<p>人工智能（AI）在过去几年中经历了快速增长，其采用趋势没有减缓的迹象。这些尖端算法承诺将改变我们所知的技术格局，并且对处于这一技术前沿的公司来说是一个巨大的机遇。这一点在 <strong>Nvidia</strong>（NVDA 1.38%）身上尤为明显。</p>
<p>这家以 AI 为中心的芯片制造商开创了 图形处理单元（GPUs），能够在视频游戏中创造逼真的图像。这些处理器现在已成为推动 AI 的黄金标准，使 Nvidia 成为这一技术的事实上的旗手。</p>
<p>在第一季度，Nvidia 有效地将其在 <strong>CoreWeave</strong>（CRWV 3.27%）的持股几乎翻倍，促使投资者重新审视这家新云运营商。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NzA4NTEvYS1sb25nLXJvdy1vZi1yYWNrLXNlcnZlcnMtaW4tYS1kYXRhLWNlbnRlci5qcGcmdz0zODQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="3000" height="2001" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NzA4NTEvYS1sb25nLXJvdy1vZi1yYWNrLXNlcnZlcnMtaW4tYS1kYXRhLWNlbnRlci5qcGcmdz0zODQw"/></p>
<p>图片来源：Getty Images。</p>
<h2>新云的案例</h2>
<p>云计算在二十多年前广泛可用，为企业提供按需计算服务。新云是这些服务的最新版本，提供 GPU 即服务（GPUaaS）和 AI 即服务（AIaaS）。CoreWeave 是这些新云提供商中最大和最知名的。</p>
<p>CoreWeave 与 Nvidia 建立了战略合作伙伴关系，使该公司在竞争中拥有一定的优势。通过与 Nvidia 的合作，CoreWeave 能够获得该公司最新的尖端 AI 芯片。</p>
<p>Nvidia 在 CoreWeave 中已经拥有相当大的股份，持有超过 2420 万股。根据周五市场收盘后发布的监管文件，Nvidia 在第一季度几乎将其持股翻倍，总持股超过 4720 万股。总体而言，Nvidia 大约拥有 CoreWeave 流通股的 11%，这一股份目前价值 49 亿美元，占该芯片制造商股权投资组合的 20%。</p>
<p>展开</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL05WREEucG5nJnc9MTI4?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="Nvidia 股票报价" width="80" height="80" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL05WREEucG5nJnc9MTI4"/></p>
<h2>NASDAQ: NVDA</h2>
<p>Nvidia</p>
<p>今日变动</p>
<p>(-1.38%) $-3.11</p>
<p>当前价格</p>
<p>$222.21</p>
<h3>关键数据点</h3>
<p>市值</p>
<p>$5.5 万亿</p>
<p>日内区间</p>
<p>$218.37 - $230.00</p>
<p>52 周区间</p>
<p>$129.16 - $236.54</p>
<p>成交量</p>
<p>540 万</p>
<p>平均成交量</p>
<p>1.71 亿</p>
<p>毛利率</p>
<p>71.07%</p>
<p>股息收益率</p>
<p>0.02%</p>
<p>当他在今年早些时候宣布投资时，Nvidia 首席执行官黄仁勋阐述了这一机会，表示：</p>
<blockquote>
<p>CoreWeave 在 AI 工厂方面的深厚专业知识、平台软件和无与伦比的执行速度在行业内得到了认可。我们正在共同努力，以满足对 Nvidia AI 工厂的巨大需求——这正是 AI 工业革命的基础。</p>
</blockquote>
<p>鉴于 Nvidia 与 CoreWeave 日益紧密的联系及其对 CoreWeave 的巨大信心，投资者是否应该跟随？</p>
<h2>数据分析</h2>
<p>CoreWeave 的增长令人信服。在第一季度，收入同比激增 112%，达到 20 亿美元，而每股亏损基本持平，为 1.40 美元。</p>
<p>或许更重要的是，该公司的订单积压同比激增 284%，达到 994 亿美元，这为未来的收入提供了洞察。实际上，首席执行官 Michael Intrator 在 财报电话会议 上表示，&#34;需求在各个方面都在加速。&#34;</p>
<p>展开</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0NSV1YucG5nJnc9MTI4?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="CoreWeave 股票报价" width="80" height="80" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0NSV1YucG5nJnc9MTI4"/></p>
<h2>NASDAQ: CRWV</h2>
<p>CoreWeave</p>
<p>今日变动</p>
<p>(-3.27%) $-3.50</p>
<p>当前价格</p>
<p>$103.80</p>
<h3>关键数据点</h3>
<p>市值</p>
<p>$590 亿</p>
<p>日内区间</p>
<p>$98.67 - $106.95</p>
<p>52 周区间</p>
<p>$63.80 - $187.00</p>
<p>成交量</p>
<p>170 万</p>
<p>平均成交量</p>
<p>2800 万</p>
<p>毛利率</p>
<p>34.82%</p>
<p>随着 CoreWeave 继续扩展以满足不断增长的需求，该公司正在大力投资资本支出（capex），预计 2026 年的支出将在 310 亿美元到 350 亿美元之间。尽管投资巨大，CoreWeave 表示，&#34;我们的部署在合同层面上仍然是盈利的。&#34;这表明，随着公司规模的扩大，利润可能会随之而来。</p>
<h2>准备好迎接主流了吗？</h2>
<p>CoreWeave 尚未盈利，但在第一季度保持了亏损的稳定。尽管其增长势头强劲，价值投资者可能会对公司缺乏盈利能力持谨慎态度。也就是说，该股票的销售价格大约为销售额的 8 倍，低于 2025 年中期的 27 倍。另一方面，Nvidia——其盈利能力_极高_——以仅 27 倍的未来收益出售，为投资者提供了另一种参与 AI 繁荣的方式。</p>
<p>尽管如此，Nvidia 的指导，加上 CoreWeave 加速的收入增长，可能使得在平衡投资组合中持有 CoreWeave 的小额股份变得值得。</p>

