<p>上周四，8 月 14 日，标志着第三季度对投资者来说最重要的日子之一。尽管财报和经济数据的发布几乎是每天都在发生，但向证券交易委员会（SEC）提交的 13F 表格的季度申报对投资者来说是非常宝贵的。</p>
<p>在季度结束后的 45 个日历日内（对于 6 月结束的季度来说是 8 月 14 日），管理资产至少为 1 亿美元的机构投资者必须向 SEC 提交 13F 表格。这份申报使投资者能够追踪华尔街领先基金经理在最新季度购买和出售了哪些股票。换句话说，这是一种轻松的方式，可以找出哪些股票和趋势引起了市场上最聪明的投资者的兴趣。</p>
<p>尽管沃伦·巴菲特是华尔街上最受关注的资产管理者，但他并不是唯一一个以发现隐藏在明面上的惊人交易而闻名的亿万富翁。Appaloosa 的亿万富翁老板大卫·泰珀也是另一位备受关注的基金经理。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Mjk2NjkvbW9uZXktbWFuYWdlci1zdG9jay1jaGFydC1yZWZsZWN0aW9uLWdsYXNzZXMtbGFwdG9wLWJ1eS1zZWxsLWdldHR5LmpwZyZ3PTcwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="700" height="466" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Mjk2NjkvbW9uZXktbWFuYWdlci1zdG9jay1jaGFydC1yZWZsZWN0aW9uLWdsYXNzZXMtbGFwdG9wLWJ1eS1zZWxsLWdldHR5LmpwZyZ3PTcwMA"/></p>
<p>图片来源：Getty Images。</p>
<p>泰珀之所以值得关注，是因为他在人工智能（AI）领域的投资活动。华尔街主要指数在第二季度经历了高度动荡，使得泰珀在其基金投资组合中的两家知名公司上逆转了方向。他在面对 AI 革命时几乎将其在 <strong>Nvidia</strong>（NVDA 0.94%）的持仓增加了 6 倍，并在仅仅一个季度后完全退出了其基金在一只热门万亿级 AI 股票的持仓。</p>
<h2>亿万富翁大卫·泰珀在短短三个月内将其 Nvidia 持仓增加了 483%</h2>
<p>在第二季度之前，Appaloosa 的亿万富翁首席执行官一直是 Nvidia 股票的持续卖家。考虑到 Nvidia 在 2024 年 6 月的历史性 10 比 1 的前分拆，Appaloosa 将其在 Nvidia 的持仓从 2023 年 6 月底的 1020 万股减少到 2024 年 3 月 31 日的仅 30 万股。</p>
<p>但泰珀在 6 月结束的季度中大幅逆转了方向。唐纳德·特朗普总统在 4 月初因关税引发的华尔街下跌吸引了对高增长科技股的购买，抓住机会的投资者获得了丰厚的回报。泰珀的基金在第二季度增加了 145 万股，使其持仓增加了 483%！</p>
<p>毫无疑问，Nvidia 带来了明确的竞争优势和催化剂，这可能吸引了泰珀重新投资。</p>
<p>首先，Nvidia 的 Hopper（H100）和 Blackwell 图形处理单元（GPU）占据了企业 AI 加速数据中心中部署的 GPU 的绝大部分。在计算能力方面，没有其他 GPU 能够特别接近或超越 Nvidia 的硬件。此外，首席执行官黄仁勋正在积极投资创新，目标是每年推出一款新的先进 AI 芯片。</p>
<p>CUDA 软件平台是推动 Nvidia 双位数增长的另一个催化剂。CUDA 是开发者用来充分利用其 AI-GPU 的工具包，也是构建和训练大型语言模型的工具。它实际上是吸引公司客户忠于其产品和服务生态系统的诱饵。</p>
<p>此外，Nvidia 还受益于贸易云的消散。尽管美国和中国尚未达成贸易协议，但特朗普政府已取消对 Nvidia 的 H20 AI 芯片向全球第二大经济体的出口限制。尽管 Nvidia 向美国政府支付 15% 的销售额作为某种出口税，但这比之前严格的出口限制有所改善。</p>
<p>但即使是全球最大的上市公司也面临潜在的逆风。</p>
<p>例如，AI-GPU 的竞争正在迅速加剧。虽然大多数人关注外部竞争对手的 AI 芯片生产 ramp-up，但 Nvidia 的许多顶级客户按净销售额正在内部开发 AI-GPU 以用于其数据中心。尽管这些硬件在计算能力上无法与 Nvidia 匹敌，但它们将便宜得多且更容易获得（即没有积压）。这对 Nvidia 的定价能力和利润率构成了潜在问题。</p>
<p>Nvidia 的另一个显著问题是，过去三十多年来，每一次改变游戏规则的技术进步在其扩张阶段的某个时刻都经历过泡沫破裂事件。没有迹象表明人工智能会成为这一不成文规则的例外，因此如果 AI 泡沫破裂，Nvidia 的股票可能会受到重创。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Mjk2NjkvZGF0YS1jZW50ZXItZW5naW5lZXItZ3B1LWFydGlmaWNpYWwtaW50ZWxsaWdlbmNlLWFpLWNsb3VkLXNlcnZlci1nZXR0eS5qcGcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="700" height="466" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Mjk2NjkvZGF0YS1jZW50ZXItZW5naW5lZXItZ3B1LWFydGlmaWNpYWwtaW50ZWxsaWdlbmNlLWFpLWNsb3VkLXNlcnZlci1nZXR0eS5qcGcmdz03MDA"/></p>
<p>图片来源：Getty Images。</p>
<h2>Appaloosa 的亿万富翁老板将这只万亿级网络股票踢出了门</h2>
