<p><strong>英伟达</strong>(NVDA 0.01%) 又来了。就在几天前以 50 亿美元投资 <strong>英特尔</strong> 让市场感到惊讶后，它又与 OpenAI 形成了类似的合作关系。</p>
<p>然而，这笔交易的规模将大得多：英伟达计划在未来投资 1000 亿美元于 OpenAI，作为建设 10 吉瓦人工智能（AI）数据中心项目的一部分，数百万个英伟达 GPU 将为 OpenAI 的下一代 AI 基础设施提供动力。英伟达的股票因这一消息上涨了 4%，创下历史新高。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzQ1NDYvbnZpZGlhLWhlYWRxdWFydGVycy5qcGcmdz03MDA?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-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzQ1NDYvbnZpZGlhLWhlYWRxdWFydGVycy5qcGcmdz03MDA"/></p>
<p>图片来源：英伟达。</p>
<h2>这里发生了什么？</h2>
<p>两家公司签署了一份意向书，建立这一 “里程碑式的战略合作伙伴关系”，以进一步推动 OpenAI 实现人工超级智能的雄心。</p>
<p>10 吉瓦的电力可以为 400 万到 500 万的 GPU 供电，英伟达首席执行官黄仁勋表示，这大约是公司今年将出货的数量。这个雄心勃勃的项目的第一阶段预计将在 2026 年下半年上线，使用基于英伟达即将推出的 Vera Rubin 平台的芯片。</p>
<p>OpenAI 和英伟达已经合作多年，自早期以来，OpenAI 一直在使用英伟达的技术。</p>
<p>至于英伟达计划投资的 1000 亿美元，时间表尚不明确。这家芯片制造商仅表示，计划 “随着每个吉瓦的部署逐步投资这笔资金”。</p>
<p>两家公司表示将在接下来的几周内敲定细节。</p>
<h2>一个熟悉的操作手册</h2>
<p>英伟达之前也进行过类似的操作。它建立了一个投资组合，投资于那些通常是其客户，有时甚至是其供应商的公司。</p>
<p>英伟达持有股份的上市公司包括 <strong>CoreWeave</strong> 和 <strong>Nebius</strong>，这两家是领先的 AI 新云提供商；<strong>Arm Holdings</strong>，其 CPU 设计被英伟达授权；<strong>Applied Digital</strong>，与其合作高性能计算数据中心；以及英特尔，这家挣扎中的芯片制造商，英伟达刚刚以 50 亿美元投资于其更大的合作伙伴关系。</p>
<p>如果 OpenAI 的交易实现其雄心，这将是英伟达迄今为止最大的投资。这也是英伟达投资的最有价值的公司。OpenAI 在 3 月份的最后一轮融资中估值为 3000 亿美元，但在 8 月份，其计划进行二次股票销售时，估值接近 5000 亿美元。</p>
<p>虽然 1000 亿美元对任何公司来说都是一笔巨款，但对于英伟达来说，这是一笔可控的金额，预计今年将产生大约相同的净收入。投资如此巨额的资金也将使其成为 OpenAI 的主要股东，但这一举动对英伟达来说是合理的。</p>
<p>OpenAI 是最大的、最具影响力的 AI 初创公司，英伟达投资的大部分资金将通过购买 GPU 来为这些数据中心提供动力而回流到 OpenAI。事实上，这项投资也为 OpenAI 购买英伟达的产品提供了激励。</p>
<p>这也有助于阻止像 <strong>AMD</strong> 这样的竞争者侵蚀英伟达在数据中心 GPU 市场的巨大市场份额。</p>
<h2>英伟达值得购买吗？</h2>
<p>英伟达似乎在 AI 领域最近做出了所有正确的举动，无论是技术上还是战略上，形成的合作网络只会巩固其市场领导地位。它还为其投资组合提供了可能带来强劲回报的投资。</p>
<p>只要 AI 热潮持续，英伟达看起来就是一只值得拥有的好股票。正如 <strong>甲骨文</strong> 等公司的最新报告所示，资金仍在流入 AI 基础设施。随着资金的流入，预计英伟达的股价将在长期内继续上涨。</p>

