<p><strong>英伟达</strong>(NVDA -2.87%) 的股票在经历了今年早些时候的暴跌后，重新赢得了市场的青睐。尽管管理层给予了保证，但在中国的 DeepSeek 聊天机器人推出后，投资者对公司的未来感到担忧，并对新关税的影响更加担心。随着英伟达持续报告出色的财报并在许多新关税暂停期间升级其技术，投资者对英伟达股票的热情正在回升。</p><p>截至目前，英伟达股票交易价格刚刚超过 150 美元，并且再次超越了市场。它能在年底前达到 200 美元吗？</p><h2 id="fhihneokc">人工智能是一个巨大的机会</h2><p>英伟达制造驱动生成性人工智能（AI）所需的半导体芯片，或那些 “思考” 和创造的应用程序。这个过程有两个基本阶段：训练和推理。运行数据并生成输出的大型语言模型需要大量的计算能力来进行这些过程，训练时需要处理数百万个不断更新的数据点，并通过大量算法生成准确的内容和图像。英伟达的芯片使这一切成为可能。</p><figure class="image"><img src="https://pub.pbkrs.com/uploads/2025/60e6a5c60c6b61899735e1252a8900d5?x-oss-process=style/lg" alt="" width="700" height="466" original-src="https://pub.pbkrs.com/uploads/2025/60e6a5c60c6b61899735e1252a8900d5"/></figure><p>图片来源：Getty Images。</p><p>由于许多科技公司希望在其运营中使用生成性人工智能，英伟达的芯片需求量很大。尽管有替代品，但根据不同的说法，英伟达在市场上的份额在 70% 到 95% 之间。即使在较低的范围内，这也是对竞争对手的巨大领先。作为行业的黄金标准，英伟达被 <strong>微软</strong> 和 <strong>亚马逊</strong> 等大型公司视为合作伙伴。这是最大的机会所在。亚马逊有自己的预算选项供小型公司使用，但它服务的大型品牌客户需要英伟达强大的芯片。</p><p>预计需求只会增加。根据 Statista 的数据，人工智能的机会预计在未来五年内将以 26.6% 的年复合增长率增长，达到 1 万亿美元。其中很大一部分可能会流向英伟达。</p><p>管理层持续推出能够处理更高数据负载的新产品，使其对客户更具吸引力。其 Blackwell 技术去年推出以取代 Hopper 架构，现已进入 Blackwell Ultra，管理层计划明年推出一系列新的 Rubin 命名芯片。</p><h2 id="mi2satdyq">英伟达势不可挡</h2><p>在短期内，尽管面临严重的挫折，英伟达仍继续报告出色的业绩。美国的监管规定意味着它无法将其最佳芯片运送到中国，阻碍了该市场的进展，英伟达在 2026 财年第一季度（截至 4 月 27 日）因无法履行的订单而受到盈利影响。</p><p>然而，第一季度的业绩非常出色。收入同比增长 69%，每股收益（EPS）从去年的 0.60 美元上升至今年的 0.76 美元，包括一次性费用。</p><p>管理层预计第二季度的增长将放缓，但仍将保持在同比增长 50% 的高位。华尔街预计每股收益为 1 美元，高于去年的 0.68 美元。全年，华尔街预计收入为 2000 亿美元，每股收益为 4.29 美元，高于去年的 1300 亿美元（增长 54%）和 2.99 美元（增长 43%）。</p><h2 id="vauy003c">估值能够承受</h2><p>如果估值保持不变，英伟达的股票将随着其收益的增长而上涨。如果它从年初的水平上涨 54%，将达到 212 美元。如果上涨 43%，将达到 197 美元。如果没有太大变化，英伟达满足华尔街的预期，股票应该在年底前超过 200 美元。</p><p>然而，英伟达往往会超出预期。如果那样的话，股价可能会进一步上涨。高增长股票也可以承载更高的估值。如果英伟达的估值上升，股价也可能进一步上涨。在当前价格下，英伟达的股票市盈率为 50，市销率为 26。这些数字并不便宜，但对于英伟达的增长来说相当合理。</p><p>英伟达在年底前至少达到 200 美元的可能性很大，或者比目前的价格高出 27%。</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>英伟达的股票在早前下跌后反弹，目前交易价格略高于 150 美元。该公司在生成性人工智能市场中处于有利地位，拥有显著的市场份额。尽管面临挑战，英伟达报告了同比 69% 的收入增长，并预计将继续保持强劲增长。分析师预测，英伟达的股价可能在年底前超过 200 美元，主要受强劲的盈利和对其芯片的高需求推动。当前股票的估值表明还有进一步上涨的潜力，使其成为实现这一目标的强有力候选者</p>

<p><strong>Nvidia</strong>(NVDA -2.87%) stock is back in the market's good graces after plunging earlier this year. Despite reassurances from management, investors were worried about the company's future when China's DeepSeek chatbot came out and further concerned about impact of new tariffs. As Nvidia continues to report stellar earnings results and upgrade its technology amid a pause on many of the new tariffs, investors are feeling more love toward Nvidia stock.</p>
<div class="lb-trans"><p><strong>英伟达</strong>(NVDA -2.87%) 的股票在经历了今年早些时候的暴跌后，重新赢得了市场的青睐。尽管管理层给予了保证，但在中国的 DeepSeek 聊天机器人推出后，投资者对公司的未来感到担忧，并对新关税的影响更加担心。随着英伟达持续报告出色的财报并在许多新关税暂停期间升级其技术，投资者对英伟达股票的热情正在回升。</p>
</div><p>As of this writing, Nvidia stock trades just north of $150, and it's back to beating the market. Can it reach $200 before the end of the year?</p>