<p>在另一端，泰珀在 6 月结束的季度中将五只股票（不包括期权）送出了门。也许没有哪只股票的完全退出比 <strong>Broadcom</strong>（AVGO -0.13%）更让人瞩目。</p>
<p>尽管泰珀和他的团队经营着一个相对活跃的基金——他们定期增加或减少现有持仓——但 Broadcom 却发现自己处于一个旋转的门中。泰珀在 3 月结束的季度中监督购买了 13 万股，而在第二季度中全部卖出了这 13 万股。</p>
<p>将这只万亿美元网络股票踢到一边的最合理解释之一就是简单的获利了结。如果特普尔在第一季度末增持了阿帕卢萨对博通的股份，他可能以约 180 美元或更低的价格获得了这些股票。到 6 月底，这些股票的交易价格几乎达到了 276 美元。在华尔街最具影响力的企业之一中，三个月内约 50% 的潜在收益并不常见。</p>
<p>特普尔可能对博通的估值相较于英伟达并不太满意。尽管博通的前瞻市盈率（P/E）为 37，考虑到其预计年增长率约为 20%，并不算过高，但英伟达的前瞻市盈率为 31，考虑到其与人工智能的直接关联及其预计更快的增长率，可能更具吸引力。</p>
<p>阿帕卢萨的亿万富翁投资者可能因为第二季度的关税相关担忧而改变了对博通的看法。对进口到美国的含有博通芯片的成品征收的关税，可能会降低对博通产品的需求和/或施加其定价能力的压力。</p>
<p>尽管博通不再是曾经的绝对便宜货，但它仍然拥有能够让特普尔后悔出售的催化剂。</p>
<p>在人工智能领域，博通提供了连接数万 GPU 到 AI 数据中心的首选解决方案，以最大化其计算潜力并减少尾延迟。当软件和系统被赋予做出瞬间决策的工具时，减少延迟至关重要。</p>
<p>但博通之所以特别，是因为它不仅仅是一只人工智能股票。尽管英伟达的绝大多数收入来自 AI-GPU，博通却从用于下一代智能手机的芯片和配件，以及物联网设备和汽车的解决方案中获得了相当一部分净销售额。虽然这些领域的增长速度远不及先进的 AI 芯片/网络解决方案，但如果人工智能泡沫破裂，它们将提供一定程度的下行保护。</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>亿万富翁大卫·泰珀在第二季度将 Appaloosa 对英伟达的持股增加了 483%， reversing his previous selling trend。这一举动发生在动荡的市场中，突显了英伟达在人工智能技术方面的竞争优势。相反，泰珀完全退出了一只万亿美元的人工智能股票，标志着他投资策略的显著转变。季度 Form 13F 文件揭示了这些变化，使投资者能够跟踪像泰珀这样的主要基金经理的活动</p>

<p>Last Thursday, Aug. 14, marked one of the most important days of the third quarter for investors. Though earnings reports and economic data releases are a near-everyday occurrence, the quarterly filing of Form 13Fs with the Securities and Exchange Commission (SEC) can be invaluable to investors.</p>
<div class="lb-trans"><p>上周四，8 月 14 日，标志着第三季度对投资者来说最重要的日子之一。尽管财报和经济数据的发布几乎是每天都在发生，但向证券交易委员会（SEC）提交的 13F 表格的季度申报对投资者来说是非常宝贵的。</p>
</div><p>No later than 45 calendar days following the end to a quarter (Aug. 14 for the June-ended quarter), institutional investors with at least $100 million in assets under management are required to file a 13F with the SEC. This filing allows investors to track which stocks Wall Street's leading fund managers purchased and sold in the latest quarter. In other words, it's an easy way to pick out which stocks and trends are piquing the interest of the market's smartest investors.</p>
<div class="lb-trans"><p>在季度结束后的 45 个日历日内（对于 6 月结束的季度来说是 8 月 14 日），管理资产至少为 1 亿美元的机构投资者必须向 SEC 提交 13F 表格。这份申报使投资者能够追踪华尔街领先基金经理在最新季度购买和出售了哪些股票。换句话说，这是一种轻松的方式，可以找出哪些股票和趋势引起了市场上最聪明的投资者的兴趣。</p>
</div><p>Though Warren Buffett is the most followed of all asset managers on Wall Street, he's far from the only billionaire known for finding amazing deals hiding in plain sight. Appaloosa's billionaire boss David Tepper is another closely tracked fund manager.</p>
