<p><strong>英伟达</strong>(NVDA 1.71%) 的股票在过去几年中飙升，三年内上涨了惊人的 800%，这得益于公司在人工智能（AI）热潮中的角色。作为全球顶尖的 AI 芯片设计公司，它创造了创纪录的收入——在最新的财年中超过了 1300 亿美元——投资者纷纷涌入这个令人兴奋的增长故事。</p>
<p>然而，现在随着英伟达的季度收入从三位数增长转变为两位数增长，投资者开始担心这只股票是否能够保持其势头。此外，公司目前面临一个关键挑战：美国对向中国出口芯片的管控，而中国是英伟达的重要市场。</p>
<p>尽管如此，全球 AI 市场前景光明，分析师预测未来几年复合年增长率将达到两位数，超过 2 万亿美元。作为芯片领导者，英伟达在这种环境中处于完美的位置。那这是否意味着英伟达是你成为百万富翁的机会？让我们来看看。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjE3NjUvZ2V0dHlpbWFnZXMtNDc2MTk2OTgzLmpwZyZ3PTcwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="700" height="500" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjE3NjUvZ2V0dHlpbWFnZXMtNDc2MTk2OTgzLmpwZyZ3PTcwMA"/></p>
<p>图片来源：Getty Images。</p>
<h2>英伟达令人兴奋的增长故事</h2>
<p>首先，让我们回顾一下过去，了解英伟达迄今为止的快速发展故事。这家公司由现任首席执行官黄仁勋创立于 30 多年前，早期主要服务于游戏市场，提供图形处理单元（GPU）。这些强大的芯片能够同时处理多个任务，迅速成为其他行业的优秀工具。近年来，它们在 AI 领域展现了强大的优势，并成为高效开发强大大型语言模型的关键。</p>
<p>所有这些都转化为公司的收入增长和销售的高盈利水平，毛利率每季度超过 70%。</p>
<p>如前所述，最近困扰这一高增长故事的是对英伟达在中国未来的担忧。几年前，美国对向中国出口的 GPU 建立了管控，最近甚至停止了专门为这些管控设计的 GPU 的销售。过去几周的另一个担忧是美国计划建立进口关税。目前，电子产品通常被排除在外，但特朗普政府表示，这些项目的关税计划正在制定中。</p>
<h2>英伟达在中国</h2>
<p>现在让我们考虑英伟达的长期前景。中国及一般出口情况仍然是挑战，但英伟达也迅速采取了行动。例如，公司已开始投资美国制造，以减少对出口的依赖，英伟达最近表示，预计在未来 12 到 15 个月内将有两家工厂投入运营。</p>
<p>这些投资以及在中国市场缺乏销售可能会对增长产生压力，但考虑到英伟达的市场领导地位以及美国是公司最大的市场，我认为这种影响将是有限的。还需要注意的是，英伟达从三位数增长转向两位数增长是正常的，因为销售已达到极高的水平。当季度收入较低时，产生三位数增长要容易得多。</p>
<p>考虑到这一切，英伟达是你成为百万富翁的机会吗？现在，你可以以合理的价格投资英伟达，因为该股票的前瞻性市盈率为 33 倍，低于几个月前，而收入仍在飙升。</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/cfac8f06b2176e6459c607f91949afa8.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="720" height="456" original-src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/cfac8f06b2176e6459c607f91949afa8.png"/></p>
<p>NVDA 前瞻性市盈率数据来源于 YCharts</p>
<h2>一个造富者？</h2>
<p>对于任何想要押注于 AI 革命的投资者来说，这只股票都是一个很好的选择，因为英伟达在每个发展阶段都将发挥关键作用，并且 AI 正在被广泛应用。不过，我不认为仅靠英伟达就能让你成为百万富翁。一个例子说明了我的观点：如果你今天投资 10,000 美元在这只股票上，并且它在未来几年内像过去三年那样上涨 800%，你的投资价值将达到 90,000 美元。这是非常棒的，但距离 100 万美元还差得远。</p>
<p>不过，有一个好消息：英伟达可能在你通往财富的道路上发挥重要作用。如果你与一组多样化的优质股票一起投资于这家顶尖科技公司，并持有数年，你最终可能会拥有一个百万美元的投资组合。</p>

