<p>对于 <strong>Nvidia</strong>（NVDA +1.18%）投资者来说，2026 年是一个令人沮丧的年份，因为这家科技巨头的股票迄今为止几乎没有任何涨幅。相比之下，<strong>PHLX 半导体行业</strong> 指数今年的涨幅达到了惊人的 79%。</p>
<p>然而，很难为 Nvidia 在 2026 年上半年的表现不佳辩护。该公司有望在本财年交出更好的业绩，得益于对其芯片的人工智能（AI）驱动需求。那么，市场会给予 Nvidia 足够的认可，以帮助其股票在 2026 年下半年反弹吗？</p>
<p>让我们来看看。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NzY3MTQvbnZkYV90bWYucG5nJnc9Mzg0MA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NzY3MTQvbnZkYV90bWYucG5nJnc9Mzg0MA"/></p>
<p>图片来源：The Motley Fool。</p>
<h2>Nvidia 的 Vera Rubin 芯片可能成为股票的催化剂</h2>
<p>Nvidia 准备在今年秋季开始发货其下一代 Vera Rubin 处理器。该公司最近指出，Vera Rubin 芯片系统目前已进入全面生产阶段，对这些芯片的需求似乎相当健康。我这样说是因为 Nvidia 在今年早些时候提到，它有 1 万亿美元的订单管道 用于 2026 年和 2027 年的 Blackwell 和 Vera Rubin 芯片架构。</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" 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>(1.18%) $2.27</p>
<p>当前价格</p>
<p>$194.80</p>
<h3>关键数据点</h3>
<p>市值</p>
<p>$4.7 万亿</p>
<p>日内区间</p>
<p>$192.00 - $196.18</p>
<p>52 周区间</p>
<p>$151.49 - $236.54</p>
<p>成交量</p>
<p>572.8K</p>
<p>平均成交量</p>
<p>161.5M</p>
<p>毛利率</p>
<p>74.15%</p>
<p>股息收益率</p>
<p>0.15%</p>
<p>这比它预计在 2025 年和 2026 年获得的 5000 亿美元订单大幅提升。相当一部分订单可能是针对 Rubin 处理器的。这是因为 Nvidia 声称 Vera Rubin 在每瓦特的性能上将比 Blackwell 系统高出 10 倍，正如 CNBC 所报道的。因此，很容易看出像 <strong>Meta Platforms</strong>、Anthropic、OpenAI、<strong>Amazon</strong>、<strong>Microsoft</strong> 和 Google 等公司准备部署这些芯片来处理数据中心的 AI 工作负载。</p>
<p>更重要的是，市场研究和分析公司 The Futurum Group 预计 Nvidia 将把 Vera Rubin 系统的价格提高 25%。因此，Nvidia 的利润率可能会改善，导致今年收益大幅增长。值得注意的是，Nvidia 的收益预计将在 2027 财年（截至 2027 年 1 月）增长 88%，达到每股 8.96 美元。</p>
<p>这将是 Nvidia 在 2026 财年实现 60% 收益增长的显著提升。IDC 预测，半导体行业的收入在 2026 年可能增长 53%，达到 1.29 万亿美元。与此同时，Nvidia 在本财年可能见证 82% 的收入增长，达到 3920 亿美元。因此，Nvidia 的收益有可能比整体半导体市场增长得更快。毕竟，其营收增长有望超过行业水平，而 Vera Rubin 系统价格的潜在上涨可能导致收益的增长超过分析师的预期。</p>
<p>这正是为什么在 2026 年上半年表现不佳后，购买 Nvidia 可能是一个明智的选择。</p>
<h2>目前股票价格太便宜，无法忽视</h2>
<p>以 29 倍的市盈率计算，Nvidia 股票 现在绝对是个便宜货。<strong>iShares 半导体 ETF</strong>，该 ETF 追踪并投资于半导体公司，交易时的市盈率高达 75 倍。这种低估值可能为 Nvidia 在下半年强劲的牛市铺平道路。</p>
<p>假设到财年末其市盈率达到 40 倍，并且每股收益达到 8.96 美元，Nvidia 的股价可能会飙升至 358 美元。这是 85% 的潜在上涨，这就是为什么在 2026 年下半年开始反弹之前，购买这只 AI 股票 是个好主意。</p>

