<p><strong>英伟达</strong>(NVDA 0.36%) 的股价今年上涨了约 30%，截至 8 月 29 日的一周，主要受到人工智能（AI）热潮的推动。这家半导体芯片制造商的股票在 4 月 7 日因特朗普总统宣布新关税而引发股市崩盘后，从 52 周低点反弹。</p>
<p>仅仅因为英伟达的股价反弹并不意味着你错过了购买的机会。一个表明英伟达股票仍有上涨空间的因素是其股价估值。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzEwNjgvYWlfcm9ib3Rfd2F0Y2hpbmdfc3RvY2tzX3Jpc2UtZ2V0dHlpbWFnZXMtMTM4OTIwNzA0MS0xMjAxeDgwMC05YjlmMTg1LTEyNDE5cG0ucG5nJnc9NzAw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzEwNjgvYWlfcm9ib3Rfd2F0Y2hpbmdfc3RvY2tzX3Jpc2UtZ2V0dHlpbWFnZXMtMTM4OTIwNzA0MS0xMjAxeDgwMC05YjlmMTg1LTEyNDE5cG0ucG5nJnc9NzAw"/></p>
<p>图片来源：Getty Images。</p>
<h2>评估英伟达股票的估值</h2>
<p>市盈率（P/E）是评估英伟达股票价值的常用方法。将其与一些公司的 AI 半导体竞争对手，如 <strong>超微半导体</strong> 和 <strong>博通</strong> 进行比较，可以提供有价值的见解。</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/58d885f2e2657fbf42705ab8149f4202.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/58d885f2e2657fbf42705ab8149f4202.png"/></p>
<p>数据来源：YCharts。</p>
<p>图表显示，英伟达的盈利倍数显著低于 AMD 和博通，表明其股票更具价值。事实上，其当前的市盈率约为 50，低于去年在历史高位时的水平，因此其估值有所改善。</p>
<p>英伟达的业绩解释了这一点。在截至 7 月 27 日的财年第二季度，其净收入同比飙升 59%，达到 264 亿美元，收入同比增长 56%，达到 467 亿美元。</p>
<p>在第二季度业绩显示其数据中心收入未达到华尔街预期后，英伟达的股价下跌，创造了一个买入机会。</p>
<p>部分短缺是由于美国政府阻止 AI 芯片销售给中国。因此，英伟达将该地区排除在其预测的财年第三季度收入 54 亿美元之外。尽管如此，这一数字仍较去年 35.1 亿美元有显著增长，表明对英伟达产品的需求并未减缓。</p>
<p>公司的管理层预测，到 2030 年，AI 基础设施支出将达到至少 3 万亿美元。虽然预测差异很大，有些人预测到本世纪末全球资本支出将超过 7 万亿美元，但迄今为止，AI 支出显示出爆炸性增长，这意味着英伟达可能会迎来更多的收入增长年。</p>

英伟达

<p>英伟达的股票今年上涨了 30%，受到人工智能热潮的推动。尽管由于未能达到收入预期而最近出现下跌，但其市盈率为 50，低于竞争对手，表明仍然是一个不错的投资选择。该公司报告第二季度净收入增长了 59%，收入增长了 56%。英伟达预计人工智能基础设施支出将显著增长，预计到 2030 年将达到至少 3 万亿美元，这表明未来收入增长的潜力</p>

