<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/09/Nvidia.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1536" height="1024" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/09/Nvidia.png"/></p>
<p>英伟达股票（NASDAQ: NVDA）正在上涨，因为多个有利因素汇聚在一起，增强了市场对公司在人工智能芯片领域领导地位的信心。</p>
<p>美光强劲的财报和指引缓解了市场对人工智能相关支出放缓的担忧。</p>
<p>此外，英伟达积极的股票回购和充裕的现金流动表明管理层对需求将保持强劲的信心。</p>
<p>分析师还强调了年末技术支撑和人工智能基础设施支出的广泛耐久性，使英伟达成为在 2025 年接近尾声时仍显示出动能的少数大型成长股之一。</p>
<h2>英伟达股票今天上涨的 3 个原因</h2>
<p>1. <strong>内存供应商确认人工智能资本支出依然强劲</strong></p>
<p>美光强劲的季度业绩为英伟达的上涨提供了最直接的市场催化剂。</p>
<p>周三，美光报告了 2024 财年第一季度的 GAAP 每股收益约为 4.60 美元，营收为 136.4 亿美元，远超华尔街预期。</p>
<p>对于 2024 财年第二季度，该公司预计营收约为 187 亿美元（±4 亿美元），毛利率约为 67%（±1%）。</p>
<p>管理层表示，高带宽内存（HBM）供应紧张仍然严重，公司在 2026 年之前的扩展 HBM 产能已售罄，且价格显著上涨。</p>
<p>预计下个季度毛利率将达到 67% 至 69%，远高于市场共识的 55.7%，这清楚地表明人工智能资本支出依然火热，供应限制仍在持续。</p>
<p><strong>2. 英伟达 600 亿美元的股票回购</strong></p>
<p>英伟达的资本配置策略提供了第二个支撑点。</p>
<p>在 8 月份，该公司的董事会批准了一项创纪录的 600 亿美元股票回购计划，没有到期日。</p>
<p>在 2026 财年上半年，英伟达已经通过回购和分红向股东返还了 243 亿美元，仍有大量回购授权的资金。</p>
<p>这种资本纪律，加上每季度超过 230 亿美元的自由现金流，展示了对当前估值和未来现金生成的信心。</p>
<p><strong>3. 年末技术流动和动能</strong></p>
<p>年末交易模式有利于大型科技股。从历史上看，12 月份大盘成长股通常会出现强劲的资金流入，并可能在投资组合再平衡前出现短期回补。</p>
<p>由于英伟达股票自 11 月高点下跌约 13%，技术交易者看到重新出现的价值，并为在季度结束前向 220–230 美元的反弹做好准备。</p>
<p>一旦美光证明人工智能支出保持不变，市场情绪急剧转变，整个芯片行业从早期低点反弹。</p>
<h2>分析师观点</h2>
<p>尽管英伟达的估值高企，华尔街的共识依然极为乐观。</p>
<p>虽然一些分析师如德意志银行的罗斯·塞莫尔称该股票 “估值合理”，但大多数主要机构仍维持买入评级，目标价远高于当前水平。</p>
<p>市场的叙述集中在英伟达的规模、竞争护城河以及人工智能资本支出周期在未来十年延续的必然性上。</p>
<p>共识观点认为，英伟达是人工智能淘金热中的重要 “铲子和锹” 投资，如果毛利率保持稳定且订单可见性延续至 2026 年，仍有多重扩张潜力。</p>
<p>本文的标题为《英伟达股票：人工智能芯片巨头今天上涨的 3 个强劲理由》，最初发布在 Invezz 上。</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>英伟达的股票因美光强劲的财报、英伟达 600 亿美元的股票回购以及年末的技术流动而上涨。美光的业绩缓解了对人工智能支出放缓的担忧，而英伟达的回购和充裕的现金资产负债表显示了对需求的信心。分析师强调了英伟达的势头和人工智能基础设施支出的韧性，尽管估值较高，华尔街仍然保持乐观的看法</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/09/Nvidia.png" alt="" original-src="https://invezz.com/wp-content/uploads/2025/09/Nvidia.png"/></p>
<p>Nvidia stock (NASDAQ: NVDA) is climbing as several tailwinds come together to strengthen confidence in the company’s leadership in AI chips.</p>
<div class="lb-trans"><p>英伟达股票（NASDAQ: NVDA）正在上涨，因为多个有利因素汇聚在一起，增强了市场对公司在人工智能芯片领域领导地位的信心。</p>
</div><p>Strong earnings and guidance from Micron helped calm fears that AI-related spending is slowing.</p>
<div class="lb-trans"><p>美光强劲的财报和指引缓解了市场对人工智能相关支出放缓的担忧。</p>
</div><p>Moreover, Nvidia’s aggressive share buyback and cash-rich balance sheet signal management’s confidence that demand will remain strong.</p>
<div class="lb-trans"><p>此外，英伟达积极的股票回购和充裕的现金流动表明管理层对需求将保持强劲的信心。</p>
