<p>随着 <strong>Nvidia</strong>(NVDA 0.33%) 从 4 月初触及的 52 周低点上涨超过 40%，该股票现在已接近其历史最高点。对人工智能（AI）基础设施支出放缓的担忧现在看来似乎被夸大了。</p>
<p>与此同时，Nvidia 正在增加客户可以整合到不断增长的 AI 生态系统中的平台和产品。考虑到公司稳健的增长前景和接近历史最高市值的情况，Nvidia 可能是时候再次进行股票拆分了。</p>
<p>如果发生这种情况，这将是 Nvidia 自 1999 年公开交易以来的第七次股票拆分。上一次是在 2024 年 6 月 7 日实施的 10 比 1 拆分，距今已有一年多。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTk4MzcvbnZpZGlhLWhlYWRxdWFydGVycy13aXRoLW52aWRpYS1zaWduLWluLWZyb250LnBuZyZ3PTcwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="700" height="420" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTk4MzcvbnZpZGlhLWhlYWRxdWFydGVycy13aXRoLW52aWRpYS1zaWduLWluLWZyb250LnBuZyZ3PTcwMA"/></p>
<p>图片来源：Nvidia。</p>
<h2>Nvidia 扩大其 AI 领导地位</h2>
<p>Nvidia 领先的图形处理单元（GPU）推动了公司收入的显著增长。最近报告的财年第一季度，数据中心销售超过 390 亿美元，而两年前仅为 43 亿美元。公司也有明确的计划来保持这种增长。</p>
<p>Nvidia 现在正在超越其大型科技客户，以维持甚至加速增长。它已经是美国 Stargate 项目的关键技术合作伙伴，该项目由 OpenAI、软银和 <strong>Oracle</strong> 于 1 月宣布。最近，它与这些科技公司及其他公司合作，在阿拉伯联合酋长国（UAE）开发一个大型 Stargate AI 校园。这个中东国家的 AI 校园最终将占地 10 平方英里，拥有 5 千兆瓦的电力专门用于为其数据中心供电。</p>
<p>这并不是 Nvidia 在扩展国家主权 AI 雄心方面的唯一项目。首席执行官黄仁勋最近访问德国，并宣布将由 <strong>德意志电信</strong> 运营一座新的 AI 工厂。黄仁勋表示：</p>
<blockquote>
<p>在 AI 时代，每个制造商需要两座工厂：一座用于制造产品，另一座用于创造驱动它们的智能。通过建立欧洲首个工业 AI 基础设施，我们使该地区领先的工业公司能够推进以仿真为先、以 AI 驱动的制造。</p>
</blockquote>
<p>就在上周的巴黎科技峰会上，Nvidia 透露，几家超大规模云计算公司也正在与法国、意大利和英国合作，建立依赖于 Nvidia 尖端 GPU 的主权 AI 计算基础设施。</p>
<p>所有这些合作伙伴关系的消息帮助推动了 Nvidia 的股票上涨。所有这些业务和股票的势头使人合理地怀疑 Nvidia 是否可能再次进行股票拆分。</p>
<h2>历史表明股票拆分通常会导致超额收益</h2>
<p>至少在短期内，这可能会导致 Nvidia 股票为投资者提供超越市场的回报。历史数据显示，在宣布股票拆分后的 12 个月内，相关公司的股票通常会表现优于市场。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTk4Mzcvc3RvY2stc3BsaXQtZGF0YS1zdGF0aXN0YS5qcGVnJnc9NzAw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="700" height="700" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTk4Mzcvc3RvY2stc3BsaXQtZGF0YS1zdGF0aXN0YS5qcGVnJnc9NzAw"/></p>
<p>图片来源：Statista。</p>
<p>当人们考虑公司通常为何决定拆分股票时，这就有意义了。财务操作本身并不会改变企业的内在价值，也不会改变任何股东所持股份的价值。但拆分通常是在强势的情况下进行的。毕竟，公司管理层不希望在基础业务遭受困境时将其股票置于聚光灯下。</p>
<p>股票拆分有几个实际原因。较低的股价给散户投资者一种可负担的感觉。尽管随着交易部分股份的能力不断增强，股价实际上不应该重要，但对许多散户投资者来说，这似乎仍然很重要。拆分股票也可以使公司员工受益，使股票在公司提供员工股票投资计划时更易于获取。</p>
<p>Nvidia 尚未表明其计划再次进行股票拆分。然而，随着其业务持续繁荣和对 AI 基础设施的需求扩大，未来可能会有一次拆分。无论是否进行股票拆分，投资者都应考虑长期持有 Nvidia 股票。</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>英伟达的股票从其 52 周低点上涨了超过 40%，接近历史高点，尽管最初对人工智能支出的担忧。该公司正在扩展其人工智能生态系统，并在数据中心销售方面实现了显著的收入增长。凭借强大的市值和增长前景，关于潜在股票拆分的猜测浮出水面，历史上这通常会导致表现优于市场。尽管英伟达尚未宣布拆分，但其蓬勃发展的业务和对人工智能基础设施日益增长的需求表明这可能是一个选项。投资者被鼓励考虑将英伟达作为长期持有的选择</p>

<p>With <strong>Nvidia</strong>(NVDA 0.33%) up by more than 40% from the 52-week low it touched in early April, the stock is now back near its record high. Concerns that a slowdown in spending on artificial intelligence (AI) infrastructure might have been coming now look to have been overblown.</p>
<div class="lb-trans"><p>随着 <strong>Nvidia</strong>(NVDA 0.33%) 从 4 月初触及的 52 周低点上涨超过 40%，该股票现在已接近其历史最高点。对人工智能（AI）基础设施支出放缓的担忧现在看来似乎被夸大了。</p>
</div><p>At the same time, Nvidia is adding platforms and products that customers can integrate into the growing AI ecosystem. Given the company's solid growth prospects and its near-record-high market cap, it might be time for Nvidia to split its stock again.</p>