📢有奖活动
数据中心股Coreweave、Iren财报先后发布，本周三 NBIS 压轴发布。年初至今板块一路走强！对于这个板块，你是哪一派？
1️⃣ 操作派 — 财报前后你怎么打？晒出实盘持仓与点位，附上自己的判断，获奖率更高!
2️⃣ 深度派 — Neocloud 真的是 AI 最锋利的铲子吗？写下你对 CRWV / IREN / NBIS 或整个赛道的独立分析，有观点就有机会!
奖励规则：🥇 优质内容奖：最高 10 HKD 股票现金券 / 人☀️ 阳光普照奖：88 任务币 / 人获奖内容将经综合评估产生，要求有理有据、独立判断，拒绝纯 AI 代写，名额不限！
活动截止：5月14日 24:00，奖品将在活动结束后 15 个工作日内发放，活动解释权归长桥所有
&nbsp;

<p><strong>📢有奖活动</strong><br>数据中心股Coreweave、Iren财报先后发布，本周三 NBIS 压轴发布。年初至今板块一路走强！对于这个板块，你是哪一派？<br><strong>1️⃣ 操作派</strong> — 财报前后你怎么打？晒出实盘持仓与点位，附上自己的判断，获奖率更高!<br><strong>2️⃣ 深度派</strong> — Neocloud 真的是 AI 最锋利的铲子吗？写下你对 CRWV / IREN / NBIS 或整个赛道的独立分析，有观点就有机会!<br><strong>奖励规则：</strong></p><ul><li>🥇 优质内容奖：最高 <strong>10 HKD 股票现金券 / 人</strong></li><li>☀️ 阳光普照奖：<strong>88 任务币 / 人</strong></li></ul><p>获奖内容将经综合评估产生，要求<strong>有理有据、独立判断</strong>，拒绝纯 AI 代写，名额不限！<br>活动截止：5月14日 24:00，奖品将在活动结束后 15 个工作日内发放，活动解释权归长桥所有<br>&nbsp;</p>

数据中心财报季，谁是真龙头？

CRWV

CWVX

CRWG

云计算 ETF - GlobalX

英伟达期权收益策略 ETF - YieldMax

2 倍做多英伟达 ETF - Direxion

DTCR

2 倍做多英伟达 ETF - GraniteShares

2 倍做多 NVDA ETF - T-Rex

CRWU

<p>英伟达显著增加了对 CoreWeave 的持股，目前拥有超过 4720 万股，价值 49 亿美元。CoreWeave 是一家领先的云计算提供商，第一季度报告收入增长 112%，达到 20 亿美元，未完成订单达到 994 亿美元。尽管尚未盈利，但其增长势头和英伟达的支持可能会吸引希望借助人工智能热潮获利的投资者</p>