</div><p>Analysts also highlight year-end technical support and the broader durability of AI infrastructure spending, casting Nvidia as one of the few mega-cap growth names still showing momentum as 2025 comes to a close.</p>
<div class="lb-trans"><p>分析师还强调了年末技术支撑和人工智能基础设施支出的广泛耐久性，使英伟达成为在 2025 年接近尾声时仍显示出动能的少数大型成长股之一。</p>
</div><h2>3 reasons Nvidia stock is rising today</h2>
<div class="lb-trans"><h2>英伟达股票今天上涨的 3 个原因</h2>
</div><p>1. <strong>Memory suppliers confirm AI capex remains robust</strong></p>
<div class="lb-trans"><p>1. <strong>内存供应商确认人工智能资本支出依然强劲</strong></p>
</div><p>Micron’s strong quarterly results provided the most immediate market catalyst for Nvidia’s rally.</p>
<div class="lb-trans"><p>美光强劲的季度业绩为英伟达的上涨提供了最直接的市场催化剂。</p>
</div><p>On Wednesday, Micron reported fiscal Q1 GAAP earnings of approximately $4.60 per share on revenue of $13.64 billion, far exceeding Wall Street expectations.</p>
<div class="lb-trans"><p>周三，美光报告了 2024 财年第一季度的 GAAP 每股收益约为 4.60 美元，营收为 136.4 亿美元，远超华尔街预期。</p>
</div><p>For fiscal Q2, the company guided to revenue of about $18.7 billion (± $400 million) and gross margins of roughly 67% (± 1%).</p>
<div class="lb-trans"><p>对于 2024 财年第二季度，该公司预计营收约为 187 亿美元（±4 亿美元），毛利率约为 67%（±1%）。</p>
</div><p>Management signaled that the high-bandwidth memory (HBM) supply crunch remains severe, with the company selling out expanded HBM capacity throughout 2026 at meaningfully higher prices.</p>
<div class="lb-trans"><p>管理层表示，高带宽内存（HBM）供应紧张仍然严重，公司在 2026 年之前的扩展 HBM 产能已售罄，且价格显著上涨。</p>
</div><p>Gross margins are expected to reach 67 to 69% in the coming quarter, far above the Street consensus of 55.7%, a clear signal that AI capex remains hot, and supply constraints persist.</p>
<div class="lb-trans"><p>预计下个季度毛利率将达到 67% 至 69%，远高于市场共识的 55.7%，这清楚地表明人工智能资本支出依然火热，供应限制仍在持续。</p>
</div><p><strong>2. Nvidia’s $60 billion buyback</strong></p>
<div class="lb-trans"><p><strong>2. 英伟达 600 亿美元的股票回购</strong></p>
</div><p>Nvidia’s capital allocation strategy provides a second pillar of support.</p>
<div class="lb-trans"><p>英伟达的资本配置策略提供了第二个支撑点。</p>
</div><p>In August, the company’s board authorised a record $60 billion share repurchase program with no expiration date.</p>
<div class="lb-trans"><p>在 8 月份，该公司的董事会批准了一项创纪录的 600 亿美元股票回购计划，没有到期日。</p>
</div><p>During the first half of fiscal 2026, Nvidia had already returned $24.3 billion to shareholders through buybacks and dividends, with substantial firepower remaining under authorization.</p>
<div class="lb-trans"><p>在 2026 财年上半年，英伟达已经通过回购和分红向股东返还了 243 亿美元，仍有大量回购授权的资金。</p>
