<p>随着 <strong>Nvidia (</strong> <strong>NASDAQ:NVDA</strong> <strong>)</strong> 准备发布其 2027 年第一季度财报，市场的兴奋达到了顶峰。Nvidia 的狂热支持者——数量众多——期待着这家数据中心巨头再次进行胜利的庆祝。</p>
<h3>认识塞缪尔 – 你的个人投资先知</h3>
<p>对 NVDA 的 200% 做空头寸与 NVDS 相关</p>
<p>Nvidia 的顶级 GPU 仍然是人工智能竞赛的支柱，这场竞赛似乎仍在全速进行。预计超大规模云计算公司的资本支出在今年将攀升至数千亿美元，而包括 Alphabet 在内的几家科技巨头最近也进一步提升了他们的支出计划，因为人工智能领导权的争夺愈演愈烈。</p>
<p>这种需求预计将继续推动 Nvidia 的收入、利润和股价上涨。该公司之前预计最近结束的季度收入为 780 亿美元，高于 2026 财年第四季度的 681 亿美元，但华尔街的许多人相信 Nvidia 可能再次超越更高的预期。</p>
<p>尽管承认公司的 “超高速增长”，一位以诺亚方舟资本管理（Noah's Arc Capital Management）为化名的顶级投资者变得更加确信，现在是时候跳船了。</p>
<p>“Nvidia 的地位现在比以往任何时候都更受威胁，” 这位 5 星投资者表示，他是 TipRanks 覆盖的前 3% 股票专家之一。</p>
<p>诺亚方舟提到了一些发展，这些发展汇聚成了这种看跌的观点。首先，这位投资者预计美国对数据中心的反对声——来自左翼和右翼——将在即将到来的中期选举后愈演愈烈。这可能会对 Nvidia 的商业模式造成巨大打击。</p>
<p>“为了实现他们的增长假设，明年需要有比现在显著更多的数据中心，” 诺亚方舟补充道。“这看起来越来越不可能。”</p>
<p>投资者强调的另一个担忧是从 GPU 向 CPU 的转变，因为推理时代的到来。虽然 Nvidia 是 GPU 技术的王者，但在 CPU 方面，该公司并没有拥有 “行业领先” 的产品线。诺亚方舟预测，随着公司越来越多地采用非 Nvidia 技术，该公司的 CUDA 护城河将变得不那么坚固。</p>
<p>这使得投资者认为该公司的股价 “严重高估”。诺亚方舟提到，NVDA 的前瞻市销率为 14.6 倍，远高于行业中位数的 3.3 倍。如果公司的定价能力下降（正如诺亚方舟所预期的那样），这将对 NVDA 造成压力。</p>
<p>“在财报发布前，我对公司的看法比我两年前首次给予强烈卖出评级时更加看跌，” 诺亚方舟总结道。（要查看诺亚方舟的业绩记录，请点击这里）</p>
<p>华尔街几乎完全不同意这一观点。Nvidia 目前拥有强烈买入的共识评级，支持这一评级的有 40 个买入评级，仅有 1 个持有和 1 个卖出。同时，华尔街的平均目标价为 281.97 美元，暗示该股在未来一年内仍可能上涨约 27%。（见 <strong>NVDA 股票预测</strong>）</p>

英伟达

北美科技软件股指数 ETF - iShares

2 倍做空 NVDA ETF - T-Rex

<p>顶级投资者 Noah's Arc Capital Management 建议出售英伟达股票，理由是对公司未来增长的担忧，尤其是在数据中心面临日益反对的情况下，以及从 GPU 向 CPU 转移的趋势。尽管英伟达表现强劲，华尔街的共识也持乐观态度，但 Noah's Arc 认为该股票被高估，前瞻市销率显著高于行业中位数。这位投资者的看空观点与市场对持续收入增长的预期形成对比</p>