<p><strong>Nvidia</strong>(NVDA 0.36%) shares are trading up about 30% this year, through the week ending Aug. 29, driven by the frenzy around artificial intelligence (AI). The semiconductor chipmaker's stock bounced back from a 52-week low reached on April 7 after President Donald Trump's announcement of new tariffs triggered a stock market crash.</p>
<div class="lb-trans"><p><strong>英伟达</strong>(NVDA 0.36%) 的股价今年上涨了约 30%，截至 8 月 29 日的一周，主要受到人工智能（AI）热潮的推动。这家半导体芯片制造商的股票在 4 月 7 日因特朗普总统宣布新关税而引发股市崩盘后，从 52 周低点反弹。</p>
</div><p>Just because Nvidia's share price rebounded doesn't mean you missed the boat to buy. One factor suggesting Nvidia stock still has room to run is its share price valuation.</p>
<div class="lb-trans"><p>仅仅因为英伟达的股价反弹并不意味着你错过了购买的机会。一个表明英伟达股票仍有上涨空间的因素是其股价估值。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzEwNjgvYWlfcm9ib3Rfd2F0Y2hpbmdfc3RvY2tzX3Jpc2UtZ2V0dHlpbWFnZXMtMTM4OTIwNzA0MS0xMjAxeDgwMC05YjlmMTg1LTEyNDE5cG0ucG5nJnc9NzAw" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F831068%2Fai_robot_watching_stocks_rise-gettyimages-1389207041-1201x800-9b9f185-12419pm.png&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>Gauging Nvidia stock's valuation</h2>
<div class="lb-trans"><h2>评估英伟达股票的估值</h2>
</div><p>The price-to-earnings (P/E) ratio is a common method to assess the value of Nvidia stock. Comparing it to some of the company's AI semiconductor competitors, such as <strong>Advanced Micro Devices</strong> and <strong>Broadcom</strong>, can offer valuable insights.</p>
<div class="lb-trans"><p>市盈率（P/E）是评估英伟达股票价值的常用方法。将其与一些公司的 AI 半导体竞争对手，如 <strong>超微半导体</strong> 和 <strong>博通</strong> 进行比较，可以提供有价值的见解。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/58d885f2e2657fbf42705ab8149f4202.png" alt="" original-src="https://media.ycharts.com/charts/58d885f2e2657fbf42705ab8149f4202.png"/></p>
<p>Data by YCharts.</p>
<div class="lb-trans"><p>数据来源：YCharts。</p>
</div><p>The chart reveals Nvidia's earnings multiple is significantly below that of AMD and Broadcom, indicating its stock is a better value. In fact, its current P/E ratio of about 50 is lower than it was last year when it was trading at all-time highs, so its valuation has improved.</p>
<div class="lb-trans"><p>图表显示，英伟达的盈利倍数显著低于 AMD 和博通，表明其股票更具价值。事实上，其当前的市盈率约为 50，低于去年在历史高位时的水平，因此其估值有所改善。</p>
</div><p>Nvidia's performance explains why. For its fiscal second quarter, ended July 27, its net income soared 59% over the prior year to $26.4 billion as revenue rose 56% year over year to $46.7 billion.</p>
<div class="lb-trans"><p>英伟达的业绩解释了这一点。在截至 7 月 27 日的财年第二季度，其净收入同比飙升 59%，达到 264 亿美元，收入同比增长 56%，达到 467 亿美元。</p>
</div><p>Nvidia's share price dropped after Q2 results showed its data center revenue missed Wall Street's expectations, creating a buy opportunity.</p>
<div class="lb-trans"><p>在第二季度业绩显示其数据中心收入未达到华尔街预期后，英伟达的股价下跌，创造了一个买入机会。</p>
</div><p>Part of the shortfall was due to the U.S. government blocking AI chip sales to China. Consequently, Nvidia excluded the region from its forecast fiscal Q3 revenue of $54 billion. Even so, that figure is a substantial increase from the previous year's $35.1 billion, demonstrating demand for Nvidia products isn't slowing down.</p>
<div class="lb-trans"><p>部分短缺是由于美国政府阻止 AI 芯片销售给中国。因此，英伟达将该地区排除在其预测的财年第三季度收入 54 亿美元之外。尽管如此，这一数字仍较去年 35.1 亿美元有显著增长，表明对英伟达产品的需求并未减缓。</p>
</div><p>The company's management predicts AI infrastructure spending will hit at least $3 trillion by 2030. While forecasts vary widely, with some predicting global capital expenditures will exceed $7 trillion by the end of the decade, AI spending to date has shown explosive expansion, which means Nvidia could see more years of revenue growth ahead.</p>
<div class="lb-trans"><p>公司的管理层预测，到 2030 年，AI 基础设施支出将达到至少 3 万亿美元。虽然预测差异很大，有些人预测到本世纪末全球资本支出将超过 7 万亿美元，但迄今为止，AI 支出显示出爆炸性增长，这意味着英伟达可能会迎来更多的收入增长年。</p>
</div>

Think It's Too Late to Buy Nvidia? Here's the 1 Reason Why There's Still Time

- Nvidia 股价今年上涨约 30%，受人工智能热潮推动。  
- 其市盈率低于竞争对手，表明股票价值较高。  
- 管理层预测到 2030 年 AI 基础设施支出将达到至少 3 万亿美元。

觉得现在买入 NVIDIA 已经太晚了吗？这里有一个理由说明为什么仍然有机会