<p><strong>英伟达</strong>（NVDA -4.84%）的人工智能主导地位在过去几周受到质疑。OpenAI 刚刚宣布与 <strong>超微半导体</strong>（NASDAQ: AMD）达成了一项重大交易，这让人感觉 AMD 可能正在赶上目前人工智能投资的王者。然而，我认为这并不是一个有效的论点，因为 AMD 给 OpenAI 提供了一个令人难以置信的交易，而英伟达可能不愿意做出这样的让步。</p>
<p>英伟达仍然是人工智能计算硬件的最大供应商，我认为我们将在 10 月 16 日获得一些关于人工智能计算硬件需求强劲程度的消息。那时，<strong>台湾半导体制造公司</strong>（TSM -6.28%）将公布其季度财报，这将为投资者提供芯片需求强劲程度的线索。</p>
<p>如果台积电报告出色的业绩，所有与人工智能硬件相关的股票可能会积极反应，这使得在 10 月 16 日之前购买英伟达的股票变得引人注目。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzY2NDMvbnZpZGlhLWhlYWRxdWFydGVycy1vdXRzaWRlLXdpdGgtYmxhY2stbnZpZGlhLXNpZ24td2l0aC1udmlkaWEtbG9nby5qcGcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="700" height="420" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzY2NDMvbnZpZGlhLWhlYWRxdWFydGVycy1vdXRzaWRlLXdpdGgtYmxhY2stbnZpZGlhLXNpZ24td2l0aC1udmlkaWEtbG9nby5qcGcmdz03MDA"/></p>
<p>图片来源：英伟达。</p>
<h2>强劲的人工智能需求可以推动英伟达的股票在未来几年上涨</h2>
<p>投资者必须记住的一点是，台湾半导体是全球领先的芯片制造商，也是英伟达和 AMD 的芯片制造商。因此，仅仅因为台积电报告出色的数字，并不一定意味着英伟达也在表现良好。然而，由于英伟达是一个比 AMD 大得多的客户，我认为可以安全地说，如果台积电表现良好，英伟达也会如此。</p>
<p>我们要到 11 月才能确切知道英伟达第三季度的表现，但英伟达的主导地位仍然在各处显现。许多云计算公司正在争相扩建数据中心，以满足客户的需求。</p>
<p>英伟达的图形处理单元（GPU）在高性能通用计算方面是最佳选择，并且仍然是许多人工智能开发者的首选。来自 <strong>博通</strong> 的定制人工智能加速器芯片的竞争可能会在未来挑战英伟达的领导地位，但目前，英伟达仍然是使用最广泛的计算硬件。</p>
<p>无论人工智能超大规模公司当时偏好哪种计算芯片，预计未来几年人工智能资本支出将大幅增加。今年，英伟达预计人工智能数据中心的资本支出将达到 6000 亿美元。预计到 2030 年，这一数字将上升至 3 万亿到 4 万亿美元。</p>
<p>这是一项巨大的支出扩张，将使所有人工智能行业的公司受益。由于英伟达在市场份额上遥遥领先，它将受益最多，使得现在购买该股票变得引人注目。</p>
<h2>英伟达的股票并不像竞争对手那样昂贵</h2>
<p>在与 OpenAI 达成芯片交易的消息刺激下，博通和 AMD 的股票都上涨了；然而，这一上涨使得它们的股价远高于英伟达。当各种前瞻性市盈率（P/E）指标被审视时，尽管英伟达的业绩远好于其同行，但其交易仍然低于同行的水平。</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/8ac86fcacb965fa5783a43e9e7180eb4.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="720" height="575" original-src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/8ac86fcacb965fa5783a43e9e7180eb4.png"/></p>
<p>AMD 市盈率（前瞻性）数据来源于 YCharts</p>
<p>AMD 和博通在几笔交易消息的刺激下股价上涨；与此同时，英伟达每个季度产生的收入远超这些公告。博通与 OpenAI 的交易价值为 100 亿美元。AMD 的交易潜在价值可达公司价值的 10%，约 340 亿美元。在英伟达 2026 财年第二季度（截至 7 月 27 日），其数据中心部门单独产生了 411 亿美元的收入。</p>
<p>这表明英伟达的规模远大于这两项长期交易，投资者没有理由感到恐慌。事实上，随着巨大的人工智能需求即将到来，以及英伟达相对于同行的折扣，现在可以被视为一个优秀的长期投资。</p>
<p>如果台积电在 10 月 16 日对芯片需求的长期强劲性发表强有力的言论，这可能是英伟达股价飙升所需的一切，我认为在这一事件之前购买股票将是投资者明智的举动。</p>