<div class="lb-trans"><p>尽管沃伦·巴菲特是华尔街上最受关注的资产管理者，但他并不是唯一一个以发现隐藏在明面上的惊人交易而闻名的亿万富翁。Appaloosa 的亿万富翁老板大卫·泰珀也是另一位备受关注的基金经理。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Mjk2NjkvbW9uZXktbWFuYWdlci1zdG9jay1jaGFydC1yZWZsZWN0aW9uLWdsYXNzZXMtbGFwdG9wLWJ1eS1zZWxsLWdldHR5LmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F829669%2Fmoney-manager-stock-chart-reflection-glasses-laptop-buy-sell-getty.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>What's made Tepper worth following is his investment activity in the artificial intelligence (AI) space. A highly turbulent second quarter for Wall Street's major indexes allowed Tepper to reverse course on two prominent companies in his fund's portfolio. He nearly 6X'd his position in the face of the AI revolution, <strong>Nvidia</strong>(NVDA 0.94%), and completely exited his fund's stake in one of the hottest trillion-dollar AI stocks after only one quarter.</p>
<div class="lb-trans"><p>泰珀之所以值得关注，是因为他在人工智能（AI）领域的投资活动。华尔街主要指数在第二季度经历了高度动荡，使得泰珀在其基金投资组合中的两家知名公司上逆转了方向。他在面对 AI 革命时几乎将其在 <strong>Nvidia</strong>（NVDA 0.94%）的持仓增加了 6 倍，并在仅仅一个季度后完全退出了其基金在一只热门万亿级 AI 股票的持仓。</p>
</div><h2>Billionaire David Tepper upped his Nvidia stake by 483% in just three months</h2>
<div class="lb-trans"><h2>亿万富翁大卫·泰珀在短短三个月内将其 Nvidia 持仓增加了 483%</h2>
</div><p>Before the second quarter, Appaloosa's billionaire chief had been a persistent seller of Nvidia stock. Taking into account Nvidia's historic 10-for-1 forward split in June 2024, Appaloosa had pared down its position in Nvidia from 10.2 million shares at the end of June 2023 to just 300,000 shares by March 31.</p>
<div class="lb-trans"><p>在第二季度之前，Appaloosa 的亿万富翁首席执行官一直是 Nvidia 股票的持续卖家。考虑到 Nvidia 在 2024 年 6 月的历史性 10 比 1 的前分拆，Appaloosa 将其在 Nvidia 的持仓从 2023 年 6 月底的 1020 万股减少到 2024 年 3 月 31 日的仅 30 万股。</p>
</div><p>But Tepper reversed course in a big way during the June-ended quarter. President Donald Trump's tariff-induced swoon on Wall Street in early April enticed the buying of high-growth tech stocks, and investors who took the opportunity to do so have been handsomely rewarded. Tepper's fund added 1,450,000 shares during the second quarter, which increased its position by 483%!</p>
<div class="lb-trans"><p>但泰珀在 6 月结束的季度中大幅逆转了方向。唐纳德·特朗普总统在 4 月初因关税引发的华尔街下跌吸引了对高增长科技股的购买，抓住机会的投资者获得了丰厚的回报。泰珀的基金在第二季度增加了 145 万股，使其持仓增加了 483%！</p>
</div><p>There's no question Nvidia brings well-defined competitive advantages and catalysts to the table, which is what probably enticed Tepper to pile back in.</p>
<div class="lb-trans"><p>毫无疑问，Nvidia 带来了明确的竞争优势和催化剂，这可能吸引了泰珀重新投资。</p>