<div class="lb-trans"><p>截至目前，英伟达股票交易价格刚刚超过 150 美元，并且再次超越了市场。它能在年底前达到 200 美元吗？</p>
</div><h2>AI is a huge opportunity</h2>
<div class="lb-trans"><h2>人工智能是一个巨大的机会</h2>
</div><p>Nvidia makes the semiconductor chips necessary to drive generative artificial intelligence (AI), or the apps that &#34;think&#34; and create. There are two basic stages to that process: training and inference. The large-language models that run the data and produce output need a tremendous amount of power for these processes, training on millions of data points that are constantly updated and running through tons of algorithms to create accurate content and images. Nvidia's chips make that happen.</p>
<div class="lb-trans"><p>英伟达制造驱动生成性人工智能（AI）所需的半导体芯片，或那些 “思考” 和创造的应用程序。这个过程有两个基本阶段：训练和推理。运行数据并生成输出的大型语言模型需要大量的计算能力来进行这些过程，训练时需要处理数百万个不断更新的数据点，并通过大量算法生成准确的内容和图像。英伟达的芯片使这一切成为可能。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjMzMDkvYS1wZXJzb24taG9sZGluZy1hLXdhZC1vZi1jYXNoLmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F823309%2Fa-person-holding-a-wad-of-cash.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><p>Since so many tech companies want to use generative AI in their operations today, Nvidia's chips are in great demand. Although there are alternatives, Nvidia has between 70% and 95% of the market, depending on who you ask. Even at the lower end, that's a huge lead over the competition. As the gold standard, Nvidia is relied upon by the biggest companies like <strong>Microsoft</strong> and <strong>Amazon</strong> as a partner. This is where the greatest opportunity is. Amazon, for one, has its own line of budget options for smaller companies, but the large, brand-name clients it services need Nvidia's powerful chips.</p>
<div class="lb-trans"><p>由于许多科技公司希望在其运营中使用生成性人工智能，英伟达的芯片需求量很大。尽管有替代品，但根据不同的说法，英伟达在市场上的份额在 70% 到 95% 之间。即使在较低的范围内，这也是对竞争对手的巨大领先。作为行业的黄金标准，英伟达被 <strong>微软</strong> 和 <strong>亚马逊</strong> 等大型公司视为合作伙伴。这是最大的机会所在。亚马逊有自己的预算选项供小型公司使用，但它服务的大型品牌客户需要英伟达强大的芯片。</p>
</div><p>The demand is only expected to increase. According to Statista, the AI opportunity is expected to increase at a compound annual growth rate of 26.6% over the next five years, reaching $1 trillion. A huge portion of that is likely to go to Nvidia.</p>
<div class="lb-trans"><p>预计需求只会增加。根据 Statista 的数据，人工智能的机会预计在未来五年内将以 26.6% 的年复合增长率增长，达到 1 万亿美元。其中很大一部分可能会流向英伟达。</p>
</div><p>Management continues to launch new products that can handle higher data loads, making them more attractive to clients. Its Blackwell technology, which launched last year to replace the Hopper architecture, is already moving into Blackwell Ultra, and management is planning to release a new range of chips next year under the Rubin name.</p>
<div class="lb-trans"><p>管理层持续推出能够处理更高数据负载的新产品，使其对客户更具吸引力。其 Blackwell 技术去年推出以取代 Hopper 架构，现已进入 Blackwell Ultra，管理层计划明年推出一系列新的 Rubin 命名芯片。</p>
</div><h2>Nvidia is unstoppable</h2>