英伟达

2 倍做空 NVDA ETF - T-Rex

2 倍做多 NVDA ETF - T-Rex

<p>尽管在 2026 年初强劲的人工智能需求下，英伟达的股票表现不及半导体行业，但该公司即将发货下一代 Vera Rubin 芯片，拥有 1 万亿美元的订单管道，并预计价格上涨将提升利润率。分析师预计 2027 财年的盈利增长将达到 88%。英伟达的市盈率为 29，而行业的市盈率为 75，因此被认为被低估，这暗示下半年有显著上涨的潜力</p>

<p>It has been a frustrating year for <strong>Nvidia</strong>( NVDA +1.18%) investors, as the tech giant's shares have barely delivered any gains so far in 2026. The <strong>PHLX Semiconductor Sector</strong> index, for comparison, has registered remarkable gains of 79% this year.</p>
<div class="lb-trans"><p>对于 <strong>Nvidia</strong>（NVDA +1.18%）投资者来说，2026 年是一个令人沮丧的年份，因为这家科技巨头的股票迄今为止几乎没有任何涨幅。相比之下，<strong>PHLX 半导体行业</strong> 指数今年的涨幅达到了惊人的 79%。</p>
</div><p>However, it is difficult to justify Nvidia's underperformance in the first half of 2026. The company is on track to deliver better results this fiscal year, driven by the artificial intelligence (AI)-fueled demand for its chips. So, will the market give Nvidia enough credit for its impressive financial performance and help the stock rally in the second half of 2026?</p>
<div class="lb-trans"><p>然而，很难为 Nvidia 在 2026 年上半年的表现不佳辩护。该公司有望在本财年交出更好的业绩，得益于对其芯片的人工智能（AI）驱动需求。那么，市场会给予 Nvidia 足够的认可，以帮助其股票在 2026 年下半年反弹吗？</p>
</div><p>Let's find out.</p>
<div class="lb-trans"><p>让我们来看看。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NzY3MTQvbnZkYV90bWYucG5nJnc9Mzg0MA" alt="Nvidia company name and logo in white on a green background." original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F876714%2Fnvda_tmf.png&amp;w=3840&amp;op=resize"/></p>
<p>Image source: The Motley Fool.</p>
<div class="lb-trans"><p>图片来源：The Motley Fool。</p>
</div><h2>Nvidia's Vera Rubin chips could be a catalyst for the stock</h2>
<div class="lb-trans"><h2>Nvidia 的 Vera Rubin 芯片可能成为股票的催化剂</h2>
</div><p>Nvidia is all set to begin shipments of its next-generation Vera Rubin processors this fall. The company recently noted that Vera Rubin chip systems are now in full production, and demand for these chips appears to be quite healthy. I say this because Nvidia noted earlier this year that it has a $1 trillion order pipeline for the Blackwell and Vera Rubin chip architectures for 2026 and 2027.</p>
<div class="lb-trans"><p>Nvidia 准备在今年秋季开始发货其下一代 Vera Rubin 处理器。该公司最近指出，Vera Rubin 芯片系统目前已进入全面生产阶段，对这些芯片的需求似乎相当健康。我这样说是因为 Nvidia 在今年早些时候提到，它有 1 万亿美元的订单管道 用于 2026 年和 2027 年的 Blackwell 和 Vera Rubin 芯片架构。</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>(1.18%) $2.27</p>
<div class="lb-trans"><p>(1.18%) $2.27</p>
</div><p>Current Price</p>
<div class="lb-trans"><p>当前价格</p>
</div><p>$194.80</p>
<div class="lb-trans"><p>$194.80</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>$4.7T</p>
<div class="lb-trans"><p>$4.7 万亿</p>
</div><p>Day's Range</p>
<div class="lb-trans"><p>日内区间</p>
</div><p>$192.00 - $196.18</p>
<div class="lb-trans"><p>$192.00 - $196.18</p>
</div><p>52wk Range</p>
<div class="lb-trans"><p>52 周区间</p>
</div><p>$151.49 - $236.54</p>
<div class="lb-trans"><p>$151.49 - $236.54</p>
</div><p>Volume</p>
<div class="lb-trans"><p>成交量</p>
</div><p>572.8K</p>
<div class="lb-trans"><p>572.8K</p>
</div><p>Avg Vol</p>
<div class="lb-trans"><p>平均成交量</p>
</div><p>161.5M</p>
<div class="lb-trans"><p>161.5M</p>
</div><p>Gross Margin</p>
<div class="lb-trans"><p>毛利率</p>
</div><p>74.15%</p>
<div class="lb-trans"><p>74.15%</p>
</div><p>Dividend Yield</p>
<div class="lb-trans"><p>股息收益率</p>
</div><p>0.15%</p>
<div class="lb-trans"><p>0.15%</p>