</div><p>For starters, Nvidia's Hopper (H100) and Blackwell graphics processing units (GPUs) account for the lion's share of GPUs deployed in enterprise AI-accelerated data centers. In terms of compute abilities, no other GPUs are particularly close to matching or surpassing Nvidia's hardware. To boot, CEO Jensen Huang is investing aggressively in innovation, with the goal of bringing a new advanced AI chip to market on an annual basis.</p>
<div class="lb-trans"><p>首先，Nvidia 的 Hopper（H100）和 Blackwell 图形处理单元（GPU）占据了企业 AI 加速数据中心中部署的 GPU 的绝大部分。在计算能力方面，没有其他 GPU 能够特别接近或超越 Nvidia 的硬件。此外，首席执行官黄仁勋正在积极投资创新，目标是每年推出一款新的先进 AI 芯片。</p>
</div><p>The CUDA software platform is another catalyst that's propelling Nvidia's double-digit growth. CUDA is the toolkit developers use to get the most out of their AI-GPUs, as well as to build and train large language models. It's effectively the lure that's keeping the company's clients loyal to its ecosystem of products and services.</p>
<div class="lb-trans"><p>CUDA 软件平台是推动 Nvidia 双位数增长的另一个催化剂。CUDA 是开发者用来充分利用其 AI-GPU 的工具包，也是构建和训练大型语言模型的工具。它实际上是吸引公司客户忠于其产品和服务生态系统的诱饵。</p>
</div><p>Furthermore, Nvidia is benefiting from the clearing trade clouds. Even though the U.S. and China have yet to agree to a trade deal, the Trump administration has removed restrictions on shipments of Nvidia's H20 AI chip to the world's No. 2 economy by gross domestic product. Even though Nvidia pays the U.S. government 15% of its sales to China as something of an export tax, it's an improvement over the rigid export restrictions that had been in place.</p>
<div class="lb-trans"><p>此外，Nvidia 还受益于贸易云的消散。尽管美国和中国尚未达成贸易协议，但特朗普政府已取消对 Nvidia 的 H20 AI 芯片向全球第二大经济体的出口限制。尽管 Nvidia 向美国政府支付 15% 的销售额作为某种出口税，但这比之前严格的出口限制有所改善。</p>
</div><p>But even the world's largest public company faces potential headwinds.</p>
<div class="lb-trans"><p>但即使是全球最大的上市公司也面临潜在的逆风。</p>
</div><p>For instance, AI-GPU competition is rapidly intensifying from within. While most people are focused on the ramp-up in AI chip production from external competitors, many of Nvidia's top customers by net sales are internally developing AI-GPUs to use in their data centers. Though this hardware can't match Nvidia's on a compute basis, it'll be considerably cheaper and more readily available (i.e., not backlogged). This presents as a potential problem for Nvidia's pricing power and margins.</p>
<div class="lb-trans"><p>例如，AI-GPU 的竞争正在迅速加剧。虽然大多数人关注外部竞争对手的 AI 芯片生产 ramp-up，但 Nvidia 的许多顶级客户按净销售额正在内部开发 AI-GPU 以用于其数据中心。尽管这些硬件在计算能力上无法与 Nvidia 匹敌，但它们将便宜得多且更容易获得（即没有积压）。这对 Nvidia 的定价能力和利润率构成了潜在问题。</p>