<div class="lb-trans"><p>与此同时，Nvidia 正在增加客户可以整合到不断增长的 AI 生态系统中的平台和产品。考虑到公司稳健的增长前景和接近历史最高市值的情况，Nvidia 可能是时候再次进行股票拆分了。</p>
</div><p>If that happens, it would be Nvidia's seventh stock split since the chipmaker began trading publicly in 1999. Its last was a 10-for-1 split implemented a little more than a year ago on June 7, 2024.</p>
<div class="lb-trans"><p>如果发生这种情况，这将是 Nvidia 自 1999 年公开交易以来的第七次股票拆分。上一次是在 2024 年 6 月 7 日实施的 10 比 1 拆分，距今已有一年多。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTk4MzcvbnZpZGlhLWhlYWRxdWFydGVycy13aXRoLW52aWRpYS1zaWduLWluLWZyb250LnBuZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F819837%2Fnvidia-headquarters-with-nvidia-sign-in-front.png&amp;op=resize&amp;w=700"/></p>
<p>Image source: Nvidia.</p>
<div class="lb-trans"><p>图片来源：Nvidia。</p>
</div><h2>Nvidia expands its AI leadership</h2>
<div class="lb-trans"><h2>Nvidia 扩大其 AI 领导地位</h2>
</div><p>Nvidia's leading graphics processing units (GPUs) have driven a remarkable jump in revenue for the company. Data center sales exceeded $39 billion in its recently reported fiscal first quarter. That was up from just $4.3 billion only two years ago. The company has a clear plan about how to keep that growth going, too.</p>
<div class="lb-trans"><p>Nvidia 领先的图形处理单元（GPU）推动了公司收入的显著增长。最近报告的财年第一季度，数据中心销售超过 390 亿美元，而两年前仅为 43 亿美元。公司也有明确的计划来保持这种增长。</p>
</div><p>Nvidia is now looking beyond its large tech customers to maintain, or even accelerate, growth. It was already a key technology partner to the U.S.-based Stargate project announced in January by OpenAI, SoftBank, and <strong>Oracle</strong>. More recently, it joined those tech companies and others to develop a massive Stargate AI campus in the United Arab Emirates (UAE). That Middle Eastern country's AI campus will eventually have a footprint of 10 square miles with 5 gigawatts of electricity dedicated to powering its data centers.</p>
<div class="lb-trans"><p>Nvidia 现在正在超越其大型科技客户，以维持甚至加速增长。它已经是美国 Stargate 项目的关键技术合作伙伴，该项目由 OpenAI、软银和 <strong>Oracle</strong> 于 1 月宣布。最近，它与这些科技公司及其他公司合作，在阿拉伯联合酋长国（UAE）开发一个大型 Stargate AI 校园。这个中东国家的 AI 校园最终将占地 10 平方英里，拥有 5 千兆瓦的电力专门用于为其数据中心供电。</p>
</div><p>That isn't the only project where Nvidia is working to expand nations' sovereign AI ambitions. CEO Jensen Huang recently traveled to Germany and announced a new AI factory to be operated by <strong>Deutsche Telekom</strong>. Huang stated:</p>
<div class="lb-trans"><p>这并不是 Nvidia 在扩展国家主权 AI 雄心方面的唯一项目。首席执行官黄仁勋最近访问德国，并宣布将由 <strong>德意志电信</strong> 运营一座新的 AI 工厂。黄仁勋表示：</p>
</div><blockquote>
<p>In the era of AI, every manufacturer needs two factories: one for making things, and one for creating the intelligence that powers them. By building Europe's first industrial AI infrastructure, we're enabling the region's leading industrial companies to advance simulation-first, AI-driven manufacturing.</p>
</blockquote>
<div class="lb-trans"><blockquote>
<p>在 AI 时代，每个制造商需要两座工厂：一座用于制造产品，另一座用于创造驱动它们的智能。通过建立欧洲首个工业 AI 基础设施，我们使该地区领先的工业公司能够推进以仿真为先、以 AI 驱动的制造。</p>
</blockquote>
