<p>过去几年人工智能（AI）的演变给投资者带来了相当大的困惑。一些人担心轻松赚钱的机会已经过去，而另一些人则相信 AI 的应用将持续多年。毫无疑问，我坚定地站在第二种观点。开发者们继续探索这项突破性技术的潜在应用，研究仍在进行中。</p>
<p>如果有一家公司代表了 AI 几乎无限潜力与围绕其存在的担忧之间的拉锯战，那就是 <strong>Nvidia</strong>（NVDA 1.65%）。该公司开创了图形处理单元（GPU），这些 GPU 已成为驱动生成式 AI 应用的黄金标准。</p>
<p>因此，Nvidia 的季度业绩备受关注，尤其是该股距离历史新高仅一步之遥。一些投资者在考虑是否应该在 8 月 27 日其备受期待的财报发布之前，投入辛苦赚来的钱购买该股票，还是等到结果出来后再说。</p>
<p>虽然过去的表现并不能保证未来的结果，但回顾 Nvidia 的历史提供了一个引人注目的答案。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzA2NTAvcGVyc29uLWxvb2tpbmctYXQtZ3JhcGhzLWFuZC1jaGFydHMtaGFwcHktYmVjYXVzZS10aGUtc3RvY2stbWFya2V0LXdlbnQtdXAuanBnJnc9NzAw?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-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzA2NTAvcGVyc29uLWxvb2tpbmctYXQtZ3JhcGhzLWFuZC1jaGFydHMtaGFwcHktYmVjYXVzZS10aGUtc3RvY2stbWFya2V0LXdlbnQtdXAuanBnJnc9NzAw"/></p>
<p>图片来源：Getty Images。</p>
<h2>背景介绍</h2>
<p>自从 Nvidia 发布其最近的季度业绩以来，过去几个月一直很忙碌。</p>
<p>在首席执行官黄仁勋的多次游说下，特朗普政府已解除对 Nvidia H20 芯片的禁令，该公司同意向中国支付 15% 的芯片销售额。在提出担忧后，Nvidia 向中国政府保证其芯片没有后门、没有关闭开关，也没有间谍软件。黄仁勋还确认了最近的报道，即 Nvidia 正在为其中国客户开发基于 Blackwell 架构的新 AI 数据中心处理器。</p>
<p>尽管增长放缓，Nvidia 在最近的财报中设定了高标准。在其 2026 财年第一季度（截至 4 月 27 日），Nvidia 实现了创纪录的收入 441 亿美元，同比增长 69%，环比增长 12%。剔除与 H20 芯片禁令相关的一次性费用后，调整后的每股收益（EPS）跃升 62% 至 0.96 美元。</p>
<p>公司的数据中心部门，包括用于 AI、云计算和数据中心的芯片，是此次业绩的明星。该部门的收入激增 73% 至 390 亿美元，AI 芯片持续热销。</p>
<p>Nvidia 计划在周三市场收盘后发布其第二季度业绩，投资者将密切关注 AI 需求是否减弱的迹象。三个月前，管理层的预测表明这些强劲的长期趋势将继续。对于第二季度，Nvidia 预计收入为 450 亿美元，增长约 50%。</p>
<h2>你应该在 8 月 27 日之前购买吗？</h2>
<p>下图展示了 Nvidia 过去三年的股价走势。紫色圆圈标记的字母 E 表示公司发布财报的时间。在这三次中，除去三次，75% 的时间里，股价在 Nvidia 的财报发布后上涨，投资者纷纷涌入该股票。</p>
<p>推动这些上涨的主要因素是超出预期的业绩和管理层上调的预测。管理层的强劲业绩记录表明，Nvidia 有很好的机会继续保持 “超预期和上调” 的历史。</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/711d7659bd5f73b59e05f7faea03f4b2.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="720" height="470" original-src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/711d7659bd5f73b59e05f7faea03f4b2.png"/></p>
<p>数据来源：YCharts。</p>
<p>给这一点一些背景是很重要的。投资者情绪并不可靠，但往往会推动股价的涨跌。没有办法确切知道投资者在某一天会如何解读结果，因此我通常不建议基于日期进行股票购买。</p>
<p>尽管如此，历史表明，Nvidia 在财报发布后的几天和几周内往往会上涨。</p>
<h2>华尔街对 Nvidia 持乐观态度</h2>
<p>华尔街很少在任何事情上达成一致，因此值得一提的是，大多数覆盖 Nvidia 的分析师认为该股还有进一步上涨的空间。在 8 月份提供意见的 65 位分析师中，令人惊讶的是 89% 对该股给予买入或强烈买入评级，只有一位建议卖出。</p>
<p>Loop Capital 的分析师 John Donovan 最近成为 Nvidia 最大的支持者，维持买入评级，并设定了 250 美元的华尔街最高目标价。这比该股周四的收盘价有 43% 的潜在上涨空间。该分析师通过与云服务提供商和其他大规模芯片买家的渠道检查，认为华尔街仍然低估了对 AI 中心处理器的需求。</p>
<p>最后一点值得注意的是，Nvidia 股票目前的市盈率为 30 倍，基于明年的收益。虽然这确实是一个溢价，但该公司的业绩记录和 AI 的长期趋势表明，该股仍有上涨空间——尽管在此过程中不可避免地会经历一些波动。</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>随着英伟达在 8 月 27 日即将发布季度财报，其股票正受到关注。作为人工智能技术的领导者，该公司在上个季度实现了创纪录的 441 亿美元收入，增长显著。分析师们持乐观态度，89% 的人推荐买入，潜在目标价为 250 美元，意味着有 43% 的上涨空间。历史上，英伟达的股票在财报发布后通常会上涨，主要受到强劲业绩和上调预期的推动。尽管估值较高，但对人工智能芯片的持续需求表明该股票仍有进一步增长的潜力</p>