</div><p>The other notable issue with Nvidia is that every game-changing technological advancement for more than three decades has endured a bubble-bursting event at some point early in its expansion phase. With no indication that artificial intelligence will be an exception to this unwritten rule, Nvidia stock would, presumably, be hit hard if the AI bubble bursts.</p>
<div class="lb-trans"><p>Nvidia 的另一个显著问题是，过去三十多年来，每一次改变游戏规则的技术进步在其扩张阶段的某个时刻都经历过泡沫破裂事件。没有迹象表明人工智能会成为这一不成文规则的例外，因此如果 AI 泡沫破裂，Nvidia 的股票可能会受到重创。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Mjk2NjkvZGF0YS1jZW50ZXItZW5naW5lZXItZ3B1LWFydGlmaWNpYWwtaW50ZWxsaWdlbmNlLWFpLWNsb3VkLXNlcnZlci1nZXR0eS5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F829669%2Fdata-center-engineer-gpu-artificial-intelligence-ai-cloud-server-getty.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>Appaloosa's billionaire boss kicked this trillion-dollar networking stock to the curb</h2>
<div class="lb-trans"><h2>Appaloosa 的亿万富翁老板将这只万亿级网络股票踢出了门</h2>
</div><p>On the other end of the spectrum, Tepper showed five stocks (excluding options) to the door during the June-ended quarter. Perhaps no complete exit from Appaloosa's fund was more of an eye-opener than that of <strong>Broadcom</strong>(AVGO -0.13%).</p>
<div class="lb-trans"><p>在另一端，泰珀在 6 月结束的季度中将五只股票（不包括期权）送出了门。也许没有哪只股票的完全退出比 <strong>Broadcom</strong>（AVGO -0.13%）更让人瞩目。</p>
</div><p>Though Tepper and his team run a fairly active fund -- they're regularly adding to or paring down existing positions -- Broadcom found itself in a revolving door. Tepper oversaw the purchase of 130,000 shares during the March-ended quarter, and all 130,000 shares were sold during the second quarter.</p>
<div class="lb-trans"><p>尽管泰珀和他的团队经营着一个相对活跃的基金——他们定期增加或减少现有持仓——但 Broadcom 却发现自己处于一个旋转的门中。泰珀在 3 月结束的季度中监督购买了 13 万股，而在第二季度中全部卖出了这 13 万股。</p>
</div><p>One of the most logical explanations for kicking this trillion-dollar networking stock to the curb is simple profit-taking. If Tepper opened Appaloosa's stake in Broadcom toward the end of the first quarter, he would have netted shares for around or below $180. By the end of June, these same shares were changing hands at nearly $276. A potential gain of approximately 50% in three months from one of Wall Street's most influential businesses isn't a common occurrence.</p>
<div class="lb-trans"><p>将这只万亿美元网络股票踢到一边的最合理解释之一就是简单的获利了结。如果特普尔在第一季度末增持了阿帕卢萨对博通的股份，他可能以约 180 美元或更低的价格获得了这些股票。到 6 月底，这些股票的交易价格几乎达到了 276 美元。在华尔街最具影响力的企业之一中，三个月内约 50% 的潜在收益并不常见。</p>