OpenAI

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>英伟达计划投资 1000 亿美元于 OpenAI，以建立由数百万个 GPU 驱动的人工智能数据中心，此前刚刚对英特尔进行了 50 亿美元的投资。这一战略合作旨在支持 OpenAI 实现人工超智能的目标。公告发布后，英伟达的股票上涨了 4%，创下历史新高。这项将逐步进行的投资使英伟达成为 OpenAI 的主要股东，增强了其在人工智能基础设施领域的市场领导地位，并可能阻碍竞争对手如 AMD 的发展</p>

<p><strong>Nvidia</strong>(NVDA 0.01%) is at it again. Just days after surprising the market with a $5 billion investment in <strong>Intel</strong>, it's forming a similar tie-up with OpenAI.</p>
<div class="lb-trans"><p><strong>英伟达</strong>(NVDA 0.01%) 又来了。就在几天前以 50 亿美元投资 <strong>英特尔</strong> 让市场感到惊讶后，它又与 OpenAI 形成了类似的合作关系。</p>
</div><p>However, the scale of this deal will be much larger: Nvidia plans to invest $100 billion in OpenAI over time as part of a project to build 10 gigawatts of artificial intelligence (AI) data centers, with millions of Nvidia GPUs powering OpenAI's next-generation AI infrastructure. Nvidia stock jumped 4% on the news, hitting an all-time high.</p>
<div class="lb-trans"><p>然而，这笔交易的规模将大得多：英伟达计划在未来投资 1000 亿美元于 OpenAI，作为建设 10 吉瓦人工智能（AI）数据中心项目的一部分，数百万个英伟达 GPU 将为 OpenAI 的下一代 AI 基础设施提供动力。英伟达的股票因这一消息上涨了 4%，创下历史新高。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzQ1NDYvbnZpZGlhLWhlYWRxdWFydGVycy5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F834546%2Fnvidia-headquarters.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Nvidia.</p>
<div class="lb-trans"><p>图片来源：英伟达。</p>
</div><h2>What's happening here?</h2>
<div class="lb-trans"><h2>这里发生了什么？</h2>
</div><p>The two companies signed a letter of intent for this &#34;landmark strategic partnership&#34; to further OpenAI's ambitions of achieving artificial superintelligence.</p>
<div class="lb-trans"><p>两家公司签署了一份意向书，建立这一 “里程碑式的战略合作伙伴关系”，以进一步推动 OpenAI 实现人工超级智能的雄心。</p>
</div><p>With 10 gigawatts, one could power between 4 million and 5 million GPUs, which Nvidia CEO Jensen Huang said is about the volume that the company will ship this year. The first phase of this ambitious project is expected to come online in the second half of 2026, using chips built on Nvidia's upcoming Vera Rubin platform.</p>
<div class="lb-trans"><p>10 吉瓦的电力可以为 400 万到 500 万的 GPU 供电，英伟达首席执行官黄仁勋表示，这大约是公司今年将出货的数量。这个雄心勃勃的项目的第一阶段预计将在 2026 年下半年上线，使用基于英伟达即将推出的 Vera Rubin 平台的芯片。</p>
</div><p>OpenAI and Nvidia have already been working together for years, and OpenAI has run on Nvidia technology since its early days.</p>
<div class="lb-trans"><p>OpenAI 和英伟达已经合作多年，自早期以来，OpenAI 一直在使用英伟达的技术。</p>
</div><p>As for the $100 billion Nvidia plans to invest, the timeline is unclear. The chipmaker simply says it plans to invest that money &#34;progressively as each gigawatt is deployed.&#34;</p>
<div class="lb-trans"><p>至于英伟达计划投资的 1000 亿美元，时间表尚不明确。这家芯片制造商仅表示，计划 “随着每个吉瓦的部署逐步投资这笔资金”。</p>
</div><p>The companies said they would finalize the details over the coming weeks.</p>
<div class="lb-trans"><p>两家公司表示将在接下来的几周内敲定细节。</p>
</div><h2>A familiar playbook</h2>
<div class="lb-trans"><h2>一个熟悉的操作手册</h2>
</div><p>Nvidia has engaged in similar maneuvers before. It has built up a portfolio of investments in companies that are often its customers, and sometimes even its suppliers.</p>
<div class="lb-trans"><p>英伟达之前也进行过类似的操作。它建立了一个投资组合，投资于那些通常是其客户，有时甚至是其供应商的公司。</p>