</div><p>At a Paris tech summit just last week, Nvidia revealed that several hyperscalers are also working with France, Italy, and the United Kingdom to build sovereign AI computing infrastructure that relies on Nvidia's cutting-edge GPUs.</p>
<div class="lb-trans"><p>就在上周的巴黎科技峰会上，Nvidia 透露，几家超大规模云计算公司也正在与法国、意大利和英国合作，建立依赖于 Nvidia 尖端 GPU 的主权 AI 计算基础设施。</p>
</div><p>News of all of those partnerships has helped propel Nvidia's stock upward. All that business and stock momentum makes it reasonable to wonder if Nvidia could be looking at another stock split.</p>
<div class="lb-trans"><p>所有这些合作伙伴关系的消息帮助推动了 Nvidia 的股票上涨。所有这些业务和股票的势头使人合理地怀疑 Nvidia 是否可能再次进行股票拆分。</p>
</div><h2>History shows stock splits often precede outperformance</h2>
<div class="lb-trans"><h2>历史表明股票拆分通常会导致超额收益</h2>
</div><p>At least in the short term, that could well result in Nvidia stock providing investors with market-beating returns. Historical data shows that over the 12 months following the announcement of a stock split, the shares of the company in question typically outperform the market.</p>
<div class="lb-trans"><p>至少在短期内，这可能会导致 Nvidia 股票为投资者提供超越市场的回报。历史数据显示，在宣布股票拆分后的 12 个月内，相关公司的股票通常会表现优于市场。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTk4Mzcvc3RvY2stc3BsaXQtZGF0YS1zdGF0aXN0YS5qcGVnJnc9NzAw" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F819837%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>That makes sense when one thinks about why companies generally decide to split their stocks. The financial maneuver itself doesn't change anything about the inherent value of the business, nor of any shareholder's piece of it. But splits are typically conducted from a position of strength. Company management wouldn't want to shine a spotlight on their stock at a time when the underlying business is suffering, after all.</p>
<div class="lb-trans"><p>当人们考虑公司通常为何决定拆分股票时，这就有意义了。财务操作本身并不会改变企业的内在价值，也不会改变任何股东所持股份的价值。但拆分通常是在强势的情况下进行的。毕竟，公司管理层不希望在基础业务遭受困境时将其股票置于聚光灯下。</p>
</div><p>There are several practical reasons for a stock split. A lower share price gives retail investors a feeling of affordability. With the growing ability to trade fractional shares, share price really shouldn't matter, but it still seems to for many retail investors. Splitting a stock can also benefit company employees by making the shares more accessible should the company offer an employee stock investment plan.</p>
<div class="lb-trans"><p>股票拆分有几个实际原因。较低的股价给散户投资者一种可负担的感觉。尽管随着交易部分股份的能力不断增强，股价实际上不应该重要，但对许多散户投资者来说，这似乎仍然很重要。拆分股票也可以使公司员工受益，使股票在公司提供员工股票投资计划时更易于获取。</p>
</div><p>Nvidia hasn't given any indication that it plans another stock split. Yet there could be one on the horizon as its business continues to thrive and demand for AI infrastructure expands. With or without a stock split, however, investors should consider buying and holding Nvidia stock for the long term.</p>
<div class="lb-trans"><p>Nvidia 尚未表明其计划再次进行股票拆分。然而，随着其业务持续繁荣和对 AI 基础设施的需求扩大，未来可能会有一次拆分。无论是否进行股票拆分，投资者都应考虑长期持有 Nvidia 股票。</p>
</div>

Stock-Split Watch: Is Nvidia Next?

- Nvidia 股票自 4 月触及 52 周低点以来上涨超过 40%。  
- 数据中心销售在最近的财季超过 390 亿美元，显示出强劲增长。  
- Nvidia 可能会考虑再次拆分股票，以应对不断扩大的 AI 基础设施需求。  

股票拆分观察：英伟达会是下一个进行拆分的公司吗？