</div><p>Tepper may have also been less than enthused with Broadcom's valuation, relative to Nvidia. Even though Broadcom's forward price-to-earnings (P/E) ratio of 37 isn't egregiously high considering its projected annual growth rate of around 20%, Nvidia's forward P/E of 31 may be more palatable given its more direct AI ties and its presumed-to-be faster growth rate.</p>
<div class="lb-trans"><p>特普尔可能对博通的估值相较于英伟达并不太满意。尽管博通的前瞻市盈率（P/E）为 37，考虑到其预计年增长率约为 20%，并不算过高，但英伟达的前瞻市盈率为 31，考虑到其与人工智能的直接关联及其预计更快的增长率，可能更具吸引力。</p>
</div><p>It's possible Appaloosa's billionaire investor changed his tune on Broadcom because of tariff-related concerns during the second quarter. Tariffs applied to finished products imported into the U.S. that contain Broadcom chips run the risk of reducing demand for Broadcom's products and/or pressuring its pricing power.</p>
<div class="lb-trans"><p>阿帕卢萨的亿万富翁投资者可能因为第二季度的关税相关担忧而改变了对博通的看法。对进口到美国的含有博通芯片的成品征收的关税，可能会降低对博通产品的需求和/或施加其定价能力的压力。</p>
</div><p>Although Broadcom is no longer the screaming bargain it once was, it still possesses catalysts that are capable of making Tepper regret his decision to sell.</p>
<div class="lb-trans"><p>尽管博通不再是曾经的绝对便宜货，但它仍然拥有能够让特普尔后悔出售的催化剂。</p>
</div><p>Within the AI realm, Broadcom offers the preferred solutions for connecting tens of thousands of GPUs in AI data centers to maximize their compute potential and reduce tail latency. Reducing lag is incredibly important when software and systems are being empowered with the tools to make split-second decisions.</p>
<div class="lb-trans"><p>在人工智能领域，博通提供了连接数万 GPU 到 AI 数据中心的首选解决方案，以最大化其计算潜力并减少尾延迟。当软件和系统被赋予做出瞬间决策的工具时，减少延迟至关重要。</p>
</div><p>But what makes Broadcom special is that it's much more than just an AI stock. Whereas an overwhelming majority of Nvidia's revenue derives from AI-GPUs, Broadcom generates a substantial portion of its net sales from chips and accessories used in next-generation smartphones, as well as solutions for Internet of Things devices and automobiles. While these segments aren't growing anywhere close to as fast as advanced AI chips/networking solutions, they'd provide some degree of downside protection if the AI bubble were to burst.</p>
<div class="lb-trans"><p>但博通之所以特别，是因为它不仅仅是一只人工智能股票。尽管英伟达的绝大多数收入来自 AI-GPU，博通却从用于下一代智能手机的芯片和配件，以及物联网设备和汽车的解决方案中获得了相当一部分净销售额。虽然这些领域的增长速度远不及先进的 AI 芯片/网络解决方案，但如果人工智能泡沫破裂，它们将提供一定程度的下行保护。</p>
</div>

Billionaire David Tepper Nearly 6X'd Appaloosa's Stake in Nvidia and Completely Dumped This Trillion-Dollar Artificial Intelligence (AI) Stock

- 8 月 14 日是投资者第三季度的重要日子，机构投资者需提交 13F 表格。  
- 大卫·特普尔在 AI 领域的投资活动引人关注，Nvidia 持股增加 483%。  
- 特普尔出售博通股票，可能因利润回吐及关税担忧。  

亿万富翁大卫·泰珀几乎将阿帕卢萨在 NVIDIA 的持股增加了 6 倍，并完全抛售了这只市值万亿美元的人工智能股票