</div><p>This capital discipline, paired with over $23 billion in quarterly free cash flow, demonstrates confidence in both current valuations and future cash generation.</p>
<div class="lb-trans"><p>这种资本纪律，加上每季度超过 230 亿美元的自由现金流，展示了对当前估值和未来现金生成的信心。</p>
</div><p><strong>3. Year-end technical flows and momentum</strong></p>
<div class="lb-trans"><p><strong>3. 年末技术流动和动能</strong></p>
</div><p>Year-end trading patterns favor mega-cap tech. Historically, December sees strong inflows into large-cap growth names and potential short-covering ahead of portfolio rebalancing.</p>
<div class="lb-trans"><p>年末交易模式有利于大型科技股。从历史上看，12 月份大盘成长股通常会出现强劲的资金流入，并可能在投资组合再平衡前出现短期回补。</p>
</div><p>With Nvidia stock down roughly 13% from November highs, technical traders see renewed value and position for rallies toward $220–$230 before quarter-close.</p>
<div class="lb-trans"><p>由于英伟达股票自 11 月高点下跌约 13%，技术交易者看到重新出现的价值，并为在季度结束前向 220–230 美元的反弹做好准备。</p>
</div><p>Sentiment shifted sharply once Micron proved AI spending remains intact, lifting the entire chip complex off earlier lows.</p>
<div class="lb-trans"><p>一旦美光证明人工智能支出保持不变，市场情绪急剧转变，整个芯片行业从早期低点反弹。</p>
</div><h2>What analysts say</h2>
<div class="lb-trans"><h2>分析师观点</h2>
</div><p>Wall Street consensus remains overwhelmingly bullish despite Nvidia’s towering valuation.</p>
<div class="lb-trans"><p>尽管英伟达的估值高企，华尔街的共识依然极为乐观。</p>
</div><p>While some analysts like Deutsche Bank’s Ross Seymore call the stock “fairly valued,” most major houses maintain Buy ratings and price targets well above current levels.</p>
<div class="lb-trans"><p>虽然一些分析师如德意志银行的罗斯·塞莫尔称该股票 “估值合理”，但大多数主要机构仍维持买入评级，目标价远高于当前水平。</p>
</div><p>The street’s narrative centers on Nvidia’s scale, competitive moat, and the inevitability of AI capex cycles extending through the decade.</p>
<div class="lb-trans"><p>市场的叙述集中在英伟达的规模、竞争护城河以及人工智能资本支出周期在未来十年延续的必然性上。</p>
</div><p>The consensus view remains that Nvidia is the essential pick-and-shovel play in the AI gold rush, with multiple expansion potential if gross margins hold steady and backlog visibility extends through 2026.</p>
<div class="lb-trans"><p>共识观点认为，英伟达是人工智能淘金热中的重要 “铲子和锹” 投资，如果毛利率保持稳定且订单可见性延续至 2026 年，仍有多重扩张潜力。</p>
</div><p>The post Nvidia stock: 3 powerful reasons AI chip giant is rallying today appeared first on Invezz</p>
<div class="lb-trans"><p>本文的标题为《英伟达股票：人工智能芯片巨头今天上涨的 3 个强劲理由》，最初发布在 Invezz 上。</p>
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Nvidia stock: 3 powerful reasons AI chip giant is rallying today

- Nvidia 股票因多重因素增长，显示 AI 芯片领导力。  
- Micron 强劲财报提振市场信心，确认 AI 资本支出强劲。  
- 公司 $60 亿回购计划增强投资者信心，年底技术流动性利好。

英伟达股票：AI 芯片巨头今天上涨的三大强劲原因