</div><p>Among the public companies that Nvidia owns stakes in are <strong>CoreWeave</strong> and <strong>Nebius</strong>, the two leading AI neocloud providers; <strong>Arm Holdings</strong>, whose CPU designs it licenses; <strong>Applied Digital</strong>, with which it collaborates on high-performance computing data centers; and Intel, a struggling chipmaker that Nvidia just invested $5 billion in as part of a larger partnership.</p>
<div class="lb-trans"><p>英伟达持有股份的上市公司包括 <strong>CoreWeave</strong> 和 <strong>Nebius</strong>，这两家是领先的 AI 新云提供商；<strong>Arm Holdings</strong>，其 CPU 设计被英伟达授权；<strong>Applied Digital</strong>，与其合作高性能计算数据中心；以及英特尔，这家挣扎中的芯片制造商，英伟达刚刚以 50 亿美元投资于其更大的合作伙伴关系。</p>
</div><p>The OpenAI deal, if it fulfills its ambition, would by far be Nvidia's biggest investment to date. It's also the most valuable company Nvidia has invested in. OpenAI was valued at $300 billion in its last funding round in March, but in August, it was flirting with a $500 billion valuation in its plan for a secondary stock sale.</p>
<div class="lb-trans"><p>如果 OpenAI 的交易实现其雄心，这将是英伟达迄今为止最大的投资。这也是英伟达投资的最有价值的公司。OpenAI 在 3 月份的最后一轮融资中估值为 3000 亿美元，但在 8 月份，其计划进行二次股票销售时，估值接近 5000 亿美元。</p>
</div><p>While $100 billion is a huge amount of money for any company, it's a manageable sum for Nvidia, which will generate approximately that much in net income this year. Investing that much will also make it a major shareholder in OpenAI, but the move makes sense for Nvidia.</p>
<div class="lb-trans"><p>虽然 1000 亿美元对任何公司来说都是一笔巨款，但对于英伟达来说，这是一笔可控的金额，预计今年将产生大约相同的净收入。投资如此巨额的资金也将使其成为 OpenAI 的主要股东，但这一举动对英伟达来说是合理的。</p>
</div><p>OpenAI is the largest and most influential AI start-up, and much of the money that Nvidia is investing will come right back to it via the purchases of GPUs to power those data centers. In fact, the investment serves as an incentive for OpenAI to buy Nvidia's products.</p>
<div class="lb-trans"><p>OpenAI 是最大的、最具影响力的 AI 初创公司，英伟达投资的大部分资金将通过购买 GPU 来为这些数据中心提供动力而回流到 OpenAI。事实上，这项投资也为 OpenAI 购买英伟达的产品提供了激励。</p>
</div><p>It also helps block challengers like <strong>AMD</strong> from cutting into Nvidia's huge market share lead in the data center GPU market.</p>
<div class="lb-trans"><p>这也有助于阻止像 <strong>AMD</strong> 这样的竞争者侵蚀英伟达在数据中心 GPU 市场的巨大市场份额。</p>
</div><h2>Is Nvidia a buy?</h2>
<div class="lb-trans"><h2>英伟达值得购买吗？</h2>
</div><p>Nvidia seems to be making all the right moves lately in AI, both technologically and strategically, and forming a network of partnerships should only entrench its market leadership. It also gives it a portfolio of investments that could deliver strong returns.</p>
<div class="lb-trans"><p>英伟达似乎在 AI 领域最近做出了所有正确的举动，无论是技术上还是战略上，形成的合作网络只会巩固其市场领导地位。它还为其投资组合提供了可能带来强劲回报的投资。</p>
</div><p>As long as the AI boom persists, Nvidia looks like a great stock to own. As recent reports by the likes of <strong>Oracle</strong> and others show, the dollars are still flowing into AI infrastructure. As they do, expect Nvidia's stock price to continue to move higher over the long term.</p>
<div class="lb-trans"><p>只要 AI 热潮持续，英伟达看起来就是一只值得拥有的好股票。正如 <strong>甲骨文</strong> 等公司的最新报告所示，资金仍在流入 AI 基础设施。随着资金的流入，预计英伟达的股价将在长期内继续上涨。</p>
</div>

Nvidia Makes a Familiar Move With $100 Billion Investment in OpenAI. Will It Pay Off?

- Nvidia 计划向 OpenAI 投资 1000 亿美元，建设 AI 数据中心。  
- 此次合作旨在推动 OpenAI 实现人工超智能。  
- Nvidia 股价因消息上涨 4%，创历史新高。

英伟达以 1000 亿美元投资 OpenAI，这一熟悉的举动是否会获得回报？