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>英伟达的股票在三年内飙升了 800%，这得益于其在人工智能芯片设计方面的领导地位以及超过 1300 亿美元的创纪录收入。然而，随着季度收入增长从三位数转向两位数，加上美国对中国的出口管制，市场上出现了一些担忧。尽管面临这些挑战，英伟达在美国制造业的投资和强大的市场地位表明，对增长的影响有限。虽然投资英伟达可能会显著增加财富，但它可能无法单独让人变成百万富翁。建议采取多元化的投资策略，以实现长期财富积累</p>

<p><strong>Nvidia</strong>(NVDA 1.71%) stock has skyrocketed over the past few years, advancing an eye-popping 800% over three years, thanks to the company's role in the artificial intelligence (AI) boom. As the world's top AI chip designer, it's generated record revenue -- surpassing $130 billion in the latest fiscal year -- and investors have piled into this exciting growth story.</p>
<div class="lb-trans"><p><strong>英伟达</strong>(NVDA 1.71%) 的股票在过去几年中飙升，三年内上涨了惊人的 800%，这得益于公司在人工智能（AI）热潮中的角色。作为全球顶尖的 AI 芯片设计公司，它创造了创纪录的收入——在最新的财年中超过了 1300 亿美元——投资者纷纷涌入这个令人兴奋的增长故事。</p>
</div><p>Now, though, as Nvidia's quarterly revenue has transitioned to double-digit growth from triple-digit, investors have been wondering if the stock will keep up its momentum. On top of that, the company faces one key challenge at the moment: U.S. controls on chip exports to China, a significant market for Nvidia.</p>
<div class="lb-trans"><p>然而，现在随着英伟达的季度收入从三位数增长转变为两位数增长，投资者开始担心这只股票是否能够保持其势头。此外，公司目前面临一个关键挑战：美国对向中国出口芯片的管控，而中国是英伟达的重要市场。</p>
</div><p>Still, the global AI market has bright days ahead, with analysts forecasting a compound annual growth rate in the double-digits to reach more than $2 trillion over the next several years. Nvidia, as the chip leader, is perfectly positioned to benefit in this environment. Does that make Nvidia your ticket to becoming a millionaire? Let's find out.</p>
<div class="lb-trans"><p>尽管如此，全球 AI 市场前景光明，分析师预测未来几年复合年增长率将达到两位数，超过 2 万亿美元。作为芯片领导者，英伟达在这种环境中处于完美的位置。那这是否意味着英伟达是你成为百万富翁的机会？让我们来看看。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjE3NjUvZ2V0dHlpbWFnZXMtNDc2MTk2OTgzLmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F821765%2Fgettyimages-476196983.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>Nvidia's exciting growth story</h2>
<div class="lb-trans"><h2>英伟达令人兴奋的增长故事</h2>
</div><p>First, let's take a glance into the past and catch up on the fast-paced Nvidia story so far. This company, founded more than 30 years ago by current chief Jensen Huang, in its early days served the gaming market with its graphics processing units (GPUs). These powerful chips, with the ability to simultaneously process many tasks, soon emerged as a great tool for other industries. And in recent years, they showed their strengths in AI -- and became the key to developing powerful large language models in a highly efficient manner.</p>
<div class="lb-trans"><p>首先，让我们回顾一下过去，了解英伟达迄今为止的快速发展故事。这家公司由现任首席执行官黄仁勋创立于 30 多年前，早期主要服务于游戏市场，提供图形处理单元（GPU）。这些强大的芯片能够同时处理多个任务，迅速成为其他行业的优秀工具。近年来，它们在 AI 领域展现了强大的优势，并成为高效开发强大大型语言模型的关键。</p>
</div><p>All of this has translated into revenue growth for the company and a high level of profitability on sales, with gross margin exceeding 70% quarter after quarter.</p>
<div class="lb-trans"><p>所有这些都转化为公司的收入增长和销售的高盈利水平，毛利率每季度超过 70%。</p>
</div><p>As mentioned, what's disturbed this high-growth story in recent times has been concerns about Nvidia's future in China. The U.S. a few years ago established export controls on GPUs to be shipped to China and most recently even halted sales of the GPUs Nvidia designed specifically with these controls in mind. Another concern over the past several weeks is the U.S. plan to establish import tariffs. Right now, electronics are generally excluded, but the Trump Administration says a tariff plan for these items is on the way.</p>