<p>The evolution of artificial intelligence (AI) over the past few years has created quite a conundrum for investors. Some fear the easy money has already been made, while others believe the adoption of AI will continue for years to come. Lest there be any doubt, I'm firmly in the second camp. Developers continue to come to terms with the potential applications of this groundbreaking technology, and the research is ongoing.</p>
<div class="lb-trans"><p>过去几年人工智能（AI）的演变给投资者带来了相当大的困惑。一些人担心轻松赚钱的机会已经过去，而另一些人则相信 AI 的应用将持续多年。毫无疑问，我坚定地站在第二种观点。开发者们继续探索这项突破性技术的潜在应用，研究仍在进行中。</p>
</div><p>If one company represents the tug-of-war between the near limitless potential and the wall of worry surrounding AI, it would be <strong>Nvidia</strong>(NVDA 1.65%). The company pioneered the graphics processing units (GPUs) that have become the gold standard for powering generative AI applications.</p>
<div class="lb-trans"><p>如果有一家公司代表了 AI 几乎无限潜力与围绕其存在的担忧之间的拉锯战，那就是 <strong>Nvidia</strong>（NVDA 1.65%）。该公司开创了图形处理单元（GPU），这些 GPU 已成为驱动生成式 AI 应用的黄金标准。</p>
</div><p>As such, much is riding on Nvidia's quarterly results, particularly as the stock is within striking distance of a new all-time high. Some investors are wondering whether they should lay out their hard-earned money to buy the stock before its highly anticipated financial report on Aug. 27 or wait until the results are in.</p>
<div class="lb-trans"><p>因此，Nvidia 的季度业绩备受关注，尤其是该股距离历史新高仅一步之遥。一些投资者在考虑是否应该在 8 月 27 日其备受期待的财报发布之前，投入辛苦赚来的钱购买该股票，还是等到结果出来后再说。</p>
</div><p>While past performance is no guarantee of future results, a look back at Nvidia's history provides a compelling answer.</p>
<div class="lb-trans"><p>虽然过去的表现并不能保证未来的结果，但回顾 Nvidia 的历史提供了一个引人注目的答案。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzA2NTAvcGVyc29uLWxvb2tpbmctYXQtZ3JhcGhzLWFuZC1jaGFydHMtaGFwcHktYmVjYXVzZS10aGUtc3RvY2stbWFya2V0LXdlbnQtdXAuanBnJnc9NzAw" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F830650%2Fperson-looking-at-graphs-and-charts-happy-because-the-stock-market-went-up.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>Setting the stage</h2>
<div class="lb-trans"><h2>背景介绍</h2>
</div><p>It has been a busy few months since Nvidia reported its most recent quarterly results.</p>
<div class="lb-trans"><p>自从 Nvidia 发布其最近的季度业绩以来，过去几个月一直很忙碌。</p>
</div><p>After much lobbying by CEO Jensen Huang, the Trump administration has lifted the moratorium on Nvidia's H20 chip, with the company agreeing to pay 15% from its chip sales to China. After concerns were raised, Nvidia has provided assurances to the Chinese government that its chips contain no backdoors, no kill switches, and no spyware. Huang also confirmed recent reports that Nvidia is developing a new AI data center processor based on its Blackwell architecture for its Chinese customers.</p>