<p>Artificial intelligence (AI) has been on a blistering run over the past several years, and its adoption shows no signs of slowing. These cutting-edge algorithms promise to change the technology landscape as we know it, and it's been a windfall for companies at the forefront of this technology. Nowhere is that more apparent than in <strong>Nvidia</strong>( NVDA 1.38%).</p>
<div class="lb-trans"><p>人工智能（AI）在过去几年中经历了快速增长，其采用趋势没有减缓的迹象。这些尖端算法承诺将改变我们所知的技术格局，并且对处于这一技术前沿的公司来说是一个巨大的机遇。这一点在 <strong>Nvidia</strong>（NVDA 1.38%）身上尤为明显。</p>
</div><p>The AI-centric chipmaker pioneered the graphics processing units (GPUs) that create lifelike images in video games. Those same processors are now the gold standard for powering AI, making Nvidia the de facto flag-bearer for the technology.</p>
<div class="lb-trans"><p>这家以 AI 为中心的芯片制造商开创了 图形处理单元（GPUs），能够在视频游戏中创造逼真的图像。这些处理器现在已成为推动 AI 的黄金标准，使 Nvidia 成为这一技术的事实上的旗手。</p>
</div><p>In the first quarter, Nvidia effectively doubled its position in <strong>CoreWeave</strong>( CRWV 3.27%), prompting investors to take a fresh look at the neocloud operator.</p>
<div class="lb-trans"><p>在第一季度，Nvidia 有效地将其在 <strong>CoreWeave</strong>（CRWV 3.27%）的持股几乎翻倍，促使投资者重新审视这家新云运营商。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NzA4NTEvYS1sb25nLXJvdy1vZi1yYWNrLXNlcnZlcnMtaW4tYS1kYXRhLWNlbnRlci5qcGcmdz0zODQw" alt="A long row of rack servers in a data center. " original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F870851%2Fa-long-row-of-rack-servers-in-a-data-center.jpg&amp;w=3840&amp;op=resize"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>The case for neoclouds</h2>
<div class="lb-trans"><h2>新云的案例</h2>
</div><p>Cloud computing became widely available more than two decades ago, providing businesses with on-demand computing services. Neoclouds are the latest version of these services, offering GPU-as-a-service (GPUaaS) and AI-as-a-Service (AIaaS). CoreWeave is the largest and most well-known of these neocloud providers.</p>
<div class="lb-trans"><p>云计算在二十多年前广泛可用，为企业提供按需计算服务。新云是这些服务的最新版本，提供 GPU 即服务（GPUaaS）和 AI 即服务（AIaaS）。CoreWeave 是这些新云提供商中最大和最知名的。</p>
</div><p>CoreWeave has a strategic partnership with Nvidia, giving the company something of a competitive advantage. By collaborating with Nvidia, CoreWeave has access to the company's most recent state-of-the-art AI chips.</p>
<div class="lb-trans"><p>CoreWeave 与 Nvidia 建立了战略合作伙伴关系，使该公司在竞争中拥有一定的优势。通过与 Nvidia 的合作，CoreWeave 能够获得该公司最新的尖端 AI 芯片。</p>
</div><p>Nvidia already had a sizable position in CoreWeave, owning more than 24.2 million shares. According to a regulatory filing released after the market close on Friday, Nvidia nearly doubled its holdings in the first quarter, bringing its total stake to more than 47.2 million shares. In all, Nvidia owns roughly 11% of CoreWeave's outstanding stock, a stake currently worth $4.9 billion and 20% of the chipmaker's equity portfolio.</p>
<div class="lb-trans"><p>Nvidia 在 CoreWeave 中已经拥有相当大的股份，持有超过 2420 万股。根据周五市场收盘后发布的监管文件，Nvidia 在第一季度几乎将其持股翻倍，总持股超过 4720 万股。总体而言，Nvidia 大约拥有 CoreWeave 流通股的 11%，这一股份目前价值 49 亿美元，占该芯片制造商股权投资组合的 20%。</p>
</div><p>Expand</p>