<p>Excitement has reached a fever pitch as <strong>Nvidia (</strong> <strong>NASDAQ:NVDA</strong> <strong>)</strong> gets ready to unveil its Q1 2027 earnings report. Nvidia's rabid bulls – of which there are many – are expecting yet another victory lap for the data center giant.</p>
<div class="lb-trans"><p>随着 <strong>Nvidia (</strong> <strong>NASDAQ:NVDA</strong> <strong>)</strong> 准备发布其 2027 年第一季度财报，市场的兴奋达到了顶峰。Nvidia 的狂热支持者——数量众多——期待着这家数据中心巨头再次进行胜利的庆祝。</p>
</div><h3>Meet Samuel – Your Personal Investing Prophet</h3>
<div class="lb-trans"><h3>认识塞缪尔 – 你的个人投资先知</h3>
</div><p>200% short exposure to NVDA with NVDS</p>
<div class="lb-trans"><p>对 NVDA 的 200% 做空头寸与 NVDS 相关</p>
</div><p>Nvidia's best-in-class GPUs remain the backbone of the AI race, which still appears to be operating at full throttle. Hyperscaler capital expenditures are expected to climb into the hundreds of billions of dollars this year alone, while several tech giants – including Alphabet – have recently boosted their spending plans even further as the battle for AI leadership intensifies.</p>
<div class="lb-trans"><p>Nvidia 的顶级 GPU 仍然是人工智能竞赛的支柱，这场竞赛似乎仍在全速进行。预计超大规模云计算公司的资本支出在今年将攀升至数千亿美元，而包括 Alphabet 在内的几家科技巨头最近也进一步提升了他们的支出计划，因为人工智能领导权的争夺愈演愈烈。</p>
</div><p>That demand is expected to keep driving Nvidia's revenue, profits, and share price higher. The company previously guided for $78 billion in revenue for the recently concluded quarter, up from $68.1 billion in Q4 fiscal 2026, yet many on Wall Street believe Nvidia could once again clear an even higher bar.</p>
<div class="lb-trans"><p>这种需求预计将继续推动 Nvidia 的收入、利润和股价上涨。该公司之前预计最近结束的季度收入为 780 亿美元，高于 2026 财年第四季度的 681 亿美元，但华尔街的许多人相信 Nvidia 可能再次超越更高的预期。</p>
</div><p>While acknowledging the company's &#34;hypergrowth,&#34; one top investor, known by the pseudonym Noah's Arc Capital Management, has become more convinced that the time has come to jump ship.</p>
<div class="lb-trans"><p>尽管承认公司的 “超高速增长”，一位以诺亚方舟资本管理（Noah's Arc Capital Management）为化名的顶级投资者变得更加确信，现在是时候跳船了。</p>
</div><p>&#34;Nvidia's position is more threatened now than it has ever been before,&#34; states the 5-star investor, who's among the top 3% of stock pros covered by TipRanks.</p>
<div class="lb-trans"><p>“Nvidia 的地位现在比以往任何时候都更受威胁，” 这位 5 星投资者表示，他是 TipRanks 覆盖的前 3% 股票专家之一。</p>
</div><p>Noah's Arc cites a number of developments that coalesce into this bearish take. For one, the investor expects the backlash against data centers in the U.S. – from both left and right – to gain steam, especially after the upcoming midterm elections. That could put a huge dent in Nvidia's business model.</p>
<div class="lb-trans"><p>诺亚方舟提到了一些发展，这些发展汇聚成了这种看跌的观点。首先，这位投资者预计美国对数据中心的反对声——来自左翼和右翼——将在即将到来的中期选举后愈演愈烈。这可能会对 Nvidia 的商业模式造成巨大打击。</p>
</div><p>&#34;In order to hit their growth assumptions, there need to be significantly more data centers next year than there are right now,&#34; adds Noah's Arc. &#34;This is looking increasingly unlikely.&#34;</p>
<div class="lb-trans"><p>“为了实现他们的增长假设，明年需要有比现在显著更多的数据中心，” 诺亚方舟补充道。“这看起来越来越不可能。”</p>
</div><p>Another concern the investor highlights revolves around the shift from GPUs to CPUs, as the age of inference dawns. While Nvidia is the king of GPU technology, when it comes to CPUs, the company doesn't possess an &#34;industry-leading&#34; lineup. Noah's Arc predicts that the company's CUDA moat will become less robust as companies increasingly adopt non-Nvidia technology.</p>
<div class="lb-trans"><p>投资者强调的另一个担忧是从 GPU 向 CPU 的转变，因为推理时代的到来。虽然 Nvidia 是 GPU 技术的王者，但在 CPU 方面，该公司并没有拥有 “行业领先” 的产品线。诺亚方舟预测，随着公司越来越多地采用非 Nvidia 技术，该公司的 CUDA 护城河将变得不那么坚固。</p>
</div><p>And that makes the investor believe that the company's share price is &#34;seriously overvalued.&#34; Noah's Arc cites NVDA's forward price-to-sales ratio of 14.6x, which is much higher than the sector median of 3.3x. If the company's pricing power decreases (as Noah's Arc expects), this would pressure NVDA.</p>
<div class="lb-trans"><p>这使得投资者认为该公司的股价 “严重高估”。诺亚方舟提到，NVDA 的前瞻市销率为 14.6 倍，远高于行业中位数的 3.3 倍。如果公司的定价能力下降（正如诺亚方舟所预期的那样），这将对 NVDA 造成压力。</p>
</div><p>&#34;Heading into earnings, I am more bearish today on the company than I was originally when I wrote my first Strong Sell rating over 2 years ago,&#34; concludes Noah's Arc. (To watch Noah's Arc's track record, click here)</p>
<div class="lb-trans"><p>“在财报发布前，我对公司的看法比我两年前首次给予强烈卖出评级时更加看跌，” 诺亚方舟总结道。（要查看诺亚方舟的业绩记录，请点击这里）</p>
</div><p>Wall Street could hardly disagree more. Nvidia currently boasts a Strong Buy consensus rating backed by 40 Buy ratings against just 1 Hold and 1 Sell. Meanwhile, the Street's average price target of $281.97 suggests the shares could still climb another ~27% over the coming year. (See <strong>NVDA stock forecast</strong>)</p>
<div class="lb-trans"><p>华尔街几乎完全不同意这一观点。Nvidia 目前拥有强烈买入的共识评级，支持这一评级的有 40 个买入评级，仅有 1 个持有和 1 个卖出。同时，华尔街的平均目标价为 281.97 美元，暗示该股在未来一年内仍可能上涨约 27%。（见 <strong>NVDA 股票预测</strong>）</p>
</div>

'Time to Jump Ship,' Says Top Investor About Nvidia Stock

- 美股公司 Nvidia 即将公布 2027 年第一季度财报，市场期待高涨。  
- 投资者 Noah's Arc 认为 Nvidia 面临竞争威胁，可能影响增长。  
- 尽管有 bearish 看法，华尔街对 Nvidia 评级为强买入，预计股价仍有上涨空间。

顶级投资者谈论英伟达股票时表示：“是时候跳船了。”