英伟达

博通

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>Nvidia 的人工智能主导地位正受到审视，因为 AMD 与 OpenAI 达成了一项重要协议。然而，Nvidia 仍然是人工智能计算硬件的领先供应商。投资者应关注台积电在 10 月 16 日发布的财报，这可能表明对芯片的强劲需求，从而推动 Nvidia 的股票。尽管竞争加剧，Nvidia 的市场份额和预计的人工智能资本支出增长使其成为一个有吸引力的投资选择。目前，Nvidia 的股票相较于 AMD 和博通处于折扣状态，这表明在即将发布的财报之前，它可能是一个明智的长期投资</p>

<p><strong>Nvidia</strong>'s (NVDA -4.84%) AI dominance has come into question over the past few weeks. OpenAI just announced a monster deal with <strong>Advanced Micro Devices</strong>(NASDAQ: AMD), making it seem as if AMD could be catching up to the king of AI investing to date. However, I don't think that's a valid argument, as AMD cut OpenAI an incredible deal that Nvidia likely wasn't willing to make.</p>
<div class="lb-trans"><p><strong>英伟达</strong>（NVDA -4.84%）的人工智能主导地位在过去几周受到质疑。OpenAI 刚刚宣布与 <strong>超微半导体</strong>（NASDAQ: AMD）达成了一项重大交易，这让人感觉 AMD 可能正在赶上目前人工智能投资的王者。然而，我认为这并不是一个有效的论点，因为 AMD 给 OpenAI 提供了一个令人难以置信的交易，而英伟达可能不愿意做出这样的让步。</p>
</div><p>Nvidia is still the largest provider of artificial intelligence computing hardware by far, and I think we'll get some news on Oct. 16 regarding the strength of the demand for AI computing hardware. That's when <strong>Taiwan Semiconductor Manufacturing</strong>(TSM -6.28%) reports its quarterly earnings, and it will give investors a hint as to the strength of the demand for chips.</p>
<div class="lb-trans"><p>英伟达仍然是人工智能计算硬件的最大供应商，我认为我们将在 10 月 16 日获得一些关于人工智能计算硬件需求强劲程度的消息。那时，<strong>台湾半导体制造公司</strong>（TSM -6.28%）将公布其季度财报，这将为投资者提供芯片需求强劲程度的线索。</p>
</div><p>This could cause all AI hardware-related stocks to respond positively if TSMC reports great results, making Nvidia an intriguing stock to buy before Oct. 16.</p>
<div class="lb-trans"><p>如果台积电报告出色的业绩，所有与人工智能硬件相关的股票可能会积极反应，这使得在 10 月 16 日之前购买英伟达的股票变得引人注目。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzY2NDMvbnZpZGlhLWhlYWRxdWFydGVycy1vdXRzaWRlLXdpdGgtYmxhY2stbnZpZGlhLXNpZ24td2l0aC1udmlkaWEtbG9nby5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F836643%2Fnvidia-headquarters-outside-with-black-nvidia-sign-with-nvidia-logo.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>Strong AI demand can power Nvidia's stock higher over the next few years</h2>
<div class="lb-trans"><h2>强劲的人工智能需求可以推动英伟达的股票在未来几年上涨</h2>
</div><p>One thing investors must keep in mind is that Taiwan Semiconductor is the world's leading chip manufacturer and is also the chipmaker for both Nvidia and AMD. So, just because TSMC reports strong numbers, it doesn't necessarily mean that Nvidia is still doing well. However, with Nvidia being a much larger customer than AMD, I think it will be safe to say that if TSMC is doing well, Nvidia is too.</p>
<div class="lb-trans"><p>投资者必须记住的一点是，台湾半导体是全球领先的芯片制造商，也是英伟达和 AMD 的芯片制造商。因此，仅仅因为台积电报告出色的数字，并不一定意味着英伟达也在表现良好。然而，由于英伟达是一个比 AMD 大得多的客户，我认为可以安全地说，如果台积电表现良好，英伟达也会如此。</p>
</div><p>We won't know for sure how Nvidia's third quarter went until sometime in November, but there are still signs of Nvidia's dominance everywhere. Many of the cloud computing companies are racing to build out data center capacity to meet the demands of their customers.</p>
<div class="lb-trans"><p>我们要到 11 月才能确切知道英伟达第三季度的表现，但英伟达的主导地位仍然在各处显现。许多云计算公司正在争相扩建数据中心，以满足客户的需求。</p>
</div><p>Nvidia's graphics processing units (GPUs) are best in class at high-powered general-purpose computing, and continue to be a top choice for many AI developers. Rising competition from custom AI accelerator chips from <strong>Broadcom</strong> could challenge Nvidia's leadership in the future, but for now, Nvidia is still the most prevalent computing hardware being used.</p>