<div class="lb-trans"><p>展开</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL05WREEucG5nJnc9MTI4" alt="Nvidia Stock Quote" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fart%2Fcompanylogos%2Fmark%2FNVDA.png&amp;w=128&amp;op=resize"/></p>
<h2>NASDAQ: NVDA</h2>
<div class="lb-trans"><h2>NASDAQ: NVDA</h2>
</div><p>Nvidia</p>
<div class="lb-trans"><p>Nvidia</p>
</div><p>Today's Change</p>
<div class="lb-trans"><p>今日变动</p>
</div><p>(-1.38%) $-3.11</p>
<div class="lb-trans"><p>(-1.38%) $-3.11</p>
</div><p>Current Price</p>
<div class="lb-trans"><p>当前价格</p>
</div><p>$222.21</p>
<div class="lb-trans"><p>$222.21</p>
</div><h3>Key Data Points</h3>
<div class="lb-trans"><h3>关键数据点</h3>
</div><p>Market Cap</p>
<div class="lb-trans"><p>市值</p>
</div><p>$5.5T</p>
<div class="lb-trans"><p>$5.5 万亿</p>
</div><p>Day's Range</p>
<div class="lb-trans"><p>日内区间</p>
</div><p>$218.37 - $230.00</p>
<div class="lb-trans"><p>$218.37 - $230.00</p>
</div><p>52wk Range</p>
<div class="lb-trans"><p>52 周区间</p>
</div><p>$129.16 - $236.54</p>
<div class="lb-trans"><p>$129.16 - $236.54</p>
</div><p>Volume</p>
<div class="lb-trans"><p>成交量</p>
</div><p>5.4M</p>
<div class="lb-trans"><p>540 万</p>
</div><p>Avg Vol</p>
<div class="lb-trans"><p>平均成交量</p>
</div><p>171M</p>
<div class="lb-trans"><p>1.71 亿</p>
</div><p>Gross Margin</p>
<div class="lb-trans"><p>毛利率</p>
</div><p>71.07%</p>
<div class="lb-trans"><p>71.07%</p>
</div><p>Dividend Yield</p>
<div class="lb-trans"><p>股息收益率</p>
</div><p>0.02%</p>
<div class="lb-trans"><p>0.02%</p>
</div><p>When he announced the investment earlier this year, Nvidia CEO Jensen Huang expounded on the opportunity, saying:</p>
<div class="lb-trans"><p>当他在今年早些时候宣布投资时，Nvidia 首席执行官黄仁勋阐述了这一机会，表示：</p>
</div><blockquote>
<p>CoreWeave's deep AI factory expertise, platform software, and unmatched execution velocity are recognized across the industry. Together, we're racing to meet extraordinary demand for Nvidia AI factories -- the foundation of the AI industrial revolution.</p>
</blockquote>
<div class="lb-trans"><blockquote>
<p>CoreWeave 在 AI 工厂方面的深厚专业知识、平台软件和无与伦比的执行速度在行业内得到了认可。我们正在共同努力，以满足对 Nvidia AI 工厂的巨大需求——这正是 AI 工业革命的基础。</p>
</blockquote>
</div><p>Given Nvidia's growing ties to CoreWeave and its massive vote of confidence, should investors follow suit?</p>
<div class="lb-trans"><p>鉴于 Nvidia 与 CoreWeave 日益紧密的联系及其对 CoreWeave 的巨大信心，投资者是否应该跟随？</p>
</div><h2>Paint the numbers</h2>
<div class="lb-trans"><h2>数据分析</h2>
</div><p>CoreWeave's growth is compelling. In the first quarter, revenue surged 112% year over year to $2 billion, while its loss per share was essentially flat at $1.40.</p>
<div class="lb-trans"><p>CoreWeave 的增长令人信服。在第一季度，收入同比激增 112%，达到 20 亿美元，而每股亏损基本持平，为 1.40 美元。</p>
</div><p>Perhaps as important is the company's backlog, which surged 284% year over year to $99.4 billion, which provides insight into future revenue. In fact, CEO Michael Intrator said on the earnings call that &#34;demand is accelerating across the board.&#34;</p>
<div class="lb-trans"><p>或许更重要的是，该公司的订单积压同比激增 284%，达到 994 亿美元，这为未来的收入提供了洞察。实际上，首席执行官 Michael Intrator 在 财报电话会议 上表示，&#34;需求在各个方面都在加速。&#34;</p>
</div><p>Expand</p>