</div><p>That's a significant upgrade over the $500 billion worth of orders it was anticipating for 2025 and 2026. A nice chunk of those orders is likely to be for the Rubin processors. That's because Nvidia claims that Vera Rubin will deliver 10 times higher performance per watt over Blackwell systems, as reported by CNBC. So, it is easy to see why companies such as <strong>Meta Platforms</strong>, Anthropic, OpenAI, <strong>Amazon</strong>, <strong>Microsoft</strong>, and Google are poised to deploy these chips to run AI workloads in data centers.</p>
<div class="lb-trans"><p>这比它预计在 2025 年和 2026 年获得的 5000 亿美元订单大幅提升。相当一部分订单可能是针对 Rubin 处理器的。这是因为 Nvidia 声称 Vera Rubin 在每瓦特的性能上将比 Blackwell 系统高出 10 倍，正如 CNBC 所报道的。因此，很容易看出像 <strong>Meta Platforms</strong>、Anthropic、OpenAI、<strong>Amazon</strong>、<strong>Microsoft</strong> 和 Google 等公司准备部署这些芯片来处理数据中心的 AI 工作负载。</p>
</div><p>What's more, Nvidia is expected to increase the price of Vera Rubin systems by 25%, according to market research and analysis firm The Futurum Group. So, Nvidia's margin profile could improve, leading to a stronger jump in earnings this year. What's worth noting is that Nvidia's earnings are predicted to increase by 88% in fiscal 2027 (which ends in January 2027) to $8.96 per share.</p>
<div class="lb-trans"><p>更重要的是，市场研究和分析公司 The Futurum Group 预计 Nvidia 将把 Vera Rubin 系统的价格提高 25%。因此，Nvidia 的利润率可能会改善，导致今年收益大幅增长。值得注意的是，Nvidia 的收益预计将在 2027 财年（截至 2027 年 1 月）增长 88%，达到每股 8.96 美元。</p>
</div><p>That would be a significant step-up from the 60% earnings growth Nvidia delivered in fiscal 2026. IDC forecasts that the semiconductor industry's revenue could jump by 53% in 2026 to $1.29 trillion. Nvidia, meanwhile, could witness an 82% jump in revenue this fiscal year to $392 billion. So, there is a likelihood that Nvidia's earnings will grow faster than the overall semiconductor market this year. After all, its top-line growth is poised to outpace the industry, and a potential increase in the price of its Vera Rubin systems could lead to a larger increase in earnings than analysts project.</p>
<div class="lb-trans"><p>这将是 Nvidia 在 2026 财年实现 60% 收益增长的显著提升。IDC 预测，半导体行业的收入在 2026 年可能增长 53%，达到 1.29 万亿美元。与此同时，Nvidia 在本财年可能见证 82% 的收入增长，达到 3920 亿美元。因此，Nvidia 的收益有可能比整体半导体市场增长得更快。毕竟，其营收增长有望超过行业水平，而 Vera Rubin 系统价格的潜在上涨可能导致收益的增长超过分析师的预期。</p>
</div><p>This is precisely why buying Nvidia could prove a smart move after its poor performance in the first half of 2026.</p>
<div class="lb-trans"><p>这正是为什么在 2026 年上半年表现不佳后，购买 Nvidia 可能是一个明智的选择。</p>
</div><h2>The stock is too cheap to ignore right now</h2>
<div class="lb-trans"><h2>目前股票价格太便宜，无法忽视</h2>
</div><p>With a price-to-earnings ratio of 29, Nvidia stock is an absolute bargain right now. The <strong>iShares Semiconductor ETF</strong>, which tracks and invests in semiconductor companies, trades at a much more expensive 75 times earnings. This cheap valuation could pave the way for a strong bull run in Nvidia in the second half of the year.</p>
<div class="lb-trans"><p>以 29 倍的市盈率计算，Nvidia 股票 现在绝对是个便宜货。<strong>iShares 半导体 ETF</strong>，该 ETF 追踪并投资于半导体公司，交易时的市盈率高达 75 倍。这种低估值可能为 Nvidia 在下半年强劲的牛市铺平道路。</p>
</div><p>Assuming it trades at even 40 times earnings by the end of the fiscal year and clocks $8.96 in earnings per share, Nvidia's stock price could jump to $358. That's a potential upside of 85%, which is why it would be a good idea to buy this AI stock before it starts rallying in the second half of 2026.</p>
<div class="lb-trans"><p>假设到财年末其市盈率达到 40 倍，并且每股收益达到 8.96 美元，Nvidia 的股价可能会飙升至 358 美元。这是 85% 的潜在上涨，这就是为什么在 2026 年下半年开始反弹之前，购买这只 AI 股票 是个好主意。</p>
</div>