<div class="lb-trans"><p>英伟达的图形处理单元（GPU）在高性能通用计算方面是最佳选择，并且仍然是许多人工智能开发者的首选。来自 <strong>博通</strong> 的定制人工智能加速器芯片的竞争可能会在未来挑战英伟达的领导地位，但目前，英伟达仍然是使用最广泛的计算硬件。</p>
</div><p>Regardless of which computing chip is favored by the AI hyperscalers at the time, AI capital expenditures are expected to increase dramatically over the next few years. This year, Nvidia expects total AI data center capital expenditures to reach $600 billion. That figure is expected to rise to $3 trillion to $4 trillion by 2030.</p>
<div class="lb-trans"><p>无论人工智能超大规模公司当时偏好哪种计算芯片，预计未来几年人工智能资本支出将大幅增加。今年，英伟达预计人工智能数据中心的资本支出将达到 6000 亿美元。预计到 2030 年，这一数字将上升至 3 万亿到 4 万亿美元。</p>
</div><p>That's massive spending expansion, and will benefit all companies in the AI industry. With Nvidia being the largest market share leader by far, it will benefit the most, making the stock an intriguing buy right now.</p>
<div class="lb-trans"><p>这是一项巨大的支出扩张，将使所有人工智能行业的公司受益。由于英伟达在市场份额上遥遥领先，它将受益最多，使得现在购买该股票变得引人注目。</p>
</div><h2>Nvidia's stock isn't as expensive as that of its competitors</h2>
<div class="lb-trans"><h2>英伟达的股票并不像竞争对手那样昂贵</h2>
</div><p>Both Broadcom and AMD's stock have popped on news of chip deals with OpenAI; however, this pop has caused them to get far more expensive than Nvidia. When various forward price-to-earnings (P/E) metrics are examined, Nvidia still trades at a discount to its peers despite much better results.</p>
<div class="lb-trans"><p>在与 OpenAI 达成芯片交易的消息刺激下，博通和 AMD 的股票都上涨了；然而，这一上涨使得它们的股价远高于英伟达。当各种前瞻性市盈率（P/E）指标被审视时，尽管英伟达的业绩远好于其同行，但其交易仍然低于同行的水平。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/8ac86fcacb965fa5783a43e9e7180eb4.png" alt="" original-src="https://media.ycharts.com/charts/8ac86fcacb965fa5783a43e9e7180eb4.png"/></p>
<p>AMD PE Ratio (Forward) data by YCharts</p>
<div class="lb-trans"><p>AMD 市盈率（前瞻性）数据来源于 YCharts</p>
</div><p>Both AMD and Broadcom have increased on news of a handful of sales; meanwhile, Nvidia is generating far more revenue each quarter than each of these announcements. Broadcom's deal with OpenAI had a value of $10 billion. AMD's deal has the potential to be worth up to 10% of the value of the company, or about $34 billion. During Nvidia's fiscal 2026 second quarter (ended July 27), its data center division alone generated $41.1 billion.</p>
<div class="lb-trans"><p>AMD 和博通在几笔交易消息的刺激下股价上涨；与此同时，英伟达每个季度产生的收入远超这些公告。博通与 OpenAI 的交易价值为 100 亿美元。AMD 的交易潜在价值可达公司价值的 10%，约 340 亿美元。在英伟达 2026 财年第二季度（截至 7 月 27 日），其数据中心部门单独产生了 411 亿美元的收入。</p>
</div><p>This shows that Nvidia is far larger than both of these long-term deals, and investors have no reason to panic. In fact, with massive AI demand on the horizon and Nvidia's discount to its peers, it could be considered an excellent long-term investment right now.</p>
<div class="lb-trans"><p>这表明英伟达的规模远大于这两项长期交易，投资者没有理由感到恐慌。事实上，随着巨大的人工智能需求即将到来，以及英伟达相对于同行的折扣，现在可以被视为一个优秀的长期投资。</p>
</div><p>Strong language from TSMC on Oct. 16 about the long-term robustness of chip demand could be all Nvidia needs to see its stock soar, and I think scooping up shares before this event would be a wise move by investors.</p>
<div class="lb-trans"><p>如果台积电在 10 月 16 日对芯片需求的长期强劲性发表强有力的言论，这可能是英伟达股价飙升所需的一切，我认为在这一事件之前购买股票将是投资者明智的举动。</p>
</div>

Should You Buy Nvidia Stock Before October 16?

- Nvidia 在 AI 硬件市场仍占主导地位，预计 10 月 16 日将有需求数据发布。  
- TSMC 的业绩将影响 AI 硬件相关股票，Nvidia 可能受益最大。  
- 尽管竞争加剧，Nvidia 的市值仍低于同行，长期投资前景看好。

你是否应该在 10 月 16 日之前购买 NVIDIA 的股票？