreWeave's growth is impressive, and this rate of growth could continue to surpass that of Nvidia. This means aggressive investors looking for a triple-digit growth player may prefer CoreWeave right now. But it's important to remember that this newly public company already has seen its shares surge this year, while Nvidia's stock has only advanced about 5%.</p>
<div class="lb-trans"><p>CoreWeave 的增长令人印象深刻，这一增长率可能继续超过 Nvidia。这意味着寻求三位数增长的激进投资者可能更倾向于现在选择 CoreWeave。但重要的是要记住，这家新上市的公司今年的股价已经大幅上涨，而 Nvidia 的股价仅上涨了约 5%。</p>
</div><p>At the same time, Nvidia is trading at a reasonable valuation these days at only 33 times forward earnings estimates, compared with 50 at the start of the year. This offers Nvidia plenty of room to run and could encourage investors to buy the stock now.</p>
<div class="lb-trans"><p>与此同时，Nvidia 目前的估值合理，仅为未来收益预期的 33 倍，而年初时为 50 倍。这为 Nvidia 提供了充足的上涨空间，可能会鼓励投资者现在购买该股票。</p>
</div><p>Meanwhile, CoreWeave does depend heavily on Nvidia's GPUs, and if there's any slowdown, the company could suffer. Of course, a slowdown in GPU demand clearly would be tough for Nvidia too, but the company's presence across AI products and services and its business in the gaming sector offer investors a certain level of security.</p>
<div class="lb-trans"><p>与此同时，CoreWeave 在很大程度上依赖于 Nvidia 的 GPU，如果出现任何放缓，该公司可能会受到影响。当然，GPU 需求的放缓显然对 Nvidia 也会造成困难，但该公司在人工智能产品和服务以及其游戏业务中的存在为投资者提供了一定程度的安全感。</p>
</div><p>All of this means that, while CoreWeave might be higher growth, Nvidia's levels still are significant, making it the better buy for most investors.</p>
<div class="lb-trans"><p>所有这些意味着，尽管 CoreWeave 可能增长更快，但 Nvidia 的增长水平仍然显著，使其成为大多数投资者更好的选择。</p>
</div>

Better High-Growth AI Buy: Nvidia vs. CoreWeave

- 投资者关注人工智能领域，因其公司实现了显著的收入增长。  
- Nvidia 和 CoreWeave 是该领域的代表，前者股价三年上涨近 800%。  
- CoreWeave 依赖 Nvidia 的计算能力，最新季度收入增长 420%。

更好的高增长 AI 投资选择：NVIDIA 与 Coreweave