<div class="lb-trans"><p>在首席执行官黄仁勋的多次游说下，特朗普政府已解除对 Nvidia H20 芯片的禁令，该公司同意向中国支付 15% 的芯片销售额。在提出担忧后，Nvidia 向中国政府保证其芯片没有后门、没有关闭开关，也没有间谍软件。黄仁勋还确认了最近的报道，即 Nvidia 正在为其中国客户开发基于 Blackwell 架构的新 AI 数据中心处理器。</p>
</div><p>And despite decelerating growth, Nvidia set a high bar with its most recent financial results. During its fiscal 2026 first quarter (ended April 27), Nvidia delivered record revenue of $44.1 billion, which soared 69% year over year and 12% sequentially. Excluding a one-time charge related to the moratorium on its H20 chips, adjusted earnings per share (EPS) jumped 62% to $0.96.</p>
<div class="lb-trans"><p>尽管增长放缓，Nvidia 在最近的财报中设定了高标准。在其 2026 财年第一季度（截至 4 月 27 日），Nvidia 实现了创纪录的收入 441 亿美元，同比增长 69%，环比增长 12%。剔除与 H20 芯片禁令相关的一次性费用后，调整后的每股收益（EPS）跃升 62% 至 0.96 美元。</p>
</div><p>The company's data center segment, which includes chips used for AI, cloud computing, and data centers, was the star of the show. Revenue for the segment surged 73% to $39 billion, as AI chips continued to fly off the shelves.</p>
<div class="lb-trans"><p>公司的数据中心部门，包括用于 AI、云计算和数据中心的芯片，是此次业绩的明星。该部门的收入激增 73% 至 390 亿美元，AI 芯片持续热销。</p>
</div><p>Nvidia is scheduled to report its second-quarter results after the market close on Wednesday, and investors will be keeping their eyes peeled for signs that demand for AI is waning. Three months ago, management's forecast suggested these strong secular tailwinds would continue. For the second quarter, Nvidia guided for revenue of $45 billion, representing growth of about 50%.</p>
<div class="lb-trans"><p>Nvidia 计划在周三市场收盘后发布其第二季度业绩，投资者将密切关注 AI 需求是否减弱的迹象。三个月前，管理层的预测表明这些强劲的长期趋势将继续。对于第二季度，Nvidia 预计收入为 450 亿美元，增长约 50%。</p>
</div><h2>Should you buy before Aug. 27?</h2>
<div class="lb-trans"><h2>你应该在 8 月 27 日之前购买吗？</h2>
</div><p>The chart below illustrates Nvidia's stock price movements over the past three years. The purple circles denoted by the letter E mark when the company released its financial reports. In all but three of these instances, or 75% of the time, the stock climbed in the wake of Nvidia's earnings report, fueled by investors piling into the stock.</p>
<div class="lb-trans"><p>下图展示了 Nvidia 过去三年的股价走势。紫色圆圈标记的字母 E 表示公司发布财报的时间。在这三次中，除去三次，75% 的时间里，股价在 Nvidia 的财报发布后上涨，投资者纷纷涌入该股票。</p>
</div><p>What sparked most of these moves higher was the combination of better-than-expected results and management raising its forecast. Management's strong track record suggests that Nvidia is well positioned to continue its history of &#34;beat and raise.&#34;</p>