Nvidia Stock Has Underperformed the Semiconductor Sector in 2026. Will It Skyrocket in the Second Half?

- 英伟达股票在 2026 年上半年几乎没有涨幅，表现不佳。  
- 公司预计因人工智能需求推动，实现 2026 财政年度收入 3920 亿美元。  
- 准备推出的 Vera Rubin 处理器将显著提升性能和收益，股价有望上涨。

Motley Fool

2 倍做多英伟达 ETF - Direxion

南方两倍做空英伟达

1 倍做空英伟达 ETF - Direxion

1.5 倍做空英伟达 ETF - Tradr

ProShares Ultra NVDA

南方两倍做多英伟达

2 倍做空 NVDA ETF - GraniteShares

英伟达期权收益策略 ETF - YieldMax

2 倍做多英伟达 ETF - GraniteShares

2 倍做多英伟达 ETF - Leverage Shares

Leverage Shares 2x Cpd Acclrtd NVDAMnETF

NVDA 周配息 ETF - Roundhill

GraniteShares YieldBOOST NVDA ETF

xETFs NVDA Daily Income ETF

NVDA 期权收益策略 ETF - YieldMax

XI二南英伟-U

2 倍做多 MAG7 指数 ETF - Roundhill

半导体 ETF - VanEck Vectors

费城交易所 半导体 ETF - iShares

半导体 3 倍做多 - Direxion

Invesco PHLX Semiconductor ETF

标普半导体 ETF - SPDR

动态半导体 ETF - Invesco

纳斯达克半导体 ETF - First Trust

OpenAI

亚马逊

微软

谷歌-A

NVIDIA Corporation

谷歌-C

英伟达的股票在 2026 年表现逊于半导体板块。它会在下半年大幅上涨吗？