<div class="lb-trans"><p>如前所述，最近困扰这一高增长故事的是对英伟达在中国未来的担忧。几年前，美国对向中国出口的 GPU 建立了管控，最近甚至停止了专门为这些管控设计的 GPU 的销售。过去几周的另一个担忧是美国计划建立进口关税。目前，电子产品通常被排除在外，但特朗普政府表示，这些项目的关税计划正在制定中。</p>
</div><h2>Nvidia in China</h2>
<div class="lb-trans"><h2>英伟达在中国</h2>
</div><p>Now let's consider Nvidia's longer-term prospects. The China and general export situation remain challenges, but Nvidia also has been quick to take action. For example, the company has launched investments into U.S. manufacturing to reduce its reliance on exports, and two factories should ramp up in the coming 12 to 15 months, Nvidia recently said.</p>
<div class="lb-trans"><p>现在让我们考虑英伟达的长期前景。中国及一般出口情况仍然是挑战，但英伟达也迅速采取了行动。例如，公司已开始投资美国制造，以减少对出口的依赖，英伟达最近表示，预计在未来 12 到 15 个月内将有两家工厂投入运营。</p>
</div><p>These investments and a lack of sales in the Chinese market could weigh on growth, but considering Nvidia's market leadership and the fact that the U.S. is the company's biggest market, I think this impact will be limited. It's also important to note that Nvidia's shift to double-digit growth from triple-digit is normal as sales have reached extremely high levels. It's much easier to generate triple-digit growth when quarterly revenue is low.</p>
<div class="lb-trans"><p>这些投资以及在中国市场缺乏销售可能会对增长产生压力，但考虑到英伟达的市场领导地位以及美国是公司最大的市场，我认为这种影响将是有限的。还需要注意的是，英伟达从三位数增长转向两位数增长是正常的，因为销售已达到极高的水平。当季度收入较低时，产生三位数增长要容易得多。</p>
</div><p>With all of this in mind, is Nvidia your ticket to becoming a millionaire? Right now, you can get in on Nvidia for a reasonable price as the stock trades for 33 times forward earnings estimates, lower than a few months ago, and revenue continues to soar.</p>
<div class="lb-trans"><p>考虑到这一切，英伟达是你成为百万富翁的机会吗？现在，你可以以合理的价格投资英伟达，因为该股票的前瞻性市盈率为 33 倍，低于几个月前，而收入仍在飙升。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/cfac8f06b2176e6459c607f91949afa8.png" alt="" original-src="https://media.ycharts.com/charts/cfac8f06b2176e6459c607f91949afa8.png"/></p>
<p>NVDA PE Ratio (Forward) data by YCharts</p>
<div class="lb-trans"><p>NVDA 前瞻性市盈率数据来源于 YCharts</p>
</div><h2>A millionaire-maker?</h2>
<div class="lb-trans"><h2>一个造富者？</h2>
</div><p>The stock makes a great buy for any investor who wants to bet on the AI revolution, as Nvidia is positioned to play a critical role through every chapter of development and as AI is put to use. Still, I wouldn't count on Nvidia, on its own, to make you a millionaire. An example illustrates my point: If you invest $10,000 in the stock today, and it climbs 800% in the coming years as it did over the past three, the value of your investment would be $90,000. That's fantastic, but far from $1 million.</p>
<div class="lb-trans"><p>对于任何想要押注于 AI 革命的投资者来说，这只股票都是一个很好的选择，因为英伟达在每个发展阶段都将发挥关键作用，并且 AI 正在被广泛应用。不过，我不认为仅靠英伟达就能让你成为百万富翁。一个例子说明了我的观点：如果你今天投资 10,000 美元在这只股票上，并且它在未来几年内像过去三年那样上涨 800%，你的投资价值将达到 90,000 美元。这是非常棒的，但距离 100 万美元还差得远。</p>
</div><p>Here's some good news though: Nvidia could play a valuable role as you travel on the path to wealth. If you invest in this top tech player along with a diversified group of quality stocks and hold on to them for a number of years, you could end up with a million-dollar portfolio over the long run.</p>
<div class="lb-trans"><p>不过，有一个好消息：英伟达可能在你通往财富的道路上发挥重要作用。如果你与一组多样化的优质股票一起投资于这家顶尖科技公司，并持有数年，你最终可能会拥有一个百万美元的投资组合。</p>
</div>

Is Nvidia Stock Your Ticket to Becoming a Millionaire?

- Nvidia 股票在过去三年上涨了 800%，受益于人工智能的快速发展。  
- 公司最新财年收入超过 1300 亿美元，但面临美国对中国芯片出口的限制。  
- 尽管增长放缓，分析师预测全球 AI 市场未来将保持强劲增长。  

英伟达的股票能否成为你迈向百万富翁的通行证？