<div class="lb-trans"><p>推动这些上涨的主要因素是超出预期的业绩和管理层上调的预测。管理层的强劲业绩记录表明，Nvidia 有很好的机会继续保持 “超预期和上调” 的历史。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/711d7659bd5f73b59e05f7faea03f4b2.png" alt="" original-src="https://media.ycharts.com/charts/711d7659bd5f73b59e05f7faea03f4b2.png"/></p>
<p>Data by YCharts.</p>
<div class="lb-trans"><p>数据来源：YCharts。</p>
</div><p>It's important to give this some context. Investor sentiment isn't reliable, but it tends to drive stock price moves higher and lower. There's no way to know for sure how investors will take the results on a given day, so I don't generally recommend date-driven stock buying.</p>
<div class="lb-trans"><p>给这一点一些背景是很重要的。投资者情绪并不可靠，但往往会推动股价的涨跌。没有办法确切知道投资者在某一天会如何解读结果，因此我通常不建议基于日期进行股票购买。</p>
</div><p>That said, history shows that Nvidia tends to move higher in the days and weeks following its financial report.</p>
<div class="lb-trans"><p>尽管如此，历史表明，Nvidia 在财报发布后的几天和几周内往往会上涨。</p>
</div><h2>Wall Street is bullish on Nvidia</h2>
<div class="lb-trans"><h2>华尔街对 Nvidia 持乐观态度</h2>
</div><p>Wall Street rarely agrees on anything, so it's worth mentioning that a majority of analysts who cover Nvidia believe the stock has further to climb. Of the 65 analysts who offered an opinion (thus far) in August, a whopping 89% have a buy or strong buy rating on the stock, and only one recommends selling.</p>
<div class="lb-trans"><p>华尔街很少在任何事情上达成一致，因此值得一提的是，大多数覆盖 Nvidia 的分析师认为该股还有进一步上涨的空间。在 8 月份提供意见的 65 位分析师中，令人惊讶的是 89% 对该股给予买入或强烈买入评级，只有一位建议卖出。</p>
</div><p>Loop Capital analyst John Donovan recently became Nvidia's biggest cheerleader, maintaining a buy rating with a Street-high price target of $250. This represents potential upside of 43% compared to the stock's closing price on Thursday. The analyst cites channel checks with cloud providers and other large-scale chip buyers in suggesting that Wall Street continues to underestimate the demand for AI-centric processors.</p>
<div class="lb-trans"><p>Loop Capital 的分析师 John Donovan 最近成为 Nvidia 最大的支持者，维持买入评级，并设定了 250 美元的华尔街最高目标价。这比该股周四的收盘价有 43% 的潜在上涨空间。该分析师通过与云服务提供商和其他大规模芯片买家的渠道检查，认为华尔街仍然低估了对 AI 中心处理器的需求。</p>
</div><p>One final item of note. Nvidia stock is currently selling for 30 times next year's earnings. While that's certainly a premium, the company's track record and the secular tailwinds of AI suggest the stock still has room to run -- though it will inevitably experience some turbulence along the way.</p>
<div class="lb-trans"><p>最后一点值得注意的是，Nvidia 股票目前的市盈率为 30 倍，基于明年的收益。虽然这确实是一个溢价，但该公司的业绩记录和 AI 的长期趋势表明，该股仍有上涨空间——尽管在此过程中不可避免地会经历一些波动。</p>
</div>

Should You Buy Nvidia Stock Before Aug. 27? History Provides a Clear and Compelling Answer.

- Nvidia 在 AI 领域的领导地位吸引投资者关注。  
- 公司第二季度预计收入 450 亿美元，增长约 50%。  
- 89% 分析师对 Nvidia 给予买入评级，预示股价有上涨空间。

你是否应该在 8 月 27 日之前购买 NVIDIA 股票？历史给出了一个明确且有力的答案