<div class="lb-trans"><p>展开</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0NSV1YucG5nJnc9MTI4" alt="CoreWeave Stock Quote" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fart%2Fcompanylogos%2Fmark%2FCRWV.png&amp;w=128&amp;op=resize"/></p>
<h2>NASDAQ: CRWV</h2>
<div class="lb-trans"><h2>NASDAQ: CRWV</h2>
</div><p>CoreWeave</p>
<div class="lb-trans"><p>CoreWeave</p>
</div><p>Today's Change</p>
<div class="lb-trans"><p>今日变动</p>
</div><p>(-3.27%) $-3.50</p>
<div class="lb-trans"><p>(-3.27%) $-3.50</p>
</div><p>Current Price</p>
<div class="lb-trans"><p>当前价格</p>
</div><p>$103.80</p>
<div class="lb-trans"><p>$103.80</p>
</div><h3>Key Data Points</h3>
<div class="lb-trans"><h3>关键数据点</h3>
</div><p>Market Cap</p>
<div class="lb-trans"><p>市值</p>
</div><p>$59B</p>
<div class="lb-trans"><p>$590 亿</p>
</div><p>Day's Range</p>
<div class="lb-trans"><p>日内区间</p>
</div><p>$98.67 - $106.95</p>
<div class="lb-trans"><p>$98.67 - $106.95</p>
</div><p>52wk Range</p>
<div class="lb-trans"><p>52 周区间</p>
</div><p>$63.80 - $187.00</p>
<div class="lb-trans"><p>$63.80 - $187.00</p>
</div><p>Volume</p>
<div class="lb-trans"><p>成交量</p>
</div><p>1.7M</p>
<div class="lb-trans"><p>170 万</p>
</div><p>Avg Vol</p>
<div class="lb-trans"><p>平均成交量</p>
</div><p>28M</p>
<div class="lb-trans"><p>2800 万</p>
</div><p>Gross Margin</p>
<div class="lb-trans"><p>毛利率</p>
</div><p>34.82%</p>
<div class="lb-trans"><p>34.82%</p>
</div><p>As CoreWeave continues to expand to meet unrelenting demand, the company is investing heavily in capital expenditures (capex), with 2026 spending expected to range from $31 billion to $35 billion. Despite the heavy investment, CoreWeave said, &#34;Our deployments continue to be profitable at the contract level.&#34; This suggests that as the company scales, the profits will likely come.</p>
<div class="lb-trans"><p>随着 CoreWeave 继续扩展以满足不断增长的需求，该公司正在大力投资资本支出（capex），预计 2026 年的支出将在 310 亿美元到 350 亿美元之间。尽管投资巨大，CoreWeave 表示，&#34;我们的部署在合同层面上仍然是盈利的。&#34;这表明，随着公司规模的扩大，利润可能会随之而来。</p>
</div><h2>Ready for prime time?</h2>
<div class="lb-trans"><h2>准备好迎接主流了吗？</h2>
</div><p>CoreWeave isn't yet profitable, but it did keep the red ink static in the first quarter. Value investors will likely take a hard pass at the company's lack of profits, despite its stellar growth. That said, the stock is selling for roughly 8 times sales, down from its mid-2025 peak of 27 times sales. On the other hand, Nvidia -- which is <em>highly profitable</em> -- and selling for just 27 times forward earnings, gives investors another way to play the AI boom.</p>
<div class="lb-trans"><p>CoreWeave 尚未盈利，但在第一季度保持了亏损的稳定。尽管其增长势头强劲，价值投资者可能会对公司缺乏盈利能力持谨慎态度。也就是说，该股票的销售价格大约为销售额的 8 倍，低于 2025 年中期的 27 倍。另一方面，Nvidia——其盈利能力_极高_——以仅 27 倍的未来收益出售，为投资者提供了另一种参与 AI 繁荣的方式。</p>
</div><p>That said, Nvidia's mentorship, combined with the company's accelerating revenue growth, might make it worth owning a small stake in CoreWeave as part of a balanced portfolio.</p>
<div class="lb-trans"><p>尽管如此，Nvidia 的指导，加上 CoreWeave 加速的收入增长，可能使得在平衡投资组合中持有 CoreWeave 的小额股份变得值得。</p>
</div>

Nvidia Doubled Down on Its Second-Largest AI Holding. Should Investors Follow Suit?

- Nvidia 增持 CoreWeave 的股份，使其总持股超 47.2 百万股。  
- CoreWeave 2026 年资本支出预计达 310 亿至 350 亿美元，其收入年增 112%。  
- 尽管尚未盈利，CoreWeave 的增长前景吸引投资者关注 AI 产业。

英伟达加倍投资其第二大人工智能持股。投资者是否应该效仿？