<div class="lb-trans"><h2>英伟达势不可挡</h2>
</div><p>In the near term, Nvidia continues to report phenomenal results despite serious setbacks. U.S. regulations mean it can't ship its best chips to China, stymying progress in that market, and Nvidia took a hit to its earnings in the fiscal 2026 first quarter (ended April 27) related to a charge for orders it couldn't fulfill.</p>
<div class="lb-trans"><p>在短期内，尽管面临严重的挫折，英伟达仍继续报告出色的业绩。美国的监管规定意味着它无法将其最佳芯片运送到中国，阻碍了该市场的进展，英伟达在 2026 财年第一季度（截至 4 月 27 日）因无法履行的订单而受到盈利影响。</p>
</div><p>Yet the first-quarter results were outstanding. Revenue increased 69% year over year, and earnings per share (EPS) were up from $0.60 last year to $0.76 this year, inclusive of the one-time charge.</p>
<div class="lb-trans"><p>然而，第一季度的业绩非常出色。收入同比增长 69%，每股收益（EPS）从去年的 0.60 美元上升至今年的 0.76 美元，包括一次性费用。</p>
</div><p>Management is guiding for growth to decelerate in the second quarter but remain high at a 50% increase year over year. Wall Street is looking for EPS of $1, up from $0.68 last year. For the full year, Wall Street is expecting $200 billion in revenue and $4.29 in EPS, up from $130 billion (a 54% increase) and $2.99 (a 43% increase) over last year.</p>
<div class="lb-trans"><p>管理层预计第二季度的增长将放缓，但仍将保持在同比增长 50% 的高位。华尔街预计每股收益为 1 美元，高于去年的 0.68 美元。全年，华尔街预计收入为 2000 亿美元，每股收益为 4.29 美元，高于去年的 1300 亿美元（增长 54%）和 2.99 美元（增长 43%）。</p>
</div><h2>The valuation can handle it</h2>
<div class="lb-trans"><h2>估值能够承受</h2>
</div><p>If the valuation remains constant, Nvidia stock will rise along with its earnings. If it rises 54% from where it started out this year, it will reach $212. If it rises 43%, it will reach $197. If nothing much changes and Nvidia meets Wall Street's expectations, the stock should surpass $200 by the end of the year.</p>
<div class="lb-trans"><p>如果估值保持不变，英伟达的股票将随着其收益的增长而上涨。如果它从年初的水平上涨 54%，将达到 212 美元。如果上涨 43%，将达到 197 美元。如果没有太大变化，英伟达满足华尔街的预期，股票应该在年底前超过 200 美元。</p>
</div><p>However, Nvidia tends to beat expectations. If that happens, it could rise further. High-growth stocks can also carry higher valuations. If Nvidia's valuation rises, the price could also rise further. At the current price, Nvidia stock trades at a price-to-earnings ratio of 50 and a price-to-sales ratio of 26. Those aren't cheap numbers, but they're pretty reasonable for Nvidia's growth.</p>
<div class="lb-trans"><p>然而，英伟达往往会超出预期。如果那样的话，股价可能会进一步上涨。高增长股票也可以承载更高的估值。如果英伟达的估值上升，股价也可能进一步上涨。在当前价格下，英伟达的股票市盈率为 50，市销率为 26。这些数字并不便宜，但对于英伟达的增长来说相当合理。</p>
</div><p>The likelihood is that Nvidia hits at least $200 before the end of the year, or shoots 27% higher than the price at the time of this writing.</p>
<div class="lb-trans"><p>英伟达在年底前至少达到 200 美元的可能性很大，或者比目前的价格高出 27%。</p>
</div>

Can Nvidia Stock Reach $200 This Year?

- Nvidia 股票在经历早期下跌后重新受到市场青睐。  
- 公司报告出色的财务业绩，预计 AI 市场将以 26.6% 的年复合增长率增长。  
- Wall Street 预计 Nvidia 年收入将达 2000 亿美元，股价有望突破 200 美元。

英伟达的股票今年